Cost Engineer
Company Summary: MGA Entertainment, a consumer entertainment Products Company headquartered in Chatsworth, California, manufactures innovative lines of proprietary products for the toy and consumer electronics market. The company also licenses its IP in such areas as apparel, home décor, stationery and sporting goods. The MGA family includes award-winning brands such as LOL Surprise, Little Tikes®, Project MC2, and Zapf Creation®. For more information please visit www.mgae.com.
Mission: Enable the Most Cost Effective Product to Meet Target Margin
|
Key Result Areas |
Time Utilization |
|
|
1. |
Product Specifications Review and Study |
25% |
|
2. |
Vendor Quotations Analysis and Negotiation |
30% |
|
3 |
Product Cost Estimation |
25% |
|
4. |
Identify Cost Drivers and support Product cost improvement |
10% |
|
5. |
Database Maintenance |
10% |
|
TOTAL TIME UTILIZATION |
100% |
|
Position Requirements
Education/Experience:
- Degree in Manufacturing, Industrial, Electronics or Textile Engineering or equivalent
- 3 to 5 years of solid experience in toy industry preferably at manufacturing field
- Experience in Production Engineering, Project Engineering and/or Costing
- More experience and years in the field can be considered as Senior grade
Skills/Knowledge/Ability:
- Understanding of toy design development and manufacturing process
- Aggressive, proactive, analytical mind, cost sensitive and well organized
- Have negotiation and good interpersonal skills
- Can Speak Cantonese and Mandarin is a plus
- Provide Product costing support to cross functional team.
Key Result Areas and Activities
Product Specifications Review and Study:
- Review and study all the details on Product Matrix, 2D / 3D drawings, model, components spec, deco callouts, PDB, R&G specification and associated information, ensure them to be quotable
- Participate in regular product status review meeting
Vendor Quotations Analysis and Negotiation:
- Review and follow up detailed quotations from vendors
- Keep track of design changes vs different version of quotations
- Search for the most cost effective suppliers on components
- Conduct cost comparison between vendors, against existing one and internal estimate or outside market in a presntatable manner
- Analyze quotations, identify cost improvement and negotiated area, devise overall approach for negotiation
- Conduct negotiation with vendors on all aspects of product cost
- Leverage a final cost and special offer from vendors
- Perform on-site factory visit to verify actual production, conduct time study as needed
- Provide support in Costing Software vendor management
Product Cost Estimation:
- Work on internal product cost estimate basing on the design and engineering input
- Conduct process estimate such as decoration count, process hours for various manufacturing process
- Conduct what if costing estimate for different design and engineering scenarios
- Get with components suppliers for competitive quotes
Identify Cost Drivers and support Product Cost Improvement:
- Analyze, identify cost drivers and cost overrun design
- Propose cost improvement area from manufacturing and product engineering perspective
- Prepare cost options and scenarios
- Participate in cross functional product cost improvement activities
Database Maintenance :
- Timely upload and maintain approved cost details
- Create Cost Material Breakdown (CMB) for Item Set up
- Costing Software data maintenance and data mining
- Other data maintenance as directed












