Senior Should Costing Engineer

Responsibilities / Tasks

The Should Costing Specialist is responsible for developing detailed cost models for components, assemblies, and systems, providing fact-based cost transparency to support supplier negotiations, and driving cost optimization across the organization. The role works cross-functionally with Procurement, Engineering, Production and Finance teams to enable informed decision-making and promote cost awareness.

• Should Cost Analysis
• Develop and maintain should-cost models for components, assemblies, and systems.
• Analyze material costs, manufacturing processes, labor, tooling, logistics, and overheads.
• Use industry benchmarks, market analysis, and cost databases to derive accurate cost estimates.
• Support for Supplier Negotiations
• Identify cost drivers and cost-saving opportunities in supplier quotations.
• Provide detailed cost breakdowns to support procurement in negotiation strategies.
• Participate as a technical cost expert in supplier discussions, when required.
• Cost Transparency & Reporting
• Compare supplier prices and actual costs with internal target costs.
• Highlight deviations and conduct root cause analysis for cost variances.
• Prepare clear reports, cost comparison charts, and presentations for management and internal stakeholders.
• Cross-Functional Collaboration
• Collaborate closely with Procurement, Engineering, Production, and Controlling teams.
• Support decisions related to supplier selection, make-or-buy analysis, and technology choices.
• Act as an internal consultant on cost-related topics.
• Data Management
• Develop and maintain a centralized cost database for reference and future use.
• Ensure consistent documentation of calculation methods, assumptions, and results.
• Provide regular cost reporting and KPIs to management and stakeholders.
• Continuous Improvement
• Identify and implement best practices in should costing and cost transparency.
• Drive cost optimization initiatives and promote cost awareness across departments.
• Conduct internal training sessions on cost calculation and cost-saving methodologies.

Your Profile / Qualifications

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Skills Required

manufacturing processes , Ms Excel, Cost Analysis