COST ENGINEER

Position Purpose :

A Cost Engineer will support Woodward, Inc. with the cost impact and direction of existing and new product designs, as well as, any design proposal or change made to existing product(s). The individual will bring a wealth of manufacturing process and design knowledge to be able to influence the design of a product based on the cost analysis. This role will support the basis of developing the cost objectives and financial viability for new products as well as coordinating the development of product cost data with the various financial functions within the organization. The individual will be a resource for cost information for the entire organization (upper management, sourcing, marketing, sales, engineering, financial, manufacturing, etc). This position requires a low level of supervision.

Essential Functions :

• Interfaces with engineering, purchasing, manufacturing, and assembly and test to understand and communicate design to cost bill of material structure, cost requirements, and actions to be addressed by the project team.
• Performs cost analysis (aPriori) to identify potential cost reductions and recommend changes.
• Participates as a project team member in meetings and reviews, including PLC Gate meetings.
• Performs other product cost analysis and provides guidance as required.
• Provides Sourcing / Engineering / Manufacturing with Project / Product cost data as requested.
• Collaborates with designers and manufacturers to achieve desired cost objectives.
• Participates in cost reduction programs as required.
• Routinely updates management on status of projects.
• Supports company wide Should Cost modeling program implementation.

Other Essential Functions :

Knowledge Skills & Abilities :

Education :

Experience :

License & Certifications :

Show more

Show less

Skills Required

Cost Analysis, Project Management, Ms Office, manufacturing processes , Excel, supplier negotiations