Cost & Value Engineer - New Product Involvement

We are looking for a Cost & Value Engineer to join our team at Innomotics.

Your change engine.
Motors and drives are our business, redefining reliable motion from check-time per day to uptime per lifecycle, from simply on/off to everything smart in between. Our most powerful engine: more than 15,000 dedicated experts, doers, colleagues. For them, engineering the future means keeping businesses in motion – in e-motion. We are the “we” in power – and we can empower you.

15,000 and counting.
Are you looking for the stability of an established global player with the lean, innovative spirit of a mid-size hidden champion? That’s us! Are you looking to shape entire industries with a future-proof portfolio of more sustainable, energy efficient solutions? Deal, let’s go!

The role.
This position is responsible for early involvement during new product development as a cost and value engineer for Electrical and electronics commodities in Medium Voltage Drives and few other businesses such as High Voltage Motors etc.

Work scope is to focus on crafting cost visibility, defining target costs, total Cost of product/supplied good, finding cost saving measures, suggesting design changes for the best competitive edge of Innomotics’ products in market by competitor analysis (benchmarking).

Responsibilities:

• Responsible for generation of cost visibility at design stage itself- Cost Analysis and Optimization (CAO).
• Coordinate and collaborate with multi-functional teams to ensure that Design to Cost (DtC), Design to Value (DtV), and Eco-Robust-Design principles are considered early in the product development phase. Work closely with product designers and engineers to optimize product designs for cost efficiency and sustainability.
• Challenge requirements and propose design options and changes in system / components architecture (Dtx measures) to R&D and evaluate the related cost impact.
• Promote and drive Standardization and Harmonization to leverage pooling potentials
• Conduct Sprints / workshops for new products to generate design to cost, design to value, robust eco design ideas.
• Evaluation of new insights and monitor for implementation along with procurement engineers.
• Provide target cost for new products/ components
• Competitor analysis (benchmarking) – preparation of competitors BOM in reverse engineering way, along with cost position and design changes impact
• Ensure early involvement of right supplier along with procurement engineering (PE), build cost baseline and support in negotiating contracts or component costs.
• Be an active member of CVE community within Innomotics to build cost models to avoid repetitive work, finding innovative way to work and deliver projects and transfer knowledge.

 Your profile.

• Bachelor’s Degree in Electrical and Electronics Commodities, Industrial Engineering
• 10+ years long-term relevant working experience in product development, systems engineering, production engineering, procurement engineering or cost and value engineering for electrical and electronics commodities
• Proven track record in defining and implementing improvement measures
• Experience handling cost and value engineering activities, worked in manufacturing or process engineering, strategic sourcing, procurement.
• Experience handling mechanical commodities like EMS, power semiconductors, passive components, Transformers, relays and windings on PCB, cables and cable assemblies, Motor/Drives assembly process

The pay range for this position is $87,000 - $149,200. The actual wage offered may be lower or higher depending on budget and candidate experience, knowledge, skills, qualifications, and premium geographic location.

What we offer.
At Innomotics, we are committed to an ownership culture, in which every employee takes personal responsibility for our company’s success. We apply lean principles and seek to continually improve our processes and customers’ experience.

Why you’ll love working at #TeamInnomotics

• Competitive compensation based on qualifications
• Medical, dental, prescription and vision coverage, first day of employment
• Matching 401(k) (immediate employer match)
• Competitive paid time off plan, paid holidays, and floating holidays
• Career development opportunities
• Education and tuition reimbursement programs available
• Flexibility to work remote a few days a week
• Paid parental leave

Who designs your future? You do.

Make your mark in our exciting world. #JoinReliableMotion #TeamInnomotics

As an equal-opportunity employer we are happy to consider applications from individuals with disabilities.

Jobs at Innomotics - if you would like to find out more about jobs & careers at Innomotics.
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