Value engineer

Value Engineer

Experience:

8-12 years: Sr. Value Engineer

5-7 years -Intermediate Value Engineer

Location: Bangalore

Roles and Responsibilities

• Lead technical design reviews with a cost optimization lens, challenging assumptions and identifying savings opportunities early in the development cycle

• Develop and share cost optimization frameworks and tools that engineering teams can leverage independently

• Create design guidelines that embed cost consciousness into the engineering workflow

• Develop, maintain, and continuously improve dynamic cost models for mechanical components and assemblies across both NPI and sustaining engineering programs

• Own the MCBOM and ensure accuracy at every stage of product development, from concept through production

• Conduct should-cost analysis using industrial engineering principles: time studies, work content analysis, and process capability assessment

• Build parametric cost models that engineers can use to evaluate design trade-offs in real time

• Identify cost drivers and quantify the financial impact of design decisions with data-backed analysis

• Proactively identify and prioritize opportunities for cost reduction and cost avoidance across the mechanical product portfolio

• Plan, lead, and execute value engineering projects from concept to realized savings

• Drive cost optimization initiatives using industrial engineering methodologies — process mapping, waste elimination, and standardization

• Develop business cases and ROI analyses for proposed design and process changes

• Track and report project progress, realized savings, and cost avoidance metrics

• Partner with mechanical design engineers to influence cost-effective design decisions throughout the development cycle

• Collaborate with manufacturing engineering to optimize production processes and reduce labor content

• Work with quality and test teams to ensure cost optimizations do not compromise product performance or reliability

• Support sourcing during RFQ processes with detailed should-cost models and technical cost assessments

• Facilitate alignment between engineering, operations, and commercial teams on cost targets and trade-off decisions

Supplier and Manufacturing Process Expertise

• Conduct periodic supplier visits (up to 30% travel) to understand manufacturing processes, capabilities, and cost structures

• Apply industrial engineering principles to analyze supplier operations and identify improvement opportunities

• Challenge supplier quotes with detailed should-cost analysis grounded in process understanding

• Collaborate with suppliers on value engineering proposals and design optimization opportunities

• Assess manufacturing feasibility and cost implications of design alternatives

Minimum Qualifications

• Bachelor's degree in industrial engineering, manufacturing engineering, or mechanical engineering — industrial engineering strongly preferred

• 5+ years of combined experience spanning: industrial engineering (cost analysis, process optimization, time studies, work measurement); mechanical product design and development; high-volume manufacturing; cost modeling, should-cost analysis, and MCBOM management; and Lean/process mapping methodologies

• Proficiency with CAD software (SolidWorks, Creo, or similar) to evaluate designs and identify optimization opportunities

• Advanced analytical skills with Excel and cost modeling tools

• Excellent communication and coaching skills, with the ability to translate technical trade-offs into financial impact

• Strong cross-functional collaboration skills and ability to influence without direct authority

• Willingness to travel up to 30%, including international travel