Senior Cost Estimation Engineer
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Key details
- Location
- Bengaluru, KA, India
- Work style
- Onsite
- Level
- Senior
- Function
- Software engineering
- Focus area
- other
- Posted
- 1w ago
Skills
About the role
Senior Cost Estimation Engineer
Position Summary
We are seeking an experienced Cost Estimation Engineer to develop accurate should-cost models, perform component cost benchmarking, support sourcing and negotiation activities, and identify cost reduction opportunities across automotive Tier-1 components. The role requires deep understanding of manufacturing processes, materials, electronics, tooling, and automotive supply chains.
Key Responsibilities
1. Should-Cost Modeling & Cost Analysis
- Develop detailed bottom-up cost models for automotive components and systems.
- Estimate material, manufacturing, labor, overhead, tooling, logistics, and supplier margins.
- Conduct should-cost analysis for:
- Electronics (PCBA, ECUs, Sensors)
- Wire Harnesses
- Busbars
- Castings & Forgings
- Plastic Injection Molded Parts
- Stampings & Sheet Metal Components
- E-Mobility Components
- ADAS & Infotainment Systems
- Validate supplier quotations using cost engineering methodologies.
2. Manufacturing Process Expertise
Perform cost estimation based on understanding of:
Mechanical Components
- Die Casting
- Sand Casting
- Forging
- CNC Machining
- Sheet Metal Stamping
- Deep Drawing
- Welding & Assembly
- Surface Treatments
Electronics
- PCB Fabrication
- SMT Assembly
- Wave/Reflow Soldering
- Semiconductor Packaging
- Sensor Manufacturing
Plastics & Rubber
- Injection Molding
- Overmolding
- Compression Molding
- Extrusion Processes
3. Supplier Cost Benchmarking
- Benchmark global and regional supplier costs.
- Compare supplier quotations against market intelligence.
- Support negotiations using fact-based cost breakdowns.
- Create target cost models and savings opportunities.
- Analyze manufacturing footprint and localization opportunities.
4. Market Intelligence & Commodity Tracking
- Monitor raw material trends:
- Steel
- Aluminum
- Copper
- Engineering Plastics
- Semiconductor Components
- Track labor rates, energy costs, freight, and regional manufacturing economics.
- Support annual cost reduction and budget planning activities.
5. Cross-Functional Collaboration
- Work closely with:
- Procurement
- Engineering
- Supplier Quality
- Program Management
- Finance Teams
- Support RFQ, s
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