What are the responsibilities and job description for the Product & Project Cost Engineer position at Fives Giddings & Lewis, LLC?
Summary
- The Product and Project Cost Estimator is responsible for estimating costs associated with Giddings & Lewis products and services. This role also involves maintaining the cost database, overseeing product cost reduction activities, and assisting with new product development costing.
Scope and Responsibilities:
Key duties include, but are not limited to the following:
- Main point of contact for requests from the internal sales group to provide a cost build up for standard OEM products, projects, and special feature requests. Provides accurate cost projections that support management's decision-making process. Analyzes project content and recommends changes to meet customer or project requirements.
- Administers Special Feature Request process including conducting SFR meetings with sales, engineering, purchasing, and other departments as appropriate. Maintains SFR database and facilitates updates as necessary. Creates timely, itemized, cost and delivery estimates for SFRs in conjunction with associated department representatives.
- Responsible for reviewing and maintaining costs in the quotation database regularly.
- Makes recommendations for improving product cost, e.g. vendor selection, standardization, or process change.
- Collaborates with engineering, technical sales, manufacturing, and purchasing.
- Requests proposals from vendors and/or purchasing as required.
- Responsible for the completion of the Formal Management Review (FMR) cost spreadsheet. Establishes project budgets and cash flow projections in the FMR for review and approval by the executive management team. Analyzes and evaluates project risks. Formulates and directs risk reduction activities.
- Uploads machine budgets into SAP.
- Participates in and provides analysis for product cost reduction initiatives.
- Works with engineering and management on new product development projects, attends meetings, assists with developing cost targets and reviews, and provides updates on actual cost performance compared to targets.
- Analyzes material and labor actual vs forecasted cost for booked machines and explains variances at monthly management cost review meetings.
- Documents current product costs, reports out on historical cost trends, and reviews cost savings or increases that could potentially impact the sales price of the product.
- Aware of ISO management systems 9001 and 14001.
Education and/or Experience:
- Bachelor's degree from a four-year college or university preferred; or 3 - 5 years related experience.
- Engineering or technical background desired.
