Analyst, Value Analysis & Value Engineering

We are looking for an enthusiastic and dynamic team player who is passionate about cost optimization and engineering excellence. The ideal candidate will contribute their expertise in VAVE methodology, Should Costing, Product Teardowns, and Data Analysis, while collaborating with cross-functional teams across global projects.

This role offers an exciting opportunity to grow in a professional and supportive environment, explore new challenges, and enhance skills under the guidance of experienced professionals.

Key Responsibilities

• Support VAVE initiatives by conducting cost analysis and identifying cost optimization opportunities.
• Perform detailed cost breakdowns of components and assemblies to evaluate cost-saving potential.
• Identify opportunities for cost reduction through design changes, alternative materials, and process improvements.
• Conduct product teardowns and benchmarking studies to compare industry best practices and pricing trends.
• Work closely with engineering, procurement, and suppliers to validate cost structures and suggest improvements.
• Develop cost models and maintain cost databases using Excel, and TC PCM.
• Provide data insights by tracking cost trends and generating reports for decision-making.
• Maintain and update the VAVE savings funnel, ensuring continuous identification of cost-reduction opportunities.
• Assist in preparing presentations and reports, summarizing findings and recommendations for stakeholders.
• Awareness of ISO 14001 & 45001 Standards.
The role is based in our office in SP Infocity, Hadapsar, Pune – but it goes without saying that the hybrid working is a part of our modern ways of working.

Educational Qualification:

Bachelor’s degree in Mechanical or Production Engineering from a reputed university.    

Experience:

• 4-6 years of experience in Value Analysis/Value Engineering (VAVE) and Should Costing.
• Strong background in VAVE methodology, cost assessment, and identifying cost reduction opportunities through design, process, and supply chain optimization.
• Experience working cross-functionally with engineering, procurement and supplier teams.
Skill sets needed:

• Expertise in VAVE methodology – deep understanding of product teardowns, function cost analysis, benchmarking, and cost optimization techniques.
• Extensive experience in cost estimation, VAVE, and Should Costing.
• Proficiency in cost estimation software (e.g., TC PCM) and data analysis tools.
• Hands-on experience with Power BI, Excel (advanced), and data visualization for cost analysis.
• Strong analytical skills to assess supplier cost structures, LPP, identify inefficiencies, and propose design/process improvements.
• Ability to conduct market research, supplier benchmarking, and industry cost comparison.
• Problem-solving mindset and ability to work collaboratively in a cross-functional team environment.

Function: Engineering
Experience Level: Not Applicable