Costing Engineer

Experience : 4 Years
Education : ME/M.Tech
Location : Chennai
Job Role : Engineer
Posted on 17 Oct 20
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Job DescriptionLast Date 16 Dec 20

Job Title: Costing Engineer


The Costing Engineer is anindividual contribution role, bringing technical expertise onsupporting/improving cost effectiveness of new products delivered by the NPIprocess working closely with a cross-functional team comprising engineering, purchasing& costing

Job Duties/Responsibilities Mayinclude, But Are Not Limited To
  • Provideexpert opinion on the Cost modelling and Optimization effort
  • Own theproduct cost delivery along with the cross functional NPI teams, drive costreduction actions through functional cost reviews
  • Devisethe strategy for cost reduction though data analysis, should costing, designchanges & negotiation
  • Work withthe product/NPI managers & BR teams to set the right cost targets for NPI
  • Work withthe cross-functional teams to ensure correctness of the cost roll up
  • Provideleadership in the implementation of cost reduction actions throughout the NPIcycle
  • Generatecost reduction actions & ideas and work with Purchasing & Design teamsfor implementation
  • Audit andestablish standards, policies and practices relating to quality, costreduction, in performing cost modelling and optimization
  • Stayabreast with variable & material cost movement to provide value inmanufacturing strategy for a cost standpoint
  • Providelevers to Purchasing for negotiation & participate in critical negotiationswith suppliers
  • Providecost analysis, cost walk, trade-off analysis of cost vs features in NPIreviews
  • Researchand develop new technology in the area of manufacturing
Learning & Development
  • Incumbentmust manage their own development, continuously learning through experience newbusiness knowledge and skill, interpersonal and leadership skills, andunderstanding the customers’ needs and application of the product or process,as well as keeping up with technology
Technical Competencies
  • ProcessPlanning - Devises process plans to include work standards, standard work,planned method cycle time and quality control plans
  • TechnicalProject Management - Manages project work to solve technical issues and meetcommitments Includes the ability to use project management tools to controltime, cost and quality objectives
  • ManufacturingProcess Comprehension - Comprehensive knowledge and experience of manufacturingprocesses for construction equipment – Heavy & light fabrications,hydraulics, electrical & electronics, cabins, engines & aftertreatment
  • TechnicalAcumen - Print reading includes geometric dimensioning and tolerancing, SixSigma, CPS/Lean principles, data analysis, general computer and informationsystems (utilizing various MS-Office 360 tools)
  • NewProduct Introduction (NPI) - Understanding of 8 phases of Caterpillar's NPIProcess (Strategy, Define, Measure, Explore, Design, Verify, Pilot andProduction) to deliver quality services to customers
  • ToolDesign and Selection - Effectively applies appropriate tools and methods for agiven process such as assembly, machining, welding & fabrication
  • FunctionalManufacturing Expertise - Knowledge in the tenets of lean manufacturing, andEnterprise Excellence processes, best practices, and tools
  • Tools& Expertise: Product Data Management (Teamcenter Engineering),Creo,Costing knowledge like material rates, work centre rates, labour and overheadsetc, Product Knowledge -Machines and Engines, Knowledge on Costing Softwareusage

  • Bachelor degree (orequivalent) in an accredited Engineering (must be from Mechanical/Automotiveengineering streams) with 10 to 15 years of relevant work experience (Design& Development, Manufacturing, Product Costing etc of Earthmoving/Construction Productslike Dozers, Motor Graders, Pavers, Compactors, Road Processing machines,Excavators, Back-Hoe Loaders etc)
  • Strong analyticalskills
  • Global workingexposure
  • Analysis,Communication, Decision Making, Initiative, Innovation, Team work, Technicalknowledge, Project Leadership
Desired Qualifications
  • Masters degree (or equivalent) in an accredited Engineering (Mechanical engineering with specialisation in Machine/Product Design, Automotive, Applied Mechanicsetc)
  • Good communication, interpersonal and collaboration skills
Caterpillar is an Equal Opportunity Employer (EEO)

EEO/AA Employer All qualified individuals - including minorities, females, veterans and individuals with disabilities - are encouraged to apply
  • Costing Engineer
  • Experience : 4
  • Job Type : Full Time
  • Interview Type : Face to Face Interview

Job Type : Full Time
Interview Type : Face to Face Interview
Company Description
Apply now
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