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Costing Engineer Specialist
2 weeks ago
We are seeking a detail-oriented and technically skilled Costing Engineer Specialist to join our manufacturing operation.
This role involves the interpretation of GA drawings and technical specifications, then preparing detailed project costings. Additionally, sourcing suppliers of technical componentry and project cost management amongst other things.
Duties
- Sourcing:
- Identify and evaluate suppliers of raw materials, componentry, equipment, and services in accordance with the General Arrangement Drawings and Technical Specifications.
- Negotiate best possible pricing without compromising quality standards.
- Conduct market research to stay informed about industry trends, new technologies, and suppliers.
- Costing Analysis:
- Prepare detailed project costings to allow salesforce to establish final build price.
- Prepare detailed technical specifications to accompany sales proposal and build contract.
- Monitor and report on pricing trends, cost changes, and market conditions (FX rate tracking).
- Work closely with designers, production, and sales teams to understand end-client's technical requirements and ensure sourcing aligns with client and production needs.
- Participate with cross-functional teams to prepare the costed bill of materials to hand off to procurement.
- Work closely with purchasing to ensure lead times coincide with build schedules.
- Work with the project team to ensure costs are contained within budget and any variation orders are recorded and costed accurately.
- Documentation and Compliance:
- Maintain accurate records of supplier contacts, pricing agreements, and procurement activities.
- Ensure all supplier contracts include detailed terms of negotiation, providing clear guidelines and compliance with terms and conditions.
- Ensure compliance with company policies and industry regulations regarding sourcing and procurement.
- Ensure records are properly filed to support clear audits or reviews in line with ISO and other applicable regulations.
- Recommend process improvements to enhance efficiency in sourcing and pricing strategies.
- Participate where applicable in training and development initiatives to stay updated on industry best practices.
- Contribute to cost-saving initiatives across technical sourcing and procurement processes.
