Cost Engineer

Job Description & Skill Requirement

Key Responsibilities:

• Provide guidance to Designers/Design Engineers for proposed new or modified designs to achieve required function at minimum cost.
• Apply design for assembly (DFA) and design for manufacturing (DFM) tools to analyze proposed new designs and propose potential improvements.
• Work with engineering on a Design to Target approach in early product development planning
• Develop cost targets for mechanical engine parts (Castings Stamped parts Extrusions and injection molded) based on information ranging from sample parts CAD models and engineering drawings.
• Develop cost targets for electrical engine parts (Harness PCB PCB assemblies DC motors Batteries) based on information ranging from schematics CAD models and engineering drawings.
• Provide should-cost analysis reports to procurement team for supplier negotiation purposes.
• Do competitive benchmarking/ teardown analysis and develop should cost models.
• Participate in value analysis (VA) and value engineering (VE) activities and generate cost reduction ideas on current production products.
• Present project cost updates along with risks and opportunities to higher management on monthly basis.
• Be a resource of cost information on assigned projects for the entire organization (upper management marketing sales engineering financial manufacturing etc).
• Provide the organization with monthly cost reports and cost tracking of current product.
• Diversity of thought and experiences is fundamental when imagining the unimaginable. Certain skillsets/experiences are necessary; however others can be developed along the way.

Required Qualifications:

• Bachelors degree in Mechanical Manufacturing Industrial or Electrical Engineering
• 3-5 years of industry experience
• Proficient in BDI (Boothroyd Dewhurst Inc) A-priori or related costing software
• Ability to read and understand manufacturing drawings
• Working knowledge of a Bill of Material its development and application.
• Practical knowledge of VA/VE techniques and strong financial awareness
• Functional understanding of 3D CAD software (Creo Preferred)
• Proficient in Microsoft office.
• Travel up to 10%

Preferred Qualifications:

• In-depth knowledge of Manufacturing processes (Casting Stamping Injection molding extrusion PCBA) and compatible materials.
• Lean Six Sigma Green Belt Preferred.

Pi-square technologies is a Michigan (USA) Headquartered Automotive Embedded Engineering Services company Synergy Partner for major OEMs and Tier 1s and their implementation partners in Automotive Embedded Product Development Projects Requirements Analysis Software Design Software Implementation Efficient Build Release Process and turnkey software V & V Services. We have more than 20 years of industry expertise with specialization in the latest cutting-edge automotive technologies such as Infotainment connected vehicles Cyber security OTA and Advanced Safety/ Body electronics.