Responsibilities

- Lead and support cost engineering activities for current product development and existing product improvement projects.

- Develop and maintain detailed cost models, should-cost estimates, and cost breakdown structures for components, assemblies, and systems.

- Partner with engineering, category management, procurement, and manufacturing teams to identify and implement cost reduction opportunities.

- Analyze product designs, materials, manufacturing processes, and supplier quotations to assess cost drivers.

- Drive VAVE and design-to-cost initiatives through product teardowns without compromising safety, quality, reliability, or functionality.

- Support make-versus-buy analysis, supplier benchmarking, and cost comparison studies.

- Review drawings, BOMs, specifications, and process flows to estimate and validate product costs.

- Provide technical insights during supplier discussions, RFQs, and negotiation support activities.

- Track cost reduction projects, savings pipelines, and implementation status.

- Prepare reports, presentations, and recommendations for leadership and cross-functional stakeholders.

- Contribute to standard methodologies, tools, and processes for cost engineering excellence.

- Mentor junior engineers or team members on cost analysis methods and best practices when needed.

. Adherent to 100% QDC

Qualifications

- Bachelor’s degree in mechanical engineering, Industrial Engineering, Manufacturing Engineering, Electrical Engineering, or related field.

- 8-12 years of experience in cost engineering, value engineering,



product engineering, manufacturing engineering, or sourcing support.

Key Competencies:

- Strong understanding of manufacturing processes such as machining, sheet metal, casting, molding, welding, and assembly.

- Experience with product costing, should-cost analysis, and cost reduction methodologies.

- Ability to read and interpret engineering drawings, specifications, and bills of materials.

- Strong analytical and problem-solving skills.

- Proficiency with Excel and cost analysis tools like aPriori, TcPCM, etc

- Excellent verbal & written communication and collaboration skills across cross-functional teams.

- Attention to detail & data driven decision making

Preferred Competencies:

- Experience in HVAC, industrial equipment, automotive manufacturing environments.

- Familiarity with ERP, PLM and CAD tools

- Knowledge of lean manufacturing, value analysis/value engineering (VA/VE), and design-to-cost principles.

- Exposure to AI & data analytics tools (python, tableau)

- Experience working with global suppliers and cross-functional international teams.

- Prior experience leading technical initiatives or workstreams.

We offer competitive compensation and comprehensive benefits and programs. We are an equal opportunity employer; all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, pregnancy, age, marital status, disability, status as a protected veteran, or any legally protected status.

📌 Associate Tech Lead – Cost Engineering (Bengaluru)
🏢 Sourceo
📍 Bengaluru