Procurement Cost Engineer
Job description
We, at Leggett & Platt Incorporated, are searching for a Procurement Cost Engineer within our Procurement team to help support our Automotive business. Did you know we are the world’s leading designer and manufacturer of seating support and comfort systems for transportation manufacturers, as well as tier one and two suppliers within the automotive industry? That’s right! Our automotive products fall into four primary groups: Seating and Lumbar support, Motors, Actuators and Massage Systems. If you join our team, your work will ensure people across the world have a little more comfort in their lives.
As a Procurement Cost Engineer you will have the opportunity to develop global should-cost estimates for materials, components, assemblies and finished products using cost estimating tools. The team you will be working with is collaborative and innovative.
Key Responsibilities
1.Develop global cost estimates by either creating should-cost models or utilizing the company's cost estimating tool to evaluate materials, components, assemblies, and finished products across regions.
2.Analyze cost drivers including raw materials, labor, manufacturing processes, tooling, logistics, tariffs, and regional factors to determine expected supplier costs.
3.Support strategic sourcing by providing cost insights during RFQs, supplier selection, negotiations, and sourcing events.
4.Validate supplier pricing through comparison of supplier quotations against should-cost models, identifying variances and providing negotiation recommendations to support Category Management and Procurement strategies.
5.Maintain cost models and databases by updating estimating tool inputs, labor rates, material indices, commodity data, and cost assumptions.
6.Support Category Management/Procurement requests by identifying cost reduction opportunities through VA/VE, process improvements, material substitutions, and localization initiatives in collaboration with Engineering.
7.Monitor market trends including commodity prices, freight costs, inflation, exchange rates, and other factors affecting product costs and sourcing strategies
8.Develop and deliver cost analyses, reporting, market trend insights, and standardization opportunities that support Category Management strategies, sourcing decisions, and savings initiatives.
Key Requirements
1.2-4 years of experience in cost engineering, product costing, procurement, sourcing, manufacturing, or a related analytical role.
2.Experience developing should-cost models and performing cost analyses.
3.Experience supporting supplier negotiations, RFQs, sourcing decisions, and cost reduction initiatives.
What to Do Next
Now that you’ve had a chance to learn more about us, what are you waiting for! Apply today and allow us the opportunity to learn more about you and the value you can bring to our team. Once you apply, be sure to create a profile, and sign up for job alerts, so you can be the first to know when new opportunities become available. If you require assistance completing an application, please contact our team at careers@leggett.com
Our Values
Our values speak to our shared beliefs, and describe how we approach working together.
- Put People First reflects our commitment to safety and care of each other, learning and development, and creating an inclusive environment of mutual respect, empathy and belonging.
- Do the Right Thing focuses us on acting with honesty and integrity, delivering the results the right way, taking pride in our work, and speaking the truth – good or bad.
- Do Great Work…Together occurs when we engage without hierarchy, collaborate as a team, embrace challenges, and work for the good of all of us.
- Take Ownership and Raise the Bar demonstrates our responsibility to add value and make a difference, challenge the status quo and biases to make things better, foster innovative and creative solutions to drive impact, and explore new perspectives and embrace change.
Our Commitment to You
We're actively taking steps to make sure our culture is inclusive and that our processes and practices promote equity for all. Leggett & Platt is comprised of people of all abilities, gender identities and expressions, ages, ethnicities, sexual orientations, veteran status, and more. Join us!
We welcome and encourage applications if you meet the minimum qualifications. Even if you do not meet the preferred qualifications, we’d love the opportunity to consider you.
For more information about how we handle your personal data in connection with our recruiting processes, please refer to the Recruiting Privacy Notice on the “Privacy Notice” tab located at [external link]
Skills mentioned
Leggett & Platt, Incorporated is a diversified manufacturer that conceives, designs, and produces a wide range of engineered components and products found in many homes, offices, automobiles, and commercial aircraft. Founded in 1883 by J.P. Leggett and C.B. Platt, the company began with the invention of a spiral steel coil bedspring. This innovation laid the groundwork for what would become a global enterprise with a significant presence in various industries. Over its long history, Leggett & Platt has expanded its operations and product lines through organic growth and strategic acquisitions, establishing itself as a key supplier to numerous sectors. The company operates through several business segments, including Bedding Products, Specialized Products, and Furniture, Flooring & Textile Products. The Bedding Products segment supplies components and machinery used by bedding manufacturers, and also produces private label finished mattresses. The Specialized Products segment focuses on automotive seating comfort and convenience systems, aerospace tubing, and hydraulic cylinders. The Furniture, Flooring & Textile Products segment provides components for residential and work furniture, as well as flooring underlayment and industrial textiles. Leggett & Platt's commitment to innovation is evidenced by its extensive portfolio of patents, particularly in bedding technology. The company emphasizes vertical integration, controlling processes from raw material sourcing, like recycling its own steel and drawing wire, to manufacturing and distribution. With numerous manufacturing facilities and distribution centers across the globe, Leggett & Platt serves a broad customer base, including manufacturers of finished bedding, automotive OEMs, aerospace suppliers, and furniture producers. The company is headquartered in Carthage, Missouri, and has a substantial global workforce.
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