Costing Engineer

Stanley Black & Decker
Shanghai
Workplace: OnsiteFull timeFunction: Finance & AccountingSkills: ["Analytical thinking","Data analysis","Problem-solving","Cross-functional collaboration"]

Own project costing from RFQ through quotation support, defining target costs and performing should-cost analysis on sub-supplier pricing to identify unreasonable premiums. Deep-dive supplier quotes and cost drivers, evaluate cost-effectiveness of localization alternatives, and support VAVE initiatives to reduce manufacturing costs via design, materials, and process improvements. Track cost fluctuations with finance, run variance analysis (actual vs. standard), drive corrective actions, and maintain product cost competitiveness through benchmarking and teardown studies.

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Stanley Black & Decker
Stanley Black & Decker
1 day ago

Costing Engineer

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Source: Company careers pageValidated by: Fursa AI
Last checked: 1 hour agoStatus: Live

Job Summary

Own project costing from RFQ through quotation support, defining target costs and performing should-cost analysis on sub-supplier pricing to identify unreasonable premiums. Deep-dive supplier quotes and cost drivers, evaluate cost-effectiveness of localization alternatives, and support VAVE initiatives to reduce manufacturing costs via design, materials, and process improvements. Track cost fluctuations with finance, run variance analysis (actual vs. standard), drive corrective actions, and maintain product cost competitiveness through benchmarking and teardown studies.
Location: Shanghai
Workplace: Onsite
Employment Type: Full time
Job Function: Finance & Accounting
Seniority: Mid level

Key Responsibilities

  • •Participate in project RFQ processes, including technical review and cost/analysis support.
  • •Define target costs and issue quotation proposals to support sales in winning project sourcing.
  • •Run should-cost analysis to validate sub-supplier costs and uncover unreasonable premiums.
  • •Support procurement negotiations with technical and data insights from supplier quote deep-dives and cost reduction opportunities.
  • •Track cost fluctuations with finance, perform variance analysis (actual vs. standard), and drive corrective actions.

Key Requirements

  • •Support RFQ processes with technical review and cost/quotation analysis for project sourcing.
  • •Perform should-cost analysis to verify and analyze sub-supplier costs and identify unreasonable premiums.
  • •Conduct deep-dive reviews of supplier quotes and identify cost reduction opportunities across process and materials.
  • •Assess cost-effectiveness of localization alternatives for imported/high-priced components.
  • •Lead or participate in VAVE projects to cut manufacturing costs through design optimization, material substitution, and process or mold improvements.
Experience:ManufacturingProcurementSupplier cost analysisCost benchmarking
Skills:Analytical thinkingData analysisProblem-solvingCross-functional collaboration

Company Brief

Stanley Black & Decker
Designs and manufactures hand tools, power tools, storage products, and industrial equipment for professional, industrial, and consumer customers. The company also provides engineered fastening, security, and infrastructure solutions through a portfolio of well-known brands.
Industry: Manufacturing
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: New Britain, United States
Founded: 2010
Glassdoor
Glassdoor: 3.5
Website