Cost Engineer

General information:

Our 3,000-plus procurement and logistics employees work in more than 100 countries, to obtain and supply millions of products and services in over 200 categories from thousands of suppliers all 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, while optimizing 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. Our technology leadership continues to facilitate developments in areas such as ultra-high-voltage power 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 provide expert knowledge in cost analysis, manufacturing processes, material/supplier comparison etc. 
• Work proactively towards cost target objectives and sourcing strategy in collaboration with Strategic Buyers, Category Managers, NPI Teams and R&D. 
• Investigate and identify cost reduction opportunities through cost analysis review for 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 provide arguments with data to aid communication with suppliers and customers and achieve cost optimization. 
• You will support supplier meetings and negotiations to challenge prices and aim for cost reductions to meet target costs.
• You will support and utilize experience to aid best practice in the supplier process in conjunction with buyers.
• Take end to end responsibility for the full scope interacting with all internal and external 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/Material Sciences 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 and components 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, Flexibility to travel min 10%. 
• Excellent Analytical and communication skills.
• Fluent in English, other languages are a plus.