5 plus years of experience as a Cost Engineer in a manufacturing environment
Venteon Finance is currently seeking a Purchasing Cost Engineer for a leading manufacturing company located in the Detroit, MI area. The Purchasing Cost Engineer is responsible for leading and owning cost estimation activities across all programs, with periodic support of sourcing activities and a strong focus on electronic component cost analysis. This role serves as the functional owner and subject matter leader responsible for building and maintaining a cost model for purchased components, related tooling, and raw materials.
Requirements of the Purchasing Cost Engineer
Bachelor Degree in Business, Finance, Purchasing, Supply Chain Mgmt, Engineering or related business emphasis
MBA or advanced degree is a plus
5+ years of experience in building and maintaining purchased component & tooling cost models for mechanical and electronic components.
5+ years in a manufacturing environment (preferred)
Experience in identifying and supporting cost savings negotiations
Experience preparing and presenting cost reports & analysis to Senior Management levels
Expertise with RFQ processes and benchmarking costs
Experience working cross functionally with Product Engineering, Finance, Supply Chain, Purchasing and Manufacturing to validate supplier costs
Experience in areas similar to ADAS, EV/HEV, HUD s
Experience coordinating with project management
Responsibilities of the Purchasing Cost Engineer
Building and maintaining component cost model for mechanical and electrical components as well as component tooling.
Identify cost savings opportunities within purchased commodities by proactively analyzing cost drivers and partnering with the Commodity Buyer team to achieve cost reductions.
Serve as the lead for all TCO submissions for purchased components across all customer RFQ.
Collaborate with Engineering, Manufacturing and Quality on new product designs, and investigate new technical partners as needed for support development with a strong focus on early supplier involvement for new products and customer quotes.
Support the Commodity Buyer team for sourcing activities on new awarded programs.
Monitor raw material and component industry trends for early detection of cost opportunities and risks.
If you are a high performer and would like to work for an equally high performing company and you think the above opportunity is appropriate for you, we invite you to apply to this job and email your resume to bray@venteon.com.
We treat all resumes with strict confidentiality. We will always contact you first before submitting your resume to our client(s) for review. If you do not receive correspondence, you are not a fit for this position.
At Venteon, our talent acquisition team is proud to provide our clients with the most qualified Accounting & Finance, Engineering and IT talent in the industry today
