Engineer - Should Costing & BOM Costing

About Simpleenergy

Simpleenergy specializes in the manufacture of smart electric two-wheelers. We are a team of 300+ engineers coming together to make smart, supercharging, and affordable two-wheelers. The company was founded in 2019 and is based in Bangalore, India. Our mission is to build the future of mobility that is electric and connected. We at Simple energy are working towards accelerating by making them more accessible, affordable, secure and comfortable and we embrace the responsibility to lead the change that will make our world better, safer and more equitable for all.

Job description: Engineer - Should Costing & BOM Costing 
Location: Yelahanka, Bangalore

About The Gig

We are looking for a Costing Engineer with 1–3 years of experience in Should Costing, BOM Costing, and Cost Analysis. The candidate will be responsible for developing part-level cost estimates, analyzing supplier quotations, preparing detailed BOM costing, and supporting sourcing and procurement teams in cost negotiations.

What youll do

Prepare Should Cost Models for automotive and EV components based on raw material, process,
tooling, labour, overhead, and margin.
• Prepare and analyze BOM costing at part and assembly level.
• Analyze supplier quotations and identify cost gaps and cost drivers.
• Perform Raw Material (RM) cost calculations based on material grade, weight, scrap, yield, and
market prices.
• Calculate manufacturing process costs such as:

• Sheet Metal


• Injection Moulding


• Die Casting


• Machining


• Fabrication


• Plastic Components


• Assembly

• Evaluate cycle time, machine rate, labour cost, overhead, scrap, rejection, and process efficiency.
• Develop cost breakdowns and benchmark supplier prices against Should Cost.
• Support supplier negotiations by providing detailed cost analysis and target pricing.
• Conduct BOM variance and cost comparison between current and revised designs.
• Analyze VA/VE opportunities for cost reduction.
• Maintain and update RM price databases, process rates, labour rates, tooling costs, and overhead
assumptions.
• Support new product development (NPD) costing and engineering change cost impact analysis.
• Prepare monthly BOM cost comparison and cost reduction reports.
• Coordinate with Engineering, Procurement, Quality, Finance, and Suppliers for cost validation.
• Ensure costing data is accurately maintained in Excel/ERP systems.

What You Bring

Required Skills
• Good knowledge of Should Costing and Cost Breakdown Analysis.
• Good understanding of BOM structure and manufacturing processes.
• Strong knowledge of MS Excel, including Pivot Tables, VLOOKUP/XLOOKUP, SUMIFS, and basic costing
formulas.
• Understanding of raw material pricing and market trends.
• Ability to analyze supplier quotations and identify cost deviations.
• Basic knowledge of tooling and die/mould costing.
• Good analytical and negotiation-support skills.
• Knowledge of ERP/BOM systems will be an added advantage.
Qualification
B.E./B.Tech/Diploma in Mechanical, Production, Industrial Engineering, or related field.
Preferred Industry Experience
Experience in Automotive, EV, Auto Components, Sheet Metal, Plastic, Die Casting, Machining, or
Manufacturing industries will be preferred.
Key Performance Indicators (KPIs)
• Should Cost vs. Supplier Quote Accuracy
• BOM Cost Accuracy
• Cost Reduction / Cost Avoidance
• Supplier Quote Benchmarking
• Costing Turnaround Time
• RM & Process Cost Database Accuracy
• VA/VE Cost Savings