Should Costing Engineer

Should-Cost Engineering Responsibilities

• Develop and maintain should-cost models for mechanical, electrical, and electro-mechanical products using manufacturing process, material, labor, tooling, overhead, yield, and volume assumptions.
• Use aPriori and other cost-engineering tools to establish fact-based product costs and identify key cost drivers and cost-reduction opportunities.
• Provide cost analysis during early product concept and architecture phases to support Design-to-Cost (DTC), DFM/DFA, material selection, process selection, and design trade-offs.
• Analyse engineering drawings, GDT, BOMs, and MBOMs to identify cost drivers related to materials, tolerances, part complexity, manufacturing processes, and assembly.
• Develop clean-sheet cost estimates and benchmark supplier quotations against should-cost models to identify cost gaps and support supplier negotiations and sourcing decisions.
• Partner with Engineering, DFX, NPI, Procurement, Manufacturing, Quality, and Supply Chain teams to drive cost-effective product designs without compromising performance, quality, reliability, or manufacturability.
• Conduct cost analysis for sheet metal, machining, welding, casting, extrusion, injection molding, coating, electrical assemblies, and mechanical/electrical integration.
• Lead and drive global cost-out initiatives across CMs and suppliers, partnering with Engineering, Procurement, Supply Chain, and Manufacturing to identify, quantify, negotiate, and implement sustainable cost-reduction opportunities across products and manufacturing locations.
• Support Value Engineering / Value Analysis (VE/VA) initiatives and develop cost-reduction roadmaps for new and existing products.
• Evaluate tooling, fixtures, equipment, manufacturing processes, and supplier capability to determine their impact on product cost and investment requirements.
• Assess cost impacts of engineering changes, material substitutions, localization, process changes, and supplier changes.
• Establish and track cost targets, cost-critical-to-quality (CTQ) factors, cost gaps, cost avoidance, and realized savings throughout the NPI lifecycle.
• Continuously improve cost models using actual production data, supplier inputs, manufacturing cycle times, material pricing, yield, and lessons learned from prototype and production builds.
• Develop standardized Design-to-Cost / DFX cost guidelines and databases to enable consistent cost decisions across product development programs.

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