Purchasing Cost Engineer

Are you looking to work for a company that provides an innovative work environment, and your voice is heard?


We are looking for a Purchasing Cost Engineer with a focus on Electronics to work in Auburn Hills. This is a direct opportunity with our client.

The Purchasing Cost Engineer is responsible for leading and owning cost estimation activities across programs, with periodic support of sourcing activities and a strong focus on electronic component cost analysis. This role serves as the functional owner and subject matter leader responsible for building and maintaining a cost model within for purchased components, related tooling, and raw materials. This position is responsible for establishing, maintaining and continuously improving Cost Models for purchased components, related tooling and raw materials. The Purchasing Cost Engineer will partner closely with Costing team, Product Engineering, Commodity Buyers (domestic and international), and Supply Chain to proactively ensure Total Cost of Ownership (TCO) is identified at a component level, supporting sound sourcing and program decisions. In addition, this role will actively engage in supplier quotation activities to support customer Request for Quote (RFQ) responses ensuring cost assumptions are accurate, competitive, and aligned with strategic objectives. This position also provides strategic leadership by collaborating with Advanced Engineering, to identify and assess potential suppliers for emerging technologies allowing early development of procurement cost models on emerging technology.

Building and maintaining component cost model for mechanical and electrical components as well as component tooling

Identify cost savings opportunities within purchased commodities by proactively analyzing cost drivers and partnering with the Commodity Buyer team to achieve cost reductions.

Serve as the lead for all TCO submissions for purchased components across all customer RFQ

Collaborate with Engineering, Manufacturing and Quality on new product designs, and investigate new technical partners as needed for support development with a strong focus on early supplier involvement for new products and customer quotes.

Support the Commodity Buyer team for sourcing activities on new awarded programs

Monitor raw material and component industry trends for early detection of cost opportunities and risks.

REQUIREMENTS

Bachelor Degree in Business, Finance, Purchasing, Supply Chain Mgmt, Engineering or related business emphasis

MBA or advanced degree is a plus

Work requires at least + years related work experience (Automotive Industry Tier preferred)

+ years of experience in building and maintaining purchased component & tooling cost models for mechanical and electronic components

+ years in a manufacturing environment (preferred)

Experience in identifying and supporting cost savings negotiations (Negotiation acumen preferred)

Experience preparing and presenting cost reports & analysis to Senior Management levels

Technical ability, preferably with electronics

Expertise with RFQ processes and benchmarking costs

Experience working cross functionally with Product Engineering, Finance, Supply Chain, Purchasing and Manufacturing to validate supplier costs

Experience in areas similar to ADAS, EV/HEV, HUD's

Experience coordinating with project management

Experience working with interdisciplinary teams and remote team

Experience with VA/VE methodologies and processes

Experience and knowledge in financial analysis, including forecasting & budget management

Knowledge of Campfire software (preferred)

Experience negotiating and operating in different cultures and working under pressure

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