Costing Engineer -Operations

Role & responsibilities

1. Engineering Drawing & Product Study

• Study engineering drawings, specifications, dimensions, tolerances and customer requirements.
• Understand product construction and identify all manufacturing requirements from the drawing.
• Identify special processes, critical dimensions, inspection requirements and manufacturing challenges.
• Assess Design for Manufacturing (DFM) opportunities and manufacturing feasibility.

2. Manufacturing Process Development

• Develop the complete manufacturing process from raw material to finished product.
• Define the sequence of operations such as cutting, forming, pressing, bending, machining, drilling, welding, fabrication, surface treatment, assembly and inspection.
• Determine internal manufacturing versus subcontracting requirements.
• Develop practical and cost-effective manufacturing routes.

3. Material Identification & Consumption

• Identify material grade, thickness, size and specification from engineering drawings.
• Calculate material quantity, weight, consumption, yield and expected scrap.
• Evaluate material alternatives and optimize material utilization.
• Establish accurate material requirements for costing.

4. Machine, Operation & Cycle-Time Assessment

• Identify machines and equipment required for each manufacturing operation.
• Determine operation-wise cycle time, setup time and processing requirements.
• Assess manpower requirements and machine loading.
• Consider tooling, fixtures, jigs and special equipment requirements.

5. Manufacturing Process Costing

• Calculate machine operating cost, labour cost, processing cost and setup cost.
• Include tooling, fixture, welding/fabrication, surface treatment, inspection, packing and subcontracting costs.
• Develop accurate operation-wise and product-wise manufacturing costs.
• Maintain clear costing assumptions and calculation logic.

6. Complete Product Costing

• Prepare complete product/manufacturing cost based on the developed process.
• Material + Process + Labour + Machine + Tooling/Fixture + Subcontracting + Surface Treatment + Inspection + Packing + Manufacturing Overheads.
• Support commercial teams with technically validated manufacturing cost as the basis for pricing and quotation.
• Review and update costing when drawings, materials or processes change.

7. Cost Optimization & Value Engineering

• Identify opportunities to reduce material consumption, cycle time, labour and processing cost.
• Evaluate alternate materials, manufacturing methods, machine routes and process sequences.
• Improve material yield and reduce scrap and rework.
• Support Value Engineering and Design-to-Cost initiatives.

8. Actual vs Estimated Cost Analysis

• Compare estimated manufacturing cost against actual production cost.
• Identify major cost variances in material, cycle time, labour, machine and subcontracting.
• Work with Manufacturing and Engineering to close recurring costing gaps.
• Maintain a reliable manufacturing cost database.

9. New Product / Customer Enquiry Costing

• Study drawing develop process identify material identify machines/operations determine cycle time calculate process cost calculate complete product cost.
• Support Engineering, Sales and Management with timely and technically robust costing.
• Participate in new product feasibility and manufacturing review.

Preferred candidate profile

• Engineering qualification preferred Mechanical / Production / Industrial Engineering.
• Strong ability to read and interpret engineering drawings.
• Hands-on understanding of sheet metal, press work, bending, laser cutting, welding, fabrication, machining, surface treatment and assembly.
• Strong knowledge of material consumption, process routing, cycle time, labour, machine and manufacturing cost.
• Strong Excel and costing-analysis skills.
• Experience in precision engineering / elevator components is an advantage
• Candidtae having Costing Degree like CWA or CMA is added advantge