Job Title: Value Engineering Lead
Bangalore, KA, IN, 560048
The successful candidate will work closely with engineering, operations, manufacturing, quality, and product management teams to identify, evaluate, and implement sustainable cost-saving opportunities throughout the product lifecycle.
Key Responsibilities
Cost Reduction Leadership
· Lead value engineering initiatives across existing product lines to improve gross margin and profitability.
· Develop and maintain a pipeline of validated cost-reduction projects aligned with annual business objectives.
· Quantify projected and realized savings and provide regular progress updates to management.
· Support strategic margin improvement programs across multiple product families.
Design-Based Value Engineering
· Analyze product designs, BOMs, assemblies, and drawings to identify opportunities for material optimization, component standardization, part count reduction, design change, manufacturer change and/or manufacturing efficiency improvements.
· Apply Design for Manufacturing (DFM) and Design for Assembly (DFA) principles to reduce product cost.
· Partner with mechanical, electrical, firmware, and software engineers to implement design improvements.
· Drive redesign projects that maintain or improve performance while reducing overall lifecycle costs.
Cross-Functional Collaboration
· Work closely with global engineering teams in the US, Europe, Mexico, and India.
· Collaborate with operations and manufacturing teams to identify labor reduction and productivity opportunities.
· Support product rationalization and platform standardization strategies.
· Participate in product design reviews and provide value engineering recommendations during development.
Business Analysis
· Conduct cost-benefit analyses and develop business cases for proposed changes.
· Evaluate manufacturing and assembly costs to identify improvement opportunities.
· Monitor implementation effectiveness and verify realized savings.
· Develop metrics and dashboards to track VA/VE performance.
Qualifications
Required
· Bachelor's degree in Mechanical Engineering, Industrial Engineering, or related technical discipline.
· 5+ years of engineering experience in product development, manufacturing engineering, sustaining engineering, or value engineering.
· Strong understanding of industrial product design and manufacturing processes.
· Experience interpreting engineering drawings, schematics, and BOM structures.
· Strong analytical and problem-solving skills.
· Experience working with ERP and PLM systems.
· Excellent communication and collaboration skills.
Preferred
· Experience with industrial instrumentation, sensors, transmitters, automation products, or process measurement equipment.
· Knowledge of PCB assemblies, electromechanical systems, castings, machined components, plastic parts, and sheet metal fabrication.
· Familiarity with Design for Manufacturing (DFM) and Design for Assembly (DFA) methodologies.
· Experience supporting global engineering organizations.
· Lean Manufacturing or Six Sigma certification is a plus.