Engineer - IE Costing Roles and Responsibilities - Costing Prepare detailed product costing including BOM, labor, and overheads Conduct time study and work measurement for accurate labor costing Analyze cycle time, manpower utilization, and line efficiency Develop and maintain standard cost models for products Support RFQ/quotation with competitive and accurate costing Perform cost breakdown and margin analysis Identify cost reduction opportunities through process improvements Work on line balancing and productivity improvement initiatives Compare actual vs standard cost and perform variance analysis Support value engineering and localization activities Collaborate with production, planning, sourcing, and finance teams Update and maintain costing data in ERP systems Analyze impact of ECN changes on product costing Prepare MIS reports, dashboards, and cost analysis for management Drive continuous improvement initiatives to optimize cost and efficiency