- Responsible for developing accurate and defensible cost models by analysing supplier manufacturing processes and cost drivers.
- Perform detailed cost gaps between supplier quotations and should-cost estimates to identify savings opportunities.
- Supporting strategic sourcing, negotiations, and cost-reduction initiatives across global, cross-functional teams.
- Prepare and present comprehensive analytical reports covering parts, assemblies, and finished products to support decision-making.
- Maintain effective communication and coordination with internal stakeholders and external suppliers/vendors.

Essential Skills:

- Proficiency in cost modeling tools such as Apriori, Costimator, or similar should-costing software.
- Experience in developing and applying Activity-Based Costing (ABC) methodologies to build detailed manufacturing cost models.
- Ability to establish and validate production cost estimates including tooling costs and process alternatives.
- Competence in breaking down manufacturing costs into key elements: Material, Labor, Overhead, Tooling & Yield / Scrap
- Ability to gather proposals, specifications, and technical documentation and convert them into structured cost estimates for new and existing products.




- Experience in analyzing supplier quotations and ensuring alignment with internal should-cost benchmarks.
- Solid ability to identify, quantify, and explain cost gaps between supplier pricing and internal estimates.
- Ability to investigate and drive cost reduction opportunities through detailed cost analysis and benchmarking.
- Strong analytical and numerical skills with the ability to research, compile, manage, and interpret large datasets.

Desirable Skills:

- Experience in value analysis, value engineering (VA/VE), and process optimization initiatives.
- Exposure to global sourcing environments and supplier cost benchmarking practices.
- Ability to prepare costing templates for components, assemblies, and finished products (preferably in Metals and Plastics).
- Experience contributing to cost monitoring, reporting systems, and trend analysis.
- Experience working closely with cross-functional teams including Purchasing, Engineering, Finance, and Manufacturing to support sourcing strategies.
- Good planning, interpersonal, and communication skills.
- Self-motivated, highly organized, and capable of working independently in a fast-paced environment.

📌 Should Costing Engineer (Hyderabad)
🏢 Ilensys Technologies
📍 Hyderabad