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SCM Costing Engineer

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Aptiv plc

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Location:
India , Chennai ▼

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Category:
Manufacturing

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Contract Type:
Not provided

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Salary:

Not provided
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Job Description:

As the Costing Engineer you will provide cost estimates, analyze and compare costs for the goods that are provided by the supply chain. Collect and analyze data and information in order to estimate costs associated with manufacturing and/or buying a product. Work proactively towards cost target objectives in collaboration with other stakeholders. Job holders in this role may take responsibility for a limited number of categories.

Job Responsibility:

  • Determine cost estimate targets during the design and development process, recommending cost effective solutions
  • Gather proposals, specifications and related documents and liaise with stakeholders in order to convert specifications to cost estimates for new and current products
  • Utilize costing methodologies, tools, appropriate software models and packages to prepare and maintain reliable and accurate data
  • Assess cost effectiveness of products and track actual costs relative to estimates and report status on a regular basis to ensure costs are in line with estimates / forecasts
  • Investigate and identify cost reduction opportunities through various cost analysis activities like Should Cost, LPP etc
  • Support all activities in cost estimating and take a proactive approach towards improvements
  • Liaise with stakeholders and support management decisions by providing appropriate cost information and data
  • Provide cost estimates during change process and advise on cost impact of changes
  • Work with stakeholders to ensure estimates are accurate and to make appropriate adjustments and resolve issues
  • Analyze supplier quotes and provide information and data, which aids communications with suppliers and customers and achieves cost optimization
  • Ensure supplier quotations meet ‘should cost’ estimates
  • Support supplier meetings and negotiations to challenge quotation prices and aim for cost optimization to meet target costs
  • Support and utilize experience to aid best practice in the supplier process in conjunction with members of the SCM team

Requirements:

  • Bachelors in engineering in Mechanical or Production/Manufacturing
  • Previous Experience of 5+ Years with min 2 years as Costing Engineer ideally in automotive industry
  • Knowledge and understanding of a variety of manufacturing/automotive processes and components and ability to evaluate and analyze associated costs
  • Demonstrated experience and technical knowledge of metal manufacturing processes (preferred)
  • Working knowledge of sourcing and procurement (preferred)
  • Good knowledge on IT systems including advanced Excel skills, Ideally experienced in using spreadsheets, cost models and cost management tools
  • Fluent in English, with an international mind set.

Nice to have:

  • Demonstrated experience and technical knowledge of metal manufacturing processes
  • Working knowledge of sourcing and procurement
What we offer:
  • Competitive compensation include : Bonus potential & Healthcare benefits
  • Learning and professional growth and development environment
  • Recognition for innovation and excellence
  • Opportunities to collaborate with global talents
  • Opportunities to give back to the community
  • Meaningful work that makes a difference in the world

Additional Information:

Job Posted:
February 20, 2026

Employment Type:
Fulltime
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