Cost Engineer

Job Title: Cost Engineer
Contract Type: Contract
Location: Peterborough, Cambridgeshire
Salary: Dependant on Experience
Start Date: ASAP
Reference: 1807-9_1530693077
Contact Name: Chris Doyle
Contact Email:
Job Published: July 04, 2018 09:31

Job Description

Sitec has a requirement for an experienced Cost Engineer with a history in design or manufacture engineering being desirable. This is an estimated 12 month contract role based in Peterborough.

This is an excellent opportunity to work for a world famous brand in a challenging and exciting role.

The objective of the Cost Engineer working within 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 Caterpillars Energy and Transportation divisions. 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 be based in Peterborough but will specifically support the Caterpillar Energy Solutions engines facility in Germany, it will also  involve exposure other areas of the business and will make significant contribution to the year over year cost reduction and product cost targets for the Caterpillar Energy Solutions facility and the Energy and Transportation group.

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 costs 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 of the Cost Engineer:

• 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 etc
• Identify cost reduction opportunities after reviewing the incumbent suppliers operational process end to end then finalising ‘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 of the Cost Engineer:
• Initiating Action and Leadership
• Effective Communication skills – Written and Oral
• Innovation
• Technical / Professional Knowledge
• Focus on Quality and continuous improvement

This is a great opportunity for someone who has experience within material cost management and a strong foundation in a range of manufacturing processes
• 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 judgments and recommendations
• Driving  License  as travel will be required
• Proficient in Microsoft packages.
• Educated  to a degree level or relevant work experience
• Good product knowledge
• Strong ‘ working’ knowledge of Excel
• German language