Purpose of the Role

Cost Engineer is responsible to develop part level target costing, prepare detailed should cost estimate and apply it to achieve design to cost and source to cost; generate and syndicate cost reduction ideas through competition teardown, benchmarking, should cost analysis, VAVE, analytical levers etc and achieve aggregate cost reduction targets with engineering and purchase; work with vehicle module teams to achieve cost targets; cross deploy the ideas across TML needs; develop category specific key components or subassemblies knowledge repository covering competition, technology, products, manufacturing processes etc and apply it in developing cost models.

Job Responsibility

Develop target costing and establish detailed should cost estimates for the components (Casting ,Forging/ Body & Trims/ Proprietary Mechanical /Proprietary Electrical Cost and Tooling)
- Generate directional cost / reference cost / detail should cost targets for components based on various inputs available across product development stages




- Mature the directional/reference cost targets of the components to detail should cost as the design evolves.
- Independently create error free should cost models
- Develop tooling cost estimates using should cost / reference cost models for calculating tooling should-cost, and provide inputs for Capex target setting.
- Establish target cost for the components

Ensure/ deliver design to cost and source to cost targets achievements for the component targets of programs.
- Pursue component cost targets with engineering to achieve the design to cost targets for current programs
- Perform cost driver analysis, design cost analysis on components to achieve design to cost targets.
- Perform Supplier Quotation analysis with respect to should cost model and develop supplier negotiation fact pack for components.
Perform Linear price performance models and generate opportunities to improve cost performance
- Generate, provide valuation and syndicate

📌 Senior Manager-Cost Engineering-TMPV (Pune)
🏢 TataMotors
📍 Pune