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Commodity Specialist
Sensata Technologies
Changzhou, Jiangsu, China
Posted on Sep 4, 2024
The Cost Engineer seeks the optimum balance between cost, quality and time requirements with manufacturing/process engineering knowledge, cost estimating, cost control, cost forecasting, investment appraisal and risk analysis throughout product and design life cycle.
The objective of cost engineering is to arrive at accurate cost estimates and highlight cost drivers that unnecessarily increase cost. Cost Engineers help design engineers create designs for manufacturing feasibility and help suppliers select reliable and statistically capable manufacturing processes. The Cost Engineering discipline encompasses a wide range of cost-related aspects of engineering and cost management: cost estimating, cost analysis/cost assessment, design-to-cost, and risk assessment of product features that increase cost and time to market Production Part Approval Process (PPAP). Cost engineering is a cross functional discipline of business management, finance, design engineering, supply chain management and manufacturing engineering. Cost Engineers go well beyond cost estimates, and advise on tooling design, base material selection, purchase component selection, supplier selection and optimal manufacturing process.
Cost Engineers are dedicated to furthering the concepts of Total Cost Management (TCM). Total Cost Management is the effective application of professional and technical expertise to drive product designs towards, best cost, profitability and minimize time risk to product launch and PPAP completion. In other words, it is a systematic approach to managing cost throughout the life cycle of any product design, project, product or service. This is accomplished through the application of cost engineering and cost management principles, best practices and the latest technology in the selection of optimal manufacturing process.
The objective of cost engineering is to arrive at accurate cost estimates and highlight cost drivers that unnecessarily increase cost. Cost Engineers help design engineers create designs for manufacturing feasibility and help suppliers select reliable and statistically capable manufacturing processes. The Cost Engineering discipline encompasses a wide range of cost-related aspects of engineering and cost management: cost estimating, cost analysis/cost assessment, design-to-cost, and risk assessment of product features that increase cost and time to market Production Part Approval Process (PPAP). Cost engineering is a cross functional discipline of business management, finance, design engineering, supply chain management and manufacturing engineering. Cost Engineers go well beyond cost estimates, and advise on tooling design, base material selection, purchase component selection, supplier selection and optimal manufacturing process.
Cost Engineers are dedicated to furthering the concepts of Total Cost Management (TCM). Total Cost Management is the effective application of professional and technical expertise to drive product designs towards, best cost, profitability and minimize time risk to product launch and PPAP completion. In other words, it is a systematic approach to managing cost throughout the life cycle of any product design, project, product or service. This is accomplished through the application of cost engineering and cost management principles, best practices and the latest technology in the selection of optimal manufacturing process.
General Responsibilities
• Leads collaboration with functional areas to populate sourcing events, making decisions on sourcing event structure, supplier pool, selection criteria and event outcome criteria
• Leadsactivities as required cross-functionally, including Planning, Engineering, Quality, Programs, Finance, Legal and Manufacturing
• Leads in the continuous development of the Procurement function towards the best practices
• Responsible for the delivering of corporate aligned procurement objectives supporting total company strategic vision
• Lead with implementing communication strategies to ensure accurate and timely flow of information to upper management, business partners, and suppliers
• Lead in supplier risk assessments, risk management and disaster recovery planning
Experience / Qualifications
• A university degree required (i.e. Bachelors degree) or equivalent relevant work experience.
• Must be a team player able to work in a fast-paced environment with demonstrated ability to handle multiple competing tasks and demands
• Strong communication skills; oral, written and presentation
• Strong organization, planning and time management skills to achieve results
• Strong personal and professional ethical values and integrity
• Holds self-accountable to achieving goals and standards
• Proficient in Microsoft Office programs (Outlook, Word, PowerPoint, and Excel)
• Strong interpersonal & collaboration skills to work effectively with all levels of the organization including suppliers and/or external customers
Job Responsibilities Mechanical Cost Engineer
- Identify, manage, and realize cost reduction opportunities within the supply chain of mechanical components, and mechanical assembly processes, and required tooling investment
- Consolidate and establish cost reduction forecast for the annual plan, quarter and monthly financial update for make site and business division
- Set cost targets for New Business Opportunities (NBO), New Product Deployment (NPD) and Mergers & Acquisitions (M&A) as well as identify cost reduction opportunities for existing products
- Identify labor, material, and time requirements by analyzing supplier quotes, blueprints, 3D models, specifications, and related documents
- Support manufacturing process improvement projects to reduce cycle time, material usage, and manufacturing cost
- Proactively identify risk mitigation opportunities to improve manufacturability of mechanical components, and enable manufacturing process improvements
- Subject matter expert and mechanical process engineer leader on new product development global project teams
- Ensures correct material/components are used in design according to product/component specifications
- Collaborate with suppliers and contract manufacturers to ensure processes are capable, have enough controls in place to meet our cost targets
- Evaluate Sensata’s and supplier’s technical capabilities including, tooling design, build experience, maintenance program, processes and process controls, cell automation – if required, quality control systems, and process knowledge for mechanical assembly processes
- Develop and execute cost engineering process for Sensata globally, including the development of should cost models, as well knowledge sharing with coworkers and customers in cost engineering best practices
- Lead software automation improvements in aPriori, SharePoint, Power BI and projects like virtual RFQ project
- Collaborate with buyers, quality engineers, SPMs, and PMTs to select the best suppliers based on on-time delivery, quality and cost
- Key participant in activities as required cross-functionally, including Planning, Engineering, Quality, Programs, Finance, Legal and Manufacturing
- Responsible for the continuous development of the Procurement function towards the best practices
- Delivers corporate aligned procurement objectives supporting total company strategic vision
- Key participant in supplier risk assessments, risk management and disaster recovery planning
- Leads cross functional teams in support of RFQ & RFI Process and supplier selection
- Collaborate to define sourcing strategy for optimum mechanical assembly cost
- Job Requirements Mechanical Cost Engineer
- An engineering degree and 8 years of experience (i.e. Bachelors degree) or a graduate degree and 5 years of experience (i.e. Masters degree).
- Minimum 1 years of practical experience in process engineering developing cost analysis for Automated Mechanical Processes, Metal, Stamping, Molding, Plating.
- Manufacturing engineering expertise in assembly lines, conveyors, robots, solders, pick and places, robots, packing and air-powered machines
- Ability to lead, coach, and develop junior engineers and procurement team members
- Extensive knowledge of product, design, manufacturing processes and procedures, including Design for Manufacturing (DFM).
- Proficient in Excel financial cost modeling and cost estimating software like aPriori
- Working knowledge of cost estimating methods: bottoms-up, analogous, three-point, factor, parametric, equipment factor, etc.
- Proficient in reading 3D models (Solidworks, STEP, Pro-Engineer, aPriori) and component drawings
- Analytical skills to review and interpret data and make recommendations regarding costs
- Strong communication skills: verbal, written and technical presentations
- Strong organizational skills and the ability to successfully coordinate and complete multiple tasks within established and changing deadlines
- Demonstrated successful performance with independent problem solving
- Strong personal and professional ethical values and integrity
- Proficient in Microsoft Office programs (Outlook, Word, PowerPoint, and Excel)
- Strong interpersonal & collaboration skills to work effectively with all levels of the organization including suppliers and/or external customers
- Must be a team player able to work in a fast-paced environment with demonstrated ability to handle multiple competing tasks and demands
- Holds self and others accountable to achieving goals and standards
- Moderates the efficient and effective planning and organization of the activities to timely deliver total product/design cost objectives with highest quality
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