Job Summary

The Product Cost Leader is responsible for 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 required profitability and meet business case commitments through close collaboration with Engineering, Procurement, Manufacturing, Supply Chain and Product Management teams.

Responsibilities

- Current Offer Cost Development Develop detailed product cost models during concept, design, and industrialization phases- CSC derivation and evolution.
- Analyse product designs, manufacturing processes, and cost drivers to achieve product cost targets.
- Support pricing and business case development.
- DCMP utility and analysis
- Value Engineering
- Cost Optimization
- Lead cost optimization initiatives before product launch.
- Evaluate supplier quotations and negotiate cost improvement opportunities.
- Manufacturing Cost Assessment
- Evaluate manufacturing processes and conversion costs (MBC, DVC)
- Support industrialization teams in identifying productivity improvements.
- Analyse labour content, machine utilization, tooling, and capex requirements
- Key Deliverables
- Cost Breakdown Structure
- Cost Risk Opportunity Cost Review
- Presentations




- Business Case Study
- AOC during Cost Evolution

Technical Competencies

- Cost Management
- BOM Cost Analysis, Manufacturing Process Costing.
- Strong analytical and problem-solving skills.
- Ability to collaborate and influence cross-functional teams
- Curiosity to understand both the technical and financial aspects of a product
- Strong business acumen
- Digital Tools: Advanced Excel, DCMP, AI tools for costing

Experience

- Product Costing, Cost Engineering, Industrialization, Manufacturing Finance, New Product or Offer Development

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. Role: Application Engineer, Industry Type: Electrical Equipment, Department: Production, Manufacturing & Engineering, Employment Type: Full Time, Permanent Role Category: Engineering Education UG: Any Graduate PG: Any Postgraduate read more

Key Skills AutomationSupply chainProduct managementAnalyticalLabourProduct costingProduct launchValue engineeringManufacturing processConcept design

📌 Senior Engineer I, Costing (Bengaluru)
🏢 Schneider Electric
📍 Bengaluru