Cost Engineer

Profession (Job Category):

Customer Service & Contact Center Operations

Location:

Chennai, Tamil Nadu, India

Job ID:

R0084100

Date Posted:

2025-03-24

Company Name:

HITACHI ENERGY TECHNOLOGY SERVICES PRIVATE LIMITED

Job Schedule:

Full time

Remote:

No

Job Description:

Business Information:

“The Hitachi Energy Indian Operations Center (INOPC) is a competence center with around 2600+ skilled engineers who focus on tendering, engineering, planning, procurement, project Management, functional system testing, installation supervision, documentation and commissioning.”

Your responsibilities

• Lead all activities related to cost engineering within the assigned scope of work.

• Utilize cost methodologies, tools and appropriate software models and provide expert knowledge in cost analysis, manufacturing processes, material/supplier comparison etc.

• Work proactively towards cost target objectives and sourcing strategy in collaboration with Strategic Buyers, Category Managers, NPI Teams and R&D.

• Investigate and identify cost reduction opportunities through cost analysis review for new as well as existing parts/products.

• Maintain reliable and accurate data related to raw materials, processes, machines, labor rates etc. relevant to the scope of work.

• Requires knowledge of at least one Cost estimation software such as “aPriori”, PCS/PCM-Team Center, DFMA and SEER Tool-Galorath.

• Analyze supplier manufacturing process, infrastructure and quotes and provide arguments with data to aid communication with suppliers and customers and achieve cost optimization.

• Support supplier meetings and negotiations to challenge prices and aim for cost reductions to meet target costs.

• Support and utilize experience to aid best practice in the supplier process in conjunction with buyers.

• Take end to end responsibility for the full scope interacting with all internal and external stakeholders as required.

• Living Hitachi Energy’s core values of safety and integrity, which means taking responsibility for your own actions while caring for your colleagues and the business.

Your background

• A bachelor’s degree in mechanical/electrical & Electronics/Production/Material Sciences Engineering; master’s degree is a plus.

• 7 to 10 years in a similar industry or automobile or aerospace.

• Deep understanding of various cost models viz. Should Costing, Directional Costing, Linear Performance Pricing, Price History, Benchmarking etc.

• Knowledge and understanding of a variety of manufacturing processes and components and ability to evaluate and analyze associated costs.

• Work exposure to different supply regions such as China, India, Europe, and US.

• Good experience in Supplier assessments, workshops, and negotiations.

• Exposure to Design for Manufacturing would be an advantage.

• Ability to coordinate with cross-functional and cross-geographical teams; flexibility to travel min 10%.

• Excellent analytical and communication skills.

• Fluent in English; other languages are a plus.

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About the company

H-E Parts International offers solutions in support of surface mining equipment fleets, crushing and materials processing, and mobile construction equipment fleets.