The should cost engineer will be responsible for the development of part and product cost estimates working within a specialized team within the Supply Chain Management shared services center. The work will be process based, will deploy analytical models, and will involve close collaboration with business stake holders and subject matter experts.
"1. Build part and product costing models using internal and external sources of information
2. Run relevant software models to generate cost estimates
3. Validate cost estimates based on experience and working with subject matter experts
4. Should have worked in analysing Total Cost of Ownership of products.
5. Reporting and Analytics – Should have good experience on data analysis, report preparation and presentation to senior leadership."
Bachelor’s in engineering with 6-10 years of experience in Should Costing OR Masters with 4-6 years of experience
"• Must have strong knowledge of one or two of commodities like Machining, Forging, Sheet Metal, Mechanical Assemblies.
* Should be SME for one or more commodities
• Proficient in Design for Manufacturing Analysis (DFM), procurement processes, PPAP and GD&T, different types of raw materials & commodities
• Knowledge of statistical tools like Regression analysis etc. for target costing
• Should be an expert user of one of the should costing tool (Costimator, aPriori, Facton, PriceSystems)
• Hands on experience of using CAD tools (AutoCAD, ProE, SolidWorks)
• Strengthening relationship with commodity managers and stakeholders
• Build organizational capabilities by Training, Coaching to budding talents with Should cost
• Have close coordination with technology, manufacturing, sourcing, product management, and suppliers
• Establish & maintain a strong knowledge management database that can be leveraged for Sourcing decisions
• Ensure projects meet their financial & operational goals (KPIs) viz cost out, cost avoidance, productivity gain and on time & accurate deliveries.
• Communicates with the Supply Chain teams globally regarding opportunities in alignment with commodity/category strategies
• Partner with Engineering for should-cost analysis on NPI & VAVE Projects
• Should have hands-on experience in creating a robust knowledge management database for should cost
• Should be strong in Data analytics skill to get meaningful decisions made out of numbers
• Manage at a project level, initiatives requiring multiple cost inputs
• Work collaboratly and be able to communicate effectively globally
• Strong knowledge of MS Office tools (Word, Excel and PowerPoint)
• Ability to communicate clearly & effectively in person, via e-mail and over phone
• Executing activities and working autonomously with minimal direction
• Strong business acumen: Understanding how markets work
• Negotiation Skills
• 3D Printing
• Design Thinking
• Analytical Skills
• IoT
• Aptitude for Technology
• Commodity Strategies
• Fact pack/Gap analysis"
"• Verbal & Written Communicaton
• An individual with a strong sense of urgency
• An individual with a strong customer focus
• Accurate working with data analysis
• Hands-on to work with multiple tasks
• Quick response to deadlines
• Presentation Skills
• Business Communication
• Decision Making
• Drives Result"
Skills Required
- Bachelor's degree in engineering with 6–10 years of should-costing experience, or a master's degree with 4–6 years of experience
- Strong knowledge of one or more commodities, such as machining, forging, sheet metal, or mechanical assemblies
- Subject matter expertise in one or more manufacturing commodities
- Proficiency in Design for Manufacturing analysis, procurement processes, PPAP, GD&T, raw materials, and manufacturing commodities
- Knowledge of statistical methods, including regression analysis, for target costing
- Expert-level experience with at least one should-costing tool: Costimator, aPriori, Facton, or PriceSystems
- Hands-on experience with CAD tools such as AutoCAD, ProE, or SolidWorks
- Experience analyzing total cost of ownership
- Strong data analysis, reporting, presentation, and Microsoft Office skills
- Experience creating and maintaining a knowledge management database for should-cost analysis
- Experience managing initiatives involving multiple cost inputs and cross-functional stakeholders
- Strong communication, negotiation, analytical, decision-making, and business acumen skills
- Experience with 3D printing, design thinking, IoT, commodity strategies, and fact-pack or gap analysis
- Experience training or coaching developing should-costing professionals
Eaton Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Eaton and has not been reviewed or approved by Eaton.
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Healthcare Strength — Health coverage is described as comprehensive, spanning medical, dental, vision, prescription, life, and company‑paid disability, with HSAs/HRAs and wellness programs enhancing access and support.
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Retirement Support — Retirement offerings include a 401(k) with company matching alongside additional retirement contributions, with some sites also featuring pension and profit‑sharing components.
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Parental & Family Support — Paid parental leave for all parents, childbirth leave via short‑term disability for birth mothers, adoption benefits, and subsidized backup care signal strong family‑focused support.
Eaton Insights
What We Do
Planes. Hospitals. Factories. Data centers. Vehicles. The electrical grid. These are things people depend on every day. And the companies behind them depend on Eaton to solve some of the toughest power management challenges on the planet. Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic, and mechanical power – more safely, more efficiently, and more reliably. Eaton’s 2020 revenues were $17.9 billion, and we sell products to customers in more than 175 countries. We have approximately 92,000 employees.
Why Work With Us
At Eaton, we make what matters work—creating exciting new power management technologies that keep the world moving every day. We create an environment where creativity, invention and discovery become reality every day. It’s where bold, bright professionals can reach their full potential—and where they help us reach ours.
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