Costing Engineer

DEPARTMENT OVERVIEW

SCM plays a critical role in optimizing costs, sourcing suppliers, and ensuring efficient material flow to support production and profitability. Responsible for strategic procurement, cost analysis, supplier negotiations, lead time management, and on-time delivery scheduling to drive competitive advantage and operational excellence.

ROLES & RESPONSIBILITIES

1. Cost Estimation & Analysis
   - Conduct "should-cost" analysis to benchmark fair pricing
   - Analyze and compare supplier quotes to ensure competitive pricing
   - Develop detailed cost models for products based on materials, labor, overhead, and manufacturing processes
   - Identify cost-saving opportunities through design improvements, material substitutions, and process optimizations
2. Sourcing & Supplier Negotiation
   - Source and evaluate suppliers for materials, components, and services
   - Negotiate pricing, lead times, and payment terms to achieve cost efficiency
   - Request and analyze quotes from suppliers, ensuring compliance with technical and commercial requirements
3. Support & Documentation
   - Monitor actual costs vs estimated costs and investigate variances
   - Support Sales and Business Unit teams in preparing competitive quotations
   - Maintain accurate records of cost estimates, supplier quotes, and price trends

SKILLSET(S) REQUIREMENT

• Excellent communication and negotiation skills
• Analytical mindset with strong problem-solving skills
• Experience in supplier sourcing, RFQ processes, and negotiation
• Proficiency in cost estimation tools, Excel, and ERP systems (e.g., BC, SAP)
• 3+ years of experience in costing, procurement, or manufacturing engineering
• Good knowledge of manufacturing processes and materials (metals, granites, composites, etc.)

ATTRIBUTES

A strong work ethic, dependability and responsibility, possessing a positive attitude, motivated to grow and learn.

WORK EXPERIENCE

Preferably with a minimum of 3 years of working experience in Contract Manufacturing (CM).

QUALIFICATIONS

Candidate must possess at least a Bachelor's Degree in Engineering and/or any other related technical field of study.