Product Cost Engineer
Product Cost Engineer
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Job Description
Cost Analyst Engineering and Product Management
Location: Onsite
Overview: A leading company in the engineering and product management space is seeking a skilled Cost Analyst to work closely with the Vice President of Engineering and Product Management. The ideal candidate will play a critical role in meeting cost targets for new products and driving cost improvements on current products. This position involves deep collaboration with various departments including Engineering Purchasing/Material Management Quality Accounting and external vendors to ensure cost optimization across the board.
Key Responsibilities:
- Monitor and track cost improvements and savings delivering monthly reports and annual cost summaries.
- Collaborate with the Quality team on DMRs (Defective Material Reports) RMAs (Return Material Authorizations) and other cost of qualityrelated issues.
- Work closely with Engineering and Purchasing to identify and manage critical vendors in the supply chain.
- Demonstrate the ability to search for and identify potential secondsource suppliers globally.
- Apply technical knowledge to evaluate electrical component datasheets and recommend alternative parts when needed.
- Manage actions related to endoflife components and product change notices from vendors/distributors.
- Collaborate with engineering purchasing finance design and plant operations to develop cost models estimates targets and conduct make/buy analyses and ad hoc analyses as required.
- Foster close interaction with electrical design engineers software engineers mechanical engineers and related procurement buyers to optimize cost structures.
Qualifications:
- Proven experience in cost analysis with a focus on engineering and product management environments.
- Strong understanding of supply chain management and vendor sourcing strategies particularly in the context of electrical components.
- Technical proficiency in interpreting electrical component datasheets and identifying alternative parts.
- Ability to collaborate with crossfunctional teams including engineering procurement quality and finance departments.
- Excellent problemsolving skills and attention to detail.
- Experience in managing product endoflife and vendor/distributor communications.
Work Conditions:
- Fulltime salaryexempt position.
- Onsite presence required no remote work.
- Work hours: Monday to Friday 8 AM 5 PM.
Employment Type
Full Time
