Cost Engineer

General information:

Our 3,000-plus procurement and logistics employees work in more than 100 countries, to obtainand supply millions of products and services in over 200 categories from thousands of suppliersall over the world. Our goal is to create a supply base that works as an extended enterprise,creating value through continuous improvement in quality, technology, and logistics, whileoptimizing cost and sustainability.
Hitachi Energy's High Voltage Products team provides products which help enhance the safety,reliability and efficiency of power networks while minimizing environmental impact. Ourtechnology leadership continues to facilitate developments in areas such as ultra-high-voltagepower transmission, enabling smart grids and enhancing eco-efficiency.

Your responsibilities:

• You will lead all activities related to cost engineering within the assigned scope of work.
• Utilize cost methodologies, tools and appropriate software models and provideexpert knowledge in cost analysis, manufacturing processes, material/suppliercomparison etc.
• Work proactively towards cost target objectives and sourcing strategy incollaboration with Strategic Buyers, Category Managers, NPI Teams and R&D.
• Investigate and identify cost reduction opportunities through cost analysis reviewfor new as well as existing parts/products
• Maintain reliable and accurate data related to raw materials, processes, machines,labor rates etc. relevant to the scope of work
• Requires knowledge of atleast one Cost estimation software's such as aPriori,PCS/PCM-Team Center, DFMA and SEER Tool-Galorath
• Analyze supplier manufacturing process, infrastructure and quotes and providearguments with data to aid communication with suppliers and customers andachieve cost optimization.
• You will support supplier meetings and negotiations to challenge prices and aim for costreductions to meet target costs.
• You will support and utilize experience to aid best practice in the supplier process inconjunction with buyers.
• Take end to end responsibility for the full scope interacting with all internal andexternal stakeholders as required.
• Living Hitachi Energy's core values of safety and integrity, which means taking responsibility for your own actions while caring for your colleagues and the business.

Your background:

• A bachelor's degree in mechanical/ electrical & Electronics / Production/MaterialSciences Engineering, master's degree is a plus.
• Required 7 to 10 years in similar industry or automobile or aero space
• Deep understanding of various cost models viz. Should Costing, Directional Costing,linear Performance Pricing, Price History, Benchmarking etc.
• Knowledge and understanding of a variety of manufacturing processes andcomponents and ability to evaluate and analyses associated costs.
• Work exposure to different supply regions such as China, India, Europe and US
• Good experience in Supplier assessments, workshops and negotiations,
• Exposure to Design for Manufacturing would be an advantage.
• Ability to coordinate with cross functional and cross geographical teams, Flexibilityto travel min 10%.
• Excellent Analytical and communication skills.
• Fluent in English, other languages are a plus.