Job Title: Cost Value Engineer / Procurment Engineer
Location: Oxford (12-Month Fixed-Term Contract, Hybrid After Initial Onsite Period)
Pay Rate: £26 – £40 per hour (DOE) (37 hours per week, Monday to Friday)
About the Company:
A global engineering organisation is seeking a technically skilled Cost Value Engineer to support procurement and engineering teams through all phases of the product lifecycle. The company delivers high-performance technology solutions with a focus on cost, quality, and manufacturability.
Role Overview:
You’ll provide technical cost analysis and value engineering support across procurement, suppliers, and R&D. Key responsibilities include leading cost optimisation projects, supporting design phases with cost estimation, and advising on manufacturing cost drivers. The role involves approximately 20% travel and requires full onsite presence for the first weeks, moving to hybrid working thereafter.
Key Requirements:
• Degree or equivalent in Mechanical or Industrial Engineering (HNC or BEng)
• Strong understanding of manufacturing techniques and associated cost drivers
• Experience in engineering or procurement, with supplier engagement background
• Skilled in cost analysis, value engineering, and target costing
• Knowledge of mechanical and electro-mechanical components and assemblies
Ideal Candidate:
• Confident communicator able to bridge engineering, procurement, and supplier discussions
• Analytical and detail-oriented with a focus on cost, quality, and design for manufacture
• Able to challenge assumptions and influence stakeholders to drive value