Cost Engineer

2 days ago

Fond du Lac, WI, United States E-Solutions Full time

Title: Cost Engineer
Location: Fond du Lac, WI

Job Description & Skill Requirement

Key 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 molded) 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 procurement team for supplier negotiation purposes.
  • Do 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 on monthly basis.
  • Be a resource of cost information on assigned projects for the entire organization (upper management, marketing, sales, engineering, financial, manufacturing, etc).
  • Provide the organization with monthly cost reports and cost tracking of current product.
  • Diversity of thought and experiences is fundamental when imagining the unimaginable. Certain skillsets/experiences are necessary; however, others can be developed along the way.
Required Qualifications:
  • Bachelor's degree in Mechanical, Manufacturing, Industrial or Electrical Engineering
  • 3-5 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, its development and application.
  • Practical knowledge of VA/VE techniques and strong financial awareness
  • Functional understanding of 3D CAD software (Creo Preferred)
  • Proficient in Microsoft office.
  • Travel up to 10%
Preferred Qualifications:
  • In-depth knowledge of Manufacturing processes (Casting, Stamping, Injection molding, extrusion, PCBA) and compatible materials.
  • Lean Six Sigma Green Belt Preferred.

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