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 engineeri...