Engineer - IE Costing
Larsen & Toubro Ltd
Work from Office
Full Time
Min. 2 yearsJob Description
Engineer - IE Costing
Roles and Responsibilities - Costing
- Prepare detailed product costing including BOM, labor, and overheads
- Conduct time study and work measurement for accurate labor costing
- Analyze cycle time, manpower utilization, and line efficiency
- Develop and maintain standard cost models for products
- Support RFQ/quotation with competitive and accurate costing
- Perform cost breakdown and margin analysis
- Identify cost reduction opportunities through process improvements
- Work on line balancing and productivity improvement initiatives
- Compare actual vs standard cost and perform variance analysis
- Support value engineering and localization activities
- Collaborate with production, planning, sourcing, and finance teams
- Update and maintain costing data in ERP systems
- Analyze impact of ECN changes on product costing
- Prepare MIS reports, dashboards, and cost analysis for management
- Drive continuous improvement initiatives to optimize cost and efficiency
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