Cost Engineer / Process Improvement Engineer

Job Summary :

We are seeking a detail-oriented and analytical Cost Engineer to join our dynamic team. The Cost Engineer will be responsible for identifying and implementing cost-saving initiatives without compromising product quality and performance. This role involves working closely with cross-functional teams to analyze manufacturing processes, materials, and product designs to reduce costs and improve efficiency.

Key Responsibilities :

• Cost Reduction Initiatives : Identify opportunities for cost reduction through analysis of production processes, materials, and product designs.
• Process Improvement : Develop and implement process improvements to enhance efficiency, reduce waste, and lower production costs.
• Product Design Optimization : Work with the design and engineering teams to recommend changes in product designs that can achieve cost savings.
• Supplier Management : Collaborate with the procurement team to identify cost-effective suppliers and negotiate better terms and prices for materials and components.
• Value Engineering : Conduct value engineering analyses to ensure that products are manufactured at the lowest possible cost while maintaining quality and functionality.
• Data Analysis : Utilize data-driven approaches to evaluate cost performance and track the effectiveness of cost-saving initiatives.
• Benchmarking : Perform benchmarking studies to compare costs with industry standards and identify best practices.
• Reporting : Prepare detailed reports and presentations on cost-saving initiatives, their impact, and progress toward cost reduction goals.
• Cross-Functional Collaboration : Work closely with other departments such as R&D, Quality, Production, and Finance to ensure alignment and support for cost reduction strategies.
• Compliance and Standards : Ensure that all cost reduction activities comply with company policies, industry standards, and regulatory requirements.

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