Conduct competitive benchmarking and product teardown studies.
Support New Product Development (NPD) teams in achieving target-cost objectives.
Recommend design, material, and process alternatives to improve product value.
Drive lifecycle cost reduction initiatives across existing product portfolios.
Cost Analytics & Digital Transformation
Maintain and continuously improve costing databases and benchmarks.
Utilize digital costing platforms such as
aPriori
Power BI
SAP
Advanced Excel-based tools
Support development of automated costing and AI-enabled analytics solutions.
Monitor commodity trends, inflation impacts, and regional manufacturing cost dynamics.
Leadership & Capability Development
Lead and mentor Cost Engineering team members.
Establish best practices and standard methodologies for cost modeling.
Support development of a Cost Engineering Center of Excellence.
Foster cross-functional collaboration across global stakeholder groups.
Drive continuous improvement and capability-building initiatives.
Required Qualifications
Education
Bachelor's Degree in Mechanical Engineering, Production Engineering, Manufacturing Engineering, Industrial Engineering, or related discipline.
Preferred
MBA (Operations)
Master's Degree in Engineering
PG Diploma in Business Management or Supply Chain Management
These qualifications align closely with successful profiles in the market.
Experience
15+ years of relevant experience in
Cost Engineering
Value Engineering
Strategic Sourcing
Procurement Engineering
Supplier Development
Manufacturing Engineering
Demonstrated experience in
Global sourcing environments
Cross-functional leadership
Supplier negotiations
Cost productivity programs
Product cost optimization
Critical Technical Competencies (Proficient)
Cost Engineering
Should Costing
Zero-Based Costing
Bottom-up Costing
Parametric Cost Modeling
Design-to-Cost
Cost Benchmarking
Cost Gap Analysis
Clean Sheet Costing
Manufacturing Expertise
Casting
Machining
Fabrication
Sheet Metal
Forgings
Plastic Injection Molding
Rubber Components
Electro-Mechanical Assemblies
Engineering Skills
Engineering Drawings
GD&T
Manufacturing Process Mapping
Product Cost Drivers
DFMA Principles
Quality & Supplier Development
APQP
PPAP
Supplier Audits
Process Capability Assessment
First Article Approval
Preferred Skills (Good to Proficient)
Strategic Procurement
Category Management
Commodity Strategy
Supplier Relationship Management
Contract Negotiation
Global Sourcing
Program Management
PMP Methodologies
Lean Six Sigma
Continuous Improvement
Data Analytics
Power BI
AI-enabled Cost Analytics
Commercial Acumen
Systems & Tools
aPriori
SAP
Power BI
Microsoft Excel (Advanced)
Microsoft Project
JDE (Preferred)
Creo
AI-assisted Cost Analytics Platforms
Key Success Metrics
Annualized cost savings achieved
Cost avoidance opportunities identified
Should-cost model accuracy
Supplier negotiation impact
Sourcing project savings
NPD target-cost achievement
Value Engineering program outcomes
Team capability development
Stakeholder satisfaction
Preferred Certifications
SAVE Certified Value Specialist (CVS)
PMP
Lean Six Sigma Green Belt / Black Belt
Operational Excellence Certification
Join the global Xylem team to be a part of innovative technology solutions transforming water usage, conservation, and re-use. Our products impact public utilities, industrial sectors, residential areas, and commercial buildings, with a commitment to providing smart metering, network technologies, and advanced analytics for water, electric, and gas utilities. Partner with us in creating a world where water challenges are met with ingenuity and dedication; where we recognize the power of inclusion and belonging in driving innovation and allowing us to compete more effectively around the world.
