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Katalyst Healthcares & Life Sciences

Should Costing Engineer

Job Description

Roles & Responsibilities:
Provide guidance to Designers/Design Engineers for proposed new or modified designs to achieve required function at minimum cost. Apply Design for Assembly (DFA) and Design for Manufacturing (DFM) tools to analyze proposed new designs and propose potential improvements. Work with engineering on a Design to Target approach in early product development planning. Develop cost targets for mechanical engine parts (Castings, Stamped Parts, Extrusions, and Injection Moulded) based on information ranging from sample parts, CAD models, and engineering drawings. Develop cost targets for electrical engine parts (Harness, PCB, PCB Assemblies, DC Motors, Batteries) based on information ranging from schematics, CAD models, and engineering drawings. Provide should-cost analysis reports to the procurement team for supplier negotiation purposes. Conduct competitive benchmarking/teardown analysis and develop should-cost models. Participate in Value Analysis (VA) and Value Engineering (VE) activities and generate cost reduction ideas on current production products. Present project cost updates along with risks and opportunities to higher management monthly. Be a resource of cost information on assigned projects for the entire organization, including upper management, marketing, sales, engineering, financial, and manufacturing. Provide the organization with monthly cost reports and cost tracking of current products.
Education & Experience:
Bachelor's degree in mechanical, Manufacturing, Industrial, or Electrical Engineering. 7-10 years of industry experience. Proficient in BDI (Boothroyd Dewhurst Inc.), A-priori, or related costing software. Ability to read and understand manufacturing drawings. Working knowledge of a Bill of Material (BOM), its development, and application. Practical knowledge of VA/VE techniques and strong financial awareness. Functional understanding of 3D CAD software (Creo Preferred). In-depth knowledge of manufacturing processes including Casting, Stamping, Injection Moulding, Extrusion, and PCBA, and compatible materials. Lean Six Sigma Green Belt preferred.
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