Senior Product Cost Engineer
3 days ago
Alcobendas
ENERPAC TOOL GROUP – Who we are? Enerpac Tool Group Corp. is a premier industrial tools, services, technology, and solutions provider serving a broad and diverse set of customers in more than 100 countries. The Company makes complex, often hazardous jobs possible safely and efficiently. Enerpac Tool Group’s businesses are global leaders in high pressure hydraulic tools, controlled force products, and solutions for precise positioning of heavy loads that help customers safely and reliably tackle some of the most challenging jobs around the world. The Company was founded in 1910 and is headquartered in Milwaukee, Wisconsin. Enerpac Tool Group common stock trades on the NYSE under the symbol EPAC. For further information on Enerpac Tool Group and its businesses, visit the Company's website at . Summary – basic function of the role We are looking for an experienced Senior Product Cost Engineer to help establish and develop Enerpac’s Product Cost Engineering capability. This is a strategic, hands-on engineering role focused on identifying and delivering sustainable product cost reductions, supporting supply chain savings initiatives, and embedding Design-to-Cost principles throughout the product lifecycle. Combining strong mechanical engineering expertise with a commercial and analytical mindset, you will lead complex Value Analysis / Value Engineering (VAVE) initiatives across Enerpac’s product portfolio. You will identify cost reduction opportunities through product redesign, component standardization, material optimization, alternative manufacturing processes, and supplier solutions, while ensuring product performance, quality, safety, and reliability are maintained. Working closely with Engineering, Supply Chain, Category Management, Operations, and suppliers, you will challenge existing designs and specifications, develop technically robust cost-down solutions, and support their implementation through engineering change and validation processes. As the first dedicated resource within this capability, you will also play an important role in establishing Product Cost Engineering tools, methodologies, and best practices that can be scaled across Enerpac globally. Job Duties and Responsibilities • Identify, develop, and lead engineering-led product cost reduction opportunities across existing product portfolios., • Lead VAVE projects from opportunity identification and concept development through validation, engineering change, and implementation., • Develop cost-down concepts through product redesign, component standardization, material optimization, alternative manufacturing processes, and supplier solutions., • Analyze product designs, BOMs, manufacturing processes, and specifications to identify key cost drivers and optimization opportunities., • Build technically robust business cases and quantify potential and realized cost savings., • Establish cost as a key engineering design parameter and support the implementation of Design-to-Cost principles., • Define and monitor cost targets at component, subsystem, and product level., • Promote Design for Manufacture and Assembly (DFMA) principles across product development and engineering activities., • Facilitate structured VAVE and cost reduction workshops with Engineering, Supply Chain, Operations, and other key stakeholders., • Partner with Category Management and Supply Chain teams to provide technical support for supplier re-sourcing and savings initiatives., • Evaluate alternative materials, suppliers, components, and manufacturing processes while assessing associated technical and commercial risks., • Generate engineering concepts, calculations, drawings, specifications, and product modifications as required., • Manage engineering changes through established product development, PLM, validation, and release processes., • Ensure proposed changes maintain required safety, regulatory, quality, reliability, and product performance standards., • Support product testing, validation, and qualification activities associated with cost reduction initiatives., • Build and maintain a prioritized pipeline of VAVE and cost optimization opportunities., • Develop Product Cost Engineering tools, templates, metrics, and methodologies, including should-cost and cost modelling approaches., • Track implemented initiatives and support validation of realized savings., • Help establish Product Cost Engineering as a scalable global technical capability within Enerpac. Skills and Competencies • Strong mechanical engineering and product design capability within an industrial or manufacturing environment., • Demonstrated ability to identify and deliver measurable product cost reductions., • Strong knowledge and practical application of VAVE, Design-to-Cost, DFMA, and product cost optimization methodologies., • Strong understanding of manufacturing processes, ideally including several of the following:, • Machining, • Casting, • Forging, • Fabrication, • Injection molding, • Hydraulics, • Assembly processes, • Supplier manufacturing methods, • Strong CAD capability; Creo experience preferred., • Good understanding of BOM structures, product configuration, and engineering change management., • Ability to analyze manufacturing and product costs and develop technically and commercially robust business cases., • Strong analytical, structured problem-solving, and root cause analysis skills., • Strong Excel and data analysis capability., • Ability to challenge established designs and assumptions using technical evidence and commercial reasoning., • Strong cross-functional collaboration and stakeholder management skills., • Ability to influence effectively without direct authority., • Strong communication skills with the ability to work across Engineering, Operations, Supply Chain, Category Management and supplier organizations., • Results-oriented approach with a strong focus on implemented and realized savings., • Comfortable working within a global organization across multiple regions and cultures., • Fluent English. Desirable skills: • Windchill PLM., • DFMA or product cost modelling software., • Power BI., • Lean Manufacturing and/or Six Sigma methodologies., • Should-cost modelling experience. Education and Experience • Bachelor's degree in Mechanical Engineering, Manufacturing Engineering, or a related engineering discipline., • Minimum 7 years of relevant experience in mechanical product design, manufacturing engineering, value engineering, product cost engineering or a closely related field., • Proven experience delivering measurable engineering-led product cost reductions., • Demonstrated experience leading Value Analysis / Value Engineering (VAVE) or cost optimization projects., • Experience with mechanical product design and development within industrial equipment or manufactured products., • Experience with engineering change management and product release processes., • Experience evaluating suppliers, manufacturing processes, materials, and alternative technical solutions., • Demonstrated experience working across Engineering, Supply Chain, Manufacturing, and Operations functions., • Experience within industrial equipment, hydraulics, automotive, machinery, engineered products, or similar manufacturing environments would be advantageous. Diversity Statement We are committed to recruiting, hiring, training, and promoting qualified people of all backgrounds, and make all employment decisions without regard to any protected status. We will ensure your application is fairly considered and if hired, you will have an equitable opportunity to give your best at work, not because we’re required to, but because it’s the right thing to do. Enerpac Tool Group will provide reasonable accommodations within the application process upon your request as required to comply with applicable laws. If you have a disability and require assistance in this application process, reach out to our Talent Acquisition Team for additional information. If you’re looking for a unique, exciting career with variety and potential for growth, Enerpac Tool Group offers challenges & extraordinary rewards for people on a global scale. #J-18808-Ljbffr
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