Value Engineer I

ESSENTIAL DUTIES AND RESPONSIBILITIES: This list of duties and responsibilities is not all inclusive and may be expanded to include other duties and responsibilities as management may deem necessary from time to time.-Lead strategic value engineering projects that support best total cost of product through quality, design, manufacturing process, and supply chain.- Lead the cross functional assessment of new project costs and capital investments.- Responsible for reporting and developing action items to support new product margins.-Prepare make / buy cost analysis and present to teams.-Conduct benchmarking events evaluating market value and should cost analysis.-Prepare reports for all levels of management as needed.-Develop and implement goals and initiatives consistent with company strategy.-Stay current and communicate inflationary market trends to senior management.-Create costed engineering BOM’s for cost comparisons.-Manage meetings with cross functional teams including customers and suppliers.-Create RFQ’s for supplier quotations and evaluate to make sure cost targets are achieved.-Audit system BOM for accuracy, and collaborate with engineering, manufacturing engineering, and supply chain to resolve discrepancies.-Participate in R & D development to incorporate new technology and innovative solutions.-Initiate Engineering Change Requests (ECR’s) to make changes to existing product to improve efficiency, quality, and cost.