Position: Value Engineering Lead
Location: RTP, North Carolina
100% onsite
Job Summary:
Bachelor's degree in mechanical engineering or equivalent and 8-12 years of Electromechanical Product and Supply Chain experience
Execute VAVE/Cost Reduction/Cost Optimization projects
Coordinate with internal & external stakeholders & Cross functional teams
Participate in internal & external meetings and reviews
Conduct peer reviews
Ensure milestone deliveries as per project schedule and with quality
Update project status and any important info/issue to relevant stakeholders in timely manner
Ensure successful completion of project with customer review and acceptance/feedback.
Experience and Skills Required:
Experience or awareness of VAVE (Value Engg.) methodology
Product overview and understanding of scope, constraints, expectations, Mfg region, Annual volume etc.
Costed BOM Analysis (Multi-level BOM)
Physical/Digital Product Teardown (Stripping down product to lowest level i.e., child-part level)
Understanding functions of each part/sub-assembly, features and associated costs
Conduct brainstorming/ideation sessions for generating cost reduction ideas
Ideas screening and ranking Remove duplicate/impractical ideas and rank remaining ideas on certain parameters
Technical evaluation of ideas (design/material/process change etc.)
Cost saving estimation for ideas Savings per part and annualized savings
Ability to study 3D Models and 2D drawings and other Engg. data
Ability to study and analyze Design requirements, Materials, Manufacturing Processes and identify Cost drivers
Hands on Design/CAD experience in parts made by Sheet Metal/Casting/Molding/Fabrication/Machining etc.
Good understanding about above manufacturing processes
Good communication and presentation skills
Good in MS Excel (Data analysis, Charts, Pivot Tables, VLOOKUP etc.)
Experience with tools like FAST diagram, functional block diagram, Pareto charts, 5Why technique etc. will be an added benefit