Value Engineer I

Sears Seating; Davenport (IA); On-site; USD 60,000 - 85,000; Full time

Job summary

Sears Seating in Davenport, IA is seeking a Value Engineer I to support cross-functional teams on cost-focused product improvements and margin optimization. You will lead cost analyses, develop BOM costings, and drive should-cost exercises with suppliers and internal groups, while staying aligned with the company's strategic goals.

This role emphasizes continuous improvement, new product cost reduction, and collaboration across design, manufacturing, and supply chain to deliver higher value

Responsibilities

• Lead value engineering projects to reduce costs across design, manufacturing, and supply chain.
• 1
• Assess new project costs and capital investments with cross-functional teams.
• 2
• Report and develop action items to improve product margins.
• 3
• Prepare make/buy cost analyses for teams.
• 4
• Conduct benchmarking to evaluate market value and should-cost.
• 5
• Create costed engineering BOMs for cost comparisons.
• 6
• Manage cross-functional meetings with customers and suppliers.
• 7
• Initiate Engineering Change Requests to improve efficiency, quality, and cost.

Skills

Value engineering

Cost analysis

BOM management

Cross-functional collaboration

RFQ preparation

Make/buy analysis

Process improvement

Job description

FUNCTION
The Value Engineer I is responsible for supporting various cross functional teams and projects related to new and existing product cost. The Value Engineer I is responsible for identifying opportunities for product improvement to eliminate waste and drive higher profit margins.

Essential Duties And Responsibilities

This list of duties and responsibilities is not all inclusive and may be expanded to include other duties and responsibilities as management may deem necessary from time to time.

• Lead strategic value engineering projects that support best total cost of product through quality, design, manufacturing process, and supply chain.
• Lead the cross functional assessment of new project costs and capital investments.
• Responsible for reporting and developing action items to support new product margins.
• Prepare make / buy cost analysis and present to teams.
• Conduct benchmarking events evaluating market value and should cost analysis.
• Prepare reports for all levels of management as needed.
• Develop and implement goals and initiatives consistent with company strategy.
• Stay current and communicate inflationary market trends to senior management.
• Create costed engineering BOM’s for cost comparisons.
• Manage meetings with cross functional teams including customers and suppliers.
• Create RFQ’s for supplier quotations and evaluate to make sure cost targets are achieved.
• Audit system BOM for accuracy, and collaborate with engineering, manufacturing engineering, and supply chain to resolve discrepancies.
• Participate in R & D development to incorporate new technology and innovative solutions.
• Initiate Engineering Change Requests (ECR’s) to make changes to existing product to improve efficiency, quality, and cost.