Position Summary

Position Summary The Cost Management Lead is responsible establishing, governing, and optimizing the end-to-end cost structure of new offers/products during the New offer lifecycle. The role ensures that new offers are launched within target cost, achieve profitability and meet business case commitments through close collaboration with Engineering, Procurement, Manufacturing, Supply Chain and Product Management teams. This serves as the single point of ownership cost competitiveness, target costing, value engineering, and financial viability of new offers from concept to industrialization.

Purpose of the Role

To ensure all current offers are developed, industrialized, and launched with competitive cost structures that meet market expectations, achieve target margins, and support sustainable business growth through disciplined cost management and value engineering.

Key Responsibilities

- Target Cost Management Define target cost based on market price, margin expectations, and business strategy. Establish cost objectives at product, subsystem, and component levels. Track cost performance throughout the development cycle.



Drive cost accountability across cross-functional teams
- New Offer Cost Development Develop detailed product cost models during concept, design, and industrialization phases- CSC derivation and evolution. Analyse BOM costs, manufacturing costs, logistics costs, and overhead allocations. Create should-cost models critical components and assemblies. Support pricing and business case development.
- Value Engineering Cost Optimization Identify and execute cost reduction opportunities. Facilitate Design-to-Cost Cost Management Certification Lean Six Sigma Certification

Experience

18 ~20 experience in: Product Costing, Cost Engineering, Industrialization, Manufacturing Finance, NEW Product or Offer Development Experience in industrial, electrical distribution, busway, switchgear, automation, automotive, or manufacturing environments preferred.

Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.

📌 Principal, Costing Engineer (Karnataka)
🏢 Schneider Electric
📍 Karnataka