Cost Engineer

Caterpillar Caterpillar · Industrial · Bangalore, Karnataka

Cost Engineer role focused on supplier component cost targets for Power and Energy business, involving technical cost analysis, should-cost modeling, and influencing design and sourcing strategies. Requires collaboration with engineering, procurement, and suppliers to achieve cost competitiveness and margin performance.

What you'd actually do

  1. Lead advanced technical cost analysis and should-cost modeling for supplier components, identifying primary cost drivers across materials, manufacturing processes, labor, and overhead
  2. Establish and deliver component cost targets by performing gap analysis and driving cross-functional alignment to close cost gaps across NPI and production programs
  3. Influence supplier negotiations by partnering with Category Buyers to develop data-driven cost strategies, support fact-based discussions, and enable value-focused outcomes
  4. Collaborate with Engineering during NPI to influence design-to-cost decisions and educate stakeholders on manufacturability, scalability, and cost trade-offs across diesel and electrification technologies
  5. Engage directly with suppliers to identify and execute sustainable cost reduction opportunities while maintaining technical performance, quality, and delivery expectations

Skills

Required

  • technical cost analysis
  • should-cost modeling
  • cost drivers
  • gap analysis
  • cross-functional alignment
  • supplier negotiation
  • data-driven cost strategies
  • design-to-cost
  • manufacturability
  • scalability
  • cost trade-offs
  • cost reduction opportunities
  • technical performance
  • quality
  • delivery expectations
  • Value Analysis and Value Engineering (VAVE)
  • machining
  • casting
  • forging processes
  • aluminium
  • steel
  • cast iron
  • Data-Driven Decision Making
  • Analytical Thinking
  • Interpersonal Relationships
  • Cost-Benefit Analysis

Nice to have

  • engine components such as cylinder blocks and heads, pistons, connecting rods, crankshafts, flywheels, and flywheel housings