Cost Engineer

Descripción

Career Area:

Job Description:

Your Work Shapes the World at Caterpillar Inc.

When you join Caterpillar, you're joining a global team who cares not just about the work we do – but also about each other. We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here – we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.

Your Work Shapes the World at Caterpillar Inc.

When you join Caterpillar, you're joining a global team who cares not just about the work we do – but also about each other. We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here – we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.

About P&E Procurement:

Caterpillar’s E&T Procurement organization plays a critical role in supporting all divisions within Power and Energy. Our work is geared towards our pistons of Predictable Supply Excellence, Optimized Total Cost of Ownership, Supplier Relationship Management and Lifecycle Sourcing Strategy. We continue to develop suppliers who competitively deliver operational excellence, enabling our customers to build a better world. With a strong focus on data-driven decision-making and operational efficiency, E&T Procurement leverages advanced tools and processes to connect the physical and digital supply chain, enabling business units to deliver high-performance solutions that meet evolving customers and business needs.

Job Summary:
In this role you will be a key driver of cost competitiveness and margin performance for our Power and Energy business, leading supplier component cost targets for our products in India and across borders (included USA, UK, China etc.). This role operates at the intersection of suppliers, design control engineers, value chain engineering, and procurement category teams influencing design, sourcing strategy, and supplier engagement across both New Product Introduction (NPI) and production programs. If you are technically grounded and a commercially minded engineer who can translate manufacturing and design complexity into fact-based cost insights, challenge assumptions and deliver measurable financial results in a highly collaborative environment, then apply today!

What you will do:

• Lead advanced technical cost analysis and should-cost modeling for supplier components, identifying primary cost drivers across materials, manufacturing processes, labor, and overhead
• Establish and deliver component cost targets by performing gap analysis and driving cross-functional alignment to close cost gaps across NPI and production programs
• Influence supplier negotiations by partnering with Category Buyers to develop data-driven cost strategies, support fact-based discussions, and enable value-focused outcomes
• Collaborate with Engineering during NPI to influence design-to-cost decisions and educate stakeholders on manufacturability, scalability, and cost trade-offs across diesel and electrification technologies
• Engage directly with suppliers to identify and execute sustainable cost reduction opportunities while maintaining technical performance, quality, and delivery expectations
• Drive Value Analysis and Value Engineering (VAVE) through cost modeling, design for manufacturability, and leveraging suppliers’ capabilities
• Desirable knowledge of engine components such as cylinder blocks and heads, pistons, connecting rods, crankshafts, flywheels, and flywheel housings.
• The role requires strong knowledge of machining, casting, and forging processes for aluminium, steel, and cast iron.

What you will have:
Data-Driven Decision Making: Extensive knowledge of the data-driven decision-making process and associated tools and techniques; ability to gather and analyze data to make organizational decisions that align with strategic business objectives and goals.

Analytical Thinking: Extensive knowledge of techniques and tools that promote effective analysis; ability to determine the root cause of organizational problems and create alternative solutions that resolve these problems.

Interpersonal Relationships: Extensive knowledge of the techniques and the ability to work and communicate with a variety of individuals and groups in a constructive and collaborative manner while driving organizational priorities.

Cost-Benefit Analysis: Extensive knowledge of the principles and tools used in cost-benefit analysis; ability to analyze the purpose and scope of a producer, product, process, or project in terms of cost and benefits.

Additional Information:

This position can be located in Bangalore

This role will require 5-day-a-week in office presence.

Domestic travel up to 20% is required.

Domestic relocation assistance is offered for this position.

About Caterpillar

Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we have been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed.

This Job Description is intended as a general guide to the job duties for this position and is intended for the purpose of establishing the specific salary grade. It is not designed to contain or be interpreted as an exhaustive summary of all responsibilities, duties and effort required of employees assigned to this job. At the discretion of management, this description may be changed at any time to address the evolving needs of the organization.

Posting Dates:

Caterpillar is an Equal Opportunity Employer. Qualified applicants of any age are encouraged to apply

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