Engineer
What you'll do:
The should cost engineer will be responsible for the development of part and Electrical product cost estimates working within a specialized team within the Supply Chain Management shared services center. The work will be process based, will deploy analytical models, and will involve close collaboration with business stake holders and subject matter experts.
"1. Subject matter expert in should costing of Electrical Parts like Switches, Motor, Sensor, electrical assemblies
2. Good knowledge of Manufacturing process of Electrical components & Manufacturing process
3. Should have knowledge of costing of Plastic, Stamping, Machining & casting parts.
4. Build part and product costing models using internal and external sources of information to support Electrical category goals
5. Be the single point of contact for Commodity leaders to drive Total Cost of Ownership of Electrical products.
6. Act as a Subject matter expert and validate cost estimates based on experience and ensure first time right.
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7. Have close coordination with technology, manufacturing, sourcing, product management and suppliers
8. Build the category Strategy roadmap & plan of action to maximize cost outs
9. Establish & maintain a strong knowledge management database which can be leveraged for Sourcing decisions.
10. Supporting to bridge the gaps between the Commodity leads and the teams and drive as one team.
11. Drive the Supplier Negotiations to support Category managers and successfully realize the savings.
12. Shall be responsible for cost out conversion using the Should cost tool and also shall be responsible for ideating many VAVE ideas and getting cost out on the same too.
13. Ensure regular governance with the stakeholders to identify the gap and provide support to ensure that the opportunities identified are realized into savings
14. Should be strong in Data analytics skill to get meaningful decisions made out of numbers
15. Manage at a project level, initiatives requiring multiple cost inputs
16. Work collaboratly and be able to communicate effectively globally
17. Ensure projects meet their financial & operational goals (KPIs) viz cost out, cost avoidance, productivity gain and on time & accurate deliveries.
18. Establish robust capability monitoring mechanism for all the critical process and product parameters.
19. Partner with Engineering for should cost analysis on NPI & VAVE Projects Also, lead various initiatives in initiating VAVE ideas by the team to be submitted till approval and implementation
20. Drive digital tools & customize digital platforms to enhance productivity.
21. Good exposure to data analytics, process automations, macros, etc.
22. Should increase category coverage to manage Eaton's Top Spend"
Qualifications:
Bachelor's in Electrical Engineering OR Masters
BE with 6-10 years of experience OR Masters with 7-9 years of experience in Manufacturing Industry
Should cost experience of minimum 1-3 years
Skills:
Good communication and networking skills
Perks and Benefits
Health and Wellness
- Health Insurance
- Health Reimbursement Account
- Dental Insurance
- Vision Insurance
- Life Insurance
- Short-Term Disability
- Long-Term Disability
- FSA
- HSA With Employer Contribution
- Fitness Subsidies
- On-Site Gym
- Pet Insurance
- Mental Health Benefits
- Virtual Fitness Classes
Parental Benefits
- Birth Parent or Maternity Leave
- Adoption Assistance Program
Work Flexibility
- Flexible Work Hours
- Remote Work Opportunities
- Hybrid Work Opportunities
Office Life and Perks
- Casual Dress
- On-Site Cafeteria
Vacation and Time Off
- Paid Vacation
- Paid Holidays
- Personal/Sick Days
- Leave of Absence
- Summer Fridays
Financial and Retirement
- 401(K) With Company Matching
- Performance Bonus
- Relocation Assistance
- Financial Counseling
Professional Development
- Tuition Reimbursement
- Promote From Within
- Mentor Program
- Shadowing Opportunities
- Access to Online Courses
- Internship Program
- Work Visa Sponsorship
- Leadership Training Program
- Associate or Rotational Training Program
Diversity and Inclusion
- Diversity, Equity, and Inclusion Program
- Employee Resource Groups (ERG)