Cost Engineer

Overview

Lead cost engineering activities, analysis, reduction, and supplier negotiations.

Key Responsibilities

• cost engineering
• cost analysis
• data management
• supplier negotiation
• compliance management
• stakeholder coordination

Tasks

-Work proactively towards cost target objectives and sourcing strategy in collaboration with Strategic Buyers, Category Managers, NPI Teams and R&D. -Support and utilize experience to aid best practice in the supplier process in conjunction with buyers -Utilize cost methodologies, tools and appropriate software models and provide expert knowledge in cost analysis, manufacturing processes, material/supplier comparison etc. -Lead all activities related to cost engineering within the assigned scope of work. -Take end to end responsibility for the full scope interacting with all internal and external stakeholders as required. -Responsible for ensuring compliance with applicable external and internal regulations, procedures, and guidelines. -Maintain reliable and accurate data related to raw materials, processes, machines, labor rates etc. relevant to the scope of work -Investigate and identify cost reduction opportunities through cost analysis review for new as well as existing parts/products -Support supplier meetings and negotiations to challenge prices and aim for cost reductions to meet target costs -Analyze supplier manufacturing process, infrastructure and quotes and provide arguments with data to aid communication with suppliers and customers and achieve cost optimization.

Requirements

• engineering degree
• cost modeling
• supplier negotiations
• cost software
• 7‑10 yrs
• analytical

What You Bring

-Work exposure to different supply regions such as China, India, Europe and US -A bachelor’s degree in mechanical/ electrical & Electronics / Production/Material Sciences Engineering, master’s degree is a plus. -Deep understanding of various cost models viz. Should Costing, Directional Costing, Linear Performance Pricing, Price History, Benchmarking etc. -Good experience in Supplier assessments, workshops and negotiations -Fluent in English, other languages are a plus. -Ability to coordinate with cross functional and cross geographical teams, Flexibility to travel min 10%. -7 to 10 years in similar industry or automobile or aero space -Excellent Analytical and communication skills -Knowledge and understanding of a variety of manufacturing processes and components and ability to evaluate and analyses associated costs. -Requires knowledge of at least one Cost estimation software’s such as “aPriori”, PCS/PCM-Team Center, DFMA and SEER Tool-Galorath”

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About Hitachi Energy Ireland Limited

-Leads in energy management with pioneering technologies. -Focuses on renewable energy to drive cleaner and efficient power systems. -Provides solutions across energy generation, transmission, and distribution. -Operates in sectors including wind, solar, utilities, and transportation infrastructure. -Innovates in industrial automation with cutting-edge energy optimization systems. -Involved in electrifying remote regions for improved energy access. -Employs digital tools for data-driven grid improvements and performance enhancement.

Sector Specialisms