Costing Engineer - Manufacturing and Supplier Cost Analysis

Should Costing Engineer

Role Overview

We are looking for a detail oriented and analytical Should Costing Engineer to join our team. The role involves evaluating product designs, manufacturing processes, and supplier quotes to determine the most cost-effective solutions, while maintaining quality and performance standards.

Key Responsibilities

• Develop and analyze cost models for mechanical/electrical components, assemblies, and systems.
• Evaluate supplier quotations and benchmark costs against industry standards.
• Identify cost drivers and provide recommendations for cost reduction opportunities.
• Collaborate with design, sourcing, and supplier teams to validate costs and drive value engineering.
• Support new product development by providing accurate cost estimates during concept and design phases.
• Conduct make vs. buy analysis and support supplier negotiations with cost insights.
• Prepare detailed cost reports and present findings to cross-functional teams.

Skills & Competencies

• Strong knowledge of manufacturing processes (machining, sheet metal, plastics, casting, etc.).
• Good understanding of engineering drawings, BOMs, and technical specifications.
• Analytical mindset with strong problem-solving abilities.
• Proficiency in MS Excel and cost modeling tools.
• Knowledge of CAD software (e.g., CATIA, SolidWorks, Creo) is an advantage.
• Excellent communication and collaboration skills.

Qualifications

• B.E./B.Tech in Mechanical / Production / Industrial Engineering or equivalent.
• Fresher to 6 years of experience in Should Costing, Cost Engineering, Value Analysis/Value Engineering (VA/VE), or related fields.
• Exposure to supplier interaction and cost benchmarking preferred.

At KONE, we are focused on creating an innovative and collaborative working culture where we value the contribution of each individual. Employee engagement is a key focus area for us and we encourage participation and the sharing of information and ideas. Sustainability is an integral part of our culture and the daily practice. We follow ethical business practices and we seek to develop a culture of working together where co-workers trust and respect each other and good performance is recognized. In being a great place to work, we are proud to offer a range of experiences and opportunities that will help you to achieve your career and personal goals and enable you to live a healthy and balanced life.

Read more on www.kone.com/careers

Experience Level

Senior Level