What are the responsibilities and job description for the Should Costing Engineer position at Global Connect Technologies?
Job Overview
We are looking for an experienced Should Costing Engineer to join our team and support cost optimization initiatives for automotive components. The ideal candidate will have strong expertise in manufacturing processes, cost analysis, and supplier negotiations, with hands-on experience in should costing tools and methodologies.
Key Responsibilities
- Perform should costing analysis for various engineering components and assemblies.
- Develop reference/target cost models to support sourcing and procurement decisions.
- Analyze supplier quotations and prepare detailed reports for negotiation with suppliers.
- Identify cost drivers and perform independent cost calculations with minimal supervision.
- Define optimal manufacturing processes, machine selection, and cycle time calculations.
- Conduct cost mapping for parts including sheet metal, plastic, rubber, and machined components.
- Support price negotiations by providing data-driven insights and negotiation dossiers.
- Work closely with sourcing and commodity teams to ensure cost efficiency.
- Interpret engineering drawings and apply GD&T principles effectively.
Required Qualifications
- Bachelor’s degree in Mechanical Engineering (B.E./B.Tech).
- 7–10 years of experience in should costing, preferably in automotive, tractor, or manufacturing industries.
- Strong exposure to sheet metal and plastic components (primary requirement).
- In-depth knowledge of:
- Manufacturing processes (machining, molding, fabrication, assemblies)
- Machine Hour Rate (MHR), overheads, and profit calculations
- Experience with supplier quote analysis and negotiation support.
- Proficiency in reading engineering drawings and GD&T.
Tools & Software
- Should Costing Tools: aPriori, Costimator, TcPCM
- ERP Systems: SAP or equivalent ERP tools
- Sourcing and cost analysis platforms
Preferred Skills
- Strong analytical and problem-solving abilities
- Excellent communication and stakeholder management skills
- Ability to work independently in a fast-paced environment