Cost Estimation Engineer

Cost Estimation Engineer – Cost Engineering & Strategic Sourcing

Location: Coimbatore, Tamil Nadu
Experience: 5+ Years
Function: Sourcing / Cost Engineering
Travel: Domestic travel to suppliers and manufacturing partners
Joining: Immediate
Reports To: Head – Sourcing / Operations

About the Role

Inticore Engineering is looking for a Cost Estimation Engineer who can combine manufacturing expertise, cost engineering and commercial thinking to establish competitive and defensible component costs.

This role will be responsible for developing should-cost models, analysing supplier quotations, benchmarking manufacturing costs, supporting sourcing negotiations and driving cost-reduction initiatives across Inticore's manufacturing partner network.

The ideal candidate will be someone who understands not only what a component costs, but why it costs what it does — from raw material and process cycle time to tooling, machine utilisation, labour, overheads, logistics and supplier margins.

Key ResponsibilitiesCost Engineering & Should Costing

• Develop bottom-up should-cost models for automotive and engineering components.
• Build detailed cost structures covering BOM, raw material, process, labour, machine, tooling, overhead, logistics and supplier margin.
• Analyse manufacturing cycle times, material utilisation, process yields and cost drivers.
• Validate supplier quotations against target costs, benchmarks and market intelligence.
• Establish reliable target-cost and cost-breakdown models for sourcing decisions.

Manufacturing Process Costing

Perform cost analysis across key manufacturing processes including:

Casting: Die Casting, Sand Casting
Metal Forming: Forging, Stamping, Deep Drawing
Machining: CNC Turning, Milling and Multi-operation Machining
Fabrication: Welding, Assembly and Surface Treatment
Plastics & Rubber: Injection Moulding, Overmoulding, Compression Moulding and Extrusion

Supplier Benchmarking & Sourcing

• Benchmark supplier pricing across regional and global manufacturing sources.
• Support RFQ analysis, supplier evaluation and sourcing decisions.
• Prepare fact-based cost breakdowns to strengthen supplier negotiations.
• Identify cost gaps, inefficiencies and opportunities for supplier competitiveness.
• Evaluate localisation, alternate sourcing and manufacturing footprint opportunities.
• Participate in supplier and manufacturing-partner discussions as the cost-engineering representative.

VA/VE & Cost Reduction

• Drive Value Analysis / Value Engineering (VA/VE) initiatives.
• Identify opportunities through design-to-cost, process optimisation, material substitution and localisation.
• Develop annual cost-reduction and productivity improvement opportunities.
• Conduct teardown and benchmarking studies where required.
• Translate technical opportunities into measurable commercial savings.

Commodity & Market Intelligence

• Track movement in steel, aluminium, copper, engineering plastics and other key commodities.
• Monitor labour, energy, freight and regional manufacturing cost trends.
• Maintain current cost benchmarks to support pricing, budgeting and sourcing decisions.

Digital Cost Engineering

• Develop and maintain cost databases, costing templates and historical benchmarks.
• Improve costing processes through Excel, ERP/SAP, Power BI and analytics tools.
• Support development of automated and AI-enabled costing and benchmarking systems.
• Prepare management dashboards and cost-engineering reports.

Candidate Profile

• Bachelor's or Master's degree in Mechanical Engineering or a related discipline.
• 5+ years of experience in Cost Engineering, Cost Estimation, Manufacturing Engineering, Value Engineering or Strategic Procurement.
• Experience in automotive OEMs, Tier-1 suppliers, auto-component manufacturers or engineering MSMEs preferred.
• Strong practical understanding of manufacturing processes and cost drivers.
• Demonstrated experience in should-costing, supplier quotation analysis, BOM costing and cost breakdowns.
• Exposure to supplier negotiations and commercial decision-making will be an advantage.

Key Skills

Should Costing | Cost Engineering | Cost Estimation | BOM Costing | Target Costing | Manufacturing Costing | Supplier Cost Benchmarking | RFQ Analysis | Cost Breakdown | VA/VE | Design-to-Cost | Teardown Analysis | Strategic Sourcing | Supplier Negotiation | Commodity Cost Analysis | Cost Reduction | Excel | ERP/SAP | Power BI | Cost Analytics

Why Join Inticore?

Join a growing engineering and manufacturing ecosystem where cost engineering directly influences sourcing, pricing, supplier strategy and business growth. This is an opportunity to build a scalable cost-engineering capability across a diverse network of manufacturing partners and contribute to data-driven and AI-enabled manufacturing transformation.

Pay: ₹50,000.00 - ₹60,000.00 per month

Benefits:

• Cell phone reimbursement
• Flexible schedule
• Health insurance
• Leave encashment
• Paid time off
• Provident Fund

Work Location: In person