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Cost Engineer - 9585951

Peterborough

Our client has been a manufacturer of diesel engines and power solutions for over 85 years, to the highest levels of performance and reliability. They have grown to become one of the leading suppliers of diesel and gas engines in the power solutions market.

Due to their continued growth they are seeking a Cost Engineer to join the teams based in Peterborough on a contracting basis.

The objective of the Strategic Cost Management (SCM) team is to identify, evaluate and deliver projects that reduce the impact of material cost on all products produced within IPSD. This is done through the use and deployment of various cost management tools and close working relationships with other divisions of the business particularly purchasing, engineering and supply chain. Collaboration and engagement beyond local team is essential.

This role will involve exposure to many other areas of the business and making significant contribution to the year over year cost reduction and product cost targets set by the organisation

The primary focus of this position is the development of detailed component cost models and high level cost estimates for existing parts, new parts and competitor parts. Cost models account for all cost's drivers associated with the manufacture and supply of components.

The creation of models and estimates will involve the application of your existing manufacturing/engineering and product knowledge, or through detailed investigation of the desired process and technology. The completed analysis sets the baseline that will help identify cost reduction opportunities/projects for subsequent delivery through Strategic Cost Management or NPI teams

This role covers both current and New Product Introduction (NPI) programmes.

KEY RESPONSIBILITIES:

  • Form high level cost estimates using existing knowledge coupled with information derived from 2D drawings, 3D Solid model, material specifications, technical specifications, material type, part samples, component assessment forms (CAF's), process knowledge and supplier data.
  • Use the above to develop detailed component 'Should Cost' models from bottom up. Models are generated using dedicated software to process data, including: - manufacturing process, machine data, labour rates, commercial data, scrap rates.
  • Identify cost reduction opportunities after reviewing the incumbent suppliers operational process Vs 'Cost model' results
  • Work with project team to derive a targeted negotiation strategy based on Cost model data
  • Provide technical support to buyers during supplier negotiations
  • Undertake price change assessments prior to sign off to ensure value for money
  • Manage VA/VE (Value Added / Value Engineering) events and process optimisation workshops to identify cost reduction opportunities for delivery
  • Work with Design Engineering as a consultant to develop cost effective solutions

KEY COMPETENCIES:

  • Initiating Action and Leadership
  • Effective Communication skills - Written and Oral
  • Innovation
  • Technical / Professional Knowledge
  • Focus on Quality and continuous improvement

SKILLS & EXPERIENCE REQUIRED:

This is a great opportunity for someone who has experience in material cost management with a strong foundation in a range of manufacturing processes

Essential:

  • Strong knowledge of manufacturing processes and commercial cost drivers
  • Experience of managing multiple projects
  • The ability to demonstrate cross functional team work
  • Analysing and interpreting numerical data and reaching sound judgements and recommendations
  • Driving License as travel will be required
  • Proficient in Microsoft packages.

Rate: Offering up to £36.00 per hour based under Umbrella Co / Ltd Co

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Skills and experience

COST Engineer / Manufacturing

About RHL

RHL

Since 1977 we have been helping companies, leaders in their field globally, to find talented candidates for technical roles at all levels. If you are looking for a new career opportunity speak to one of our specialist sector consultants today.

Placing People First

RHL provide a value added quality service to both clients and candidates at all levels, in particular, at a time where skill shortages challenge us all on a global scale. Our ability to deliver is key not only to the success of our business but also that of our clients and to the candidates we place. We strive for continued success as trusted recruitment partners throughout the recruitment life cycle.

www.rhl.co.uk

Peterborough, England, United Kingdom, Europe

Position is an indication of the job position only. Exact location is not shown.

Details

  • Salary
    £28 to £36 per hour
  • Location
    Peterborough
  • Company
    RHL
  • Posted By
    Kellie Dance
  • Date Posted
    30/10/2019
  • Application Closing
    27/11/2019
  • Start Date
    30/10/2019
  • Job ID
    892743
  • Employer Reference
    248588D
  • Job Functions
    Engineering
    Manufacturing
  • Industries
    Automotive
    Mechanical or Industrial Engineering
  • Job Type
    Contract
  • Qualification Level
    Masters Degree
  • Home Working Possible?
    No
  • Estimated Job Duration
    (if contract or part-time position)

    6 months

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