Supplier Cost Engineering Specialist

Key Responsibilities

• Perform detailed cost analysis of supplier quotations to identify cost drivers across materials, labor, overhead, and profit margins
• Develop and maintain accurate cost models (should-cost models) based on industry benchmarks and technical inputs
• Support sourcing and procurement teams during supplier negotiations by providing cost-based insights and analysis
• Collaborate with engineering, finance, and product development teams to align product designs with cost targets
• Assess supplier manufacturing processes and operational efficiency to identify cost reduction opportunities
• Monitor raw material markets, labor rates, and macroeconomic trends affecting supplier pricing
• Drive cost transparency and continuous improvement initiatives across the supplier base
• Document and present findings, models, and recommendations to internal stakeholders