Lead Cost Engineer

Job Title

Lead Cost Engineer

Job Family

Job Description

What starts with YOU , moves the world!

Hyster-Yale Group, Inc. (HYG), a world-class manufacturer of industrial lift trucks, has an outstanding opportunity for an exceptional and talented Lead Cost Engineer at our Greenville, NC Headquarters office . Here at (HYG) we are always looking for new talent with curiosity and drive to join our team. We offer a variety of career opportunities in engineering, manufacturing, sales, marketing, finance and more.

What you will do

• The Lead Cost Engineer will be responsible for managing the development and sourcing of new products from concept to launch.

• The ideal candidate will have exposure with costing principles, procurement, and product design to enable the individual to work cross-functionally with various project teams and suppliers to ensure parts are sourced at the lowest cost at the right supplier.

• Act as a Liaison between product design and the supply base to ensure designs are manufacturable and that parts are sourced with suppliers that match their core competencies.

• Have exposure to multiple types of manufacturing processes and understand how these processes are applied to a given part design. They will have a passion for understanding how things are manufactured at how to procure parts at a fair cost.

Who you are

• An energetic, highly motivated leader who can work in a fast-paced environment and will have a positive influence as a leader.

• Responsible for working with preferred suppliers on new projects assuring proper agreements are in place. (i.e., project development agreement, non-disclosure agreements)

• Assure parts are sourced with preferred supply base. Work with Strategic Sourcing Manager on alternate sourcing solution, where capability is not available in the preferred supplier list.

• Develop proactive escalation plans to avoid project derailment.

What you will need

• Bachelors Degree in Industrial / Mechanical / Manufacuring Engineering, Industrial Technology, or a related discipline

• 5+ years of successful Engineering operations / Manufacturing / Project Management experience

Skills, Experience & Abilities

• The incumbent must be a strong communicator, with diverse groups of people throughout HYG's global operations, under stressful conditions, and must have good organizational skills regarding work priorities and project-management requirements. MS Office

• Strong Project management skills

• Must be able to influence critical elements and activities within the project and be capable of reporting "unpopular" and / or controversial positions to project and procurement management.

• Diplomacy and negotiation skills must always be exercised, even in difficult situations. This individual must be capable of effectively handling multiple projects and being able to provide detailed cost-benefit analysis to back sourcing decisions made in support of the projects being managed.

• Demonstrated ability to develop target costs, identify key cost drivers and to use tools and methods in tracking and validating part costs.

• Skill in negotiating and communicating with suppliers and internal stakeholders

• Ability to read and understand engineering drawings and specifications.

• Competence in the using Microsoft applications.

• Ability to work independently.

• Strong communication, and interpersonal skills.

Supplier Engagement

• Take leadership role in developing part should costs and negotiating with suppliers to achieve targets.

• Engage preferred suppliers on new projects new part development and ensure proper agreements are in place (e.g., development agreements, and non-disclosure agreements).

Development Center Support:

• Act as a liaison between the supplier and product design to ensure designs are manufacturable and designed at the lowest cost.

• Lead should-cost activities utilizing standard costing methodology

• Manage part design changes with suppliers from initial sourcing through start of production.

• Develop and validate target costs for components utilizing data such as quotes, competitive benchmark data or should-cost analysis.

Sourcing Activities

• Manage procurement/sourcing activities with strategic suppliers in accordance with defined cost targets, budgets, and project timelines. Provide status updates to leadership.

• Develop supplier risk management strategies for new product launches.

• Manage procurement of components during all phases of development.

Project Management

• Communicate global project strategies and risk mitigation plans to Product Engineering, Manufacturing, and Supply Chain, and Supplier Quality Engineering.

• Develop proactive escalation and mitigation plans as necessary to achieve project objectives.

• Provide recommendations in support of product development gated review processes.

• Create and manage project budgets for supplier tooling, prototype parts, and additional procured components.

Who we are

HYG designs, engineers, manufactures, markets, and services a complete range of application-tailored lift trucks, attachments and fuel cell solutions that are transforming the way the world moves materials. As a global leader in the Materials Handling industry, HYG have been building relationships with our customers, suppliers, dealers, and employees for over 90 years.

What we offer

Hyster-Yale Group offers competitive pay, tuition reimbursement, supportive work environment, hybrid work option, and opportunities for growth and development. A full benefits package: paid time off; medical, dental, vision, and life insurance, employer-sponsored profit sharing and 401(k).

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#HYBRID

Job ID

0869

Employment Type

Full time

Work Hours

40

Travel Required

Primary Location

HYG US Greenville, NC (Plant)

Address

5200 Martin Luther King Jr Hwy

Zip Code

27834

Field-Based

No

Relocation Assistance Available

No

We are an equal opportunity employer with an excellent benefit package including medical, dental and life insurance, 401(k) and profit sharing.

EOE/Minorities/Females/Veterans/Disabled