Costing Engineer in Yardley

EP Group is a global packaging manufacturer with production facilities across Europe and South East Asia. We specialise in a range of paper and plastic based packaging products, selling to many of the world's largest retailers including Marks & Spencer, Amazon and McDonalds.
We have an opportunity for a Sourcing Costing Engineer who will be responsible for developing and maintaining accurate, data-driven product cost models to support EP Group's global sourcing and commercial strategies.
Working closely with suppliers, the role will develop detailed “ Should Cost ” models across core and high-spend product categories, analysing raw material costs, manufacturing processes, labour, overheads and other operational costs to establish competitive and transparent product cost benchmarks.
The role will also coordinate and manage the end-to-end tender process on behalf of the Sourcing & Procurement team, ensuring effective planning, execution and communication between Category Managers, Sales and suppliers. This will support informed sourcing decisions, improve commercial competitiveness and maximise savings opportunities for EP Group and its customers.
Key Accountabilities Cost Modelling & Should Cost Analysis
Develop and maintain detailed “ Should Cost ” models across core and high-spend product categories.
Work directly with suppliers and manufacturers to obtain and validate detailed cost breakdowns.
Analyse raw material costs, manufacturing processes, labour, production overheads, packaging and logistics costs.
Establish cost benchmarks to assess supplier pricing, identify cost gaps and highlight opportunities for improvement.
Monitor raw material and commodity price movements to understand their impact on product costs.
Identify opportunities for value engineering, specification optimisation and manufacturing efficiencies.
Provide Category Managers and Sales teams with clear cost analysis to support negotiations and customer pricing decisions.
Tender Management & Coordination
Coordinate and manage the end-to-end tender process across the Sourcing & Procurement function.
Work with Category Managers to establish tender requirements, product specifications, supplier shortlists and commercial objectives.
Ensure consistent documentation, timelines and supplier communications for tender RFIs, RFPs and RFQs.
Work closely with Sales to understand customer requirements, specifications, volumes and commercial expectations.
Working with Category Managers, manage tender timelines, supplier responses, clarification processes and submission deadlines.
Support Category Managers (as required) to consolidate and analyse supplier quotations, preparing clear commercial comparisons and evaluation summaries.
Coordinate e-auctions, where appropriate, in conjunction with Category Managers.
Ensure effective communication and collaboration between Sourcing, Procurement and Sales throughout the tender process.
Commercial Analysis & Value Delivery
Identify cost reduction opportunities through detailed cost analysis, supplier benchmarking and competitive tendering.
Support Category Managers in developing sourcing strategies and negotiating improved commercial terms.
Provide accurate cost comparisons and financial analysis to support supplier selection and award recommendations.
Track tender outcomes, savings opportunities and commercial benefits.
Identify opportunities for supplier consolidation, specification standardisation and product range optimisation.
Supplier & Stakeholder Collaboration
Build effective working relationships with suppliers to improve cost transparency and access to manufacturing cost information.
Work collaboratively with Category Managers, Sales, Finance and Commercial to support sourcing and commercial objectives.
Provide timely and accurate cost information and tender analysis to support business decisions.
Maintain clear records of supplier quotations, cost models, tender activity and commercial outcomes.
Process & Continuous Improvement
Develop standardised cost modelling tools, templates and tender management processes.
Improve consistency, accuracy and efficiency of costing and tender activities.
Maintain centralised cost data and historical pricing information to support future sourcing exercises and tenders.
Identify opportunities to improve sourcing processes, reporting and commercial analysis.
Key Deliverables The Costing Engineer will deliver:
Accurate Should Cost Models – Transparent and robust product cost models across core and high-spend categories.
Cost Transparency & Benchmarking – Improved visibility of raw material, manufacturing and operational cost drivers.
Commercial Value & Cost Reduction – Identification of pricing gaps and sustainable cost improvement opportunities.
Effective Tender Management – Consistent, well-coordinated and professionally managed tender processes.
Cross-Functional Collaboration – Strong coordination between Category Managers, Sales, suppliers and wider business stakeholders.
Improved Sourcing Decisions – Accurate commercial analysis to support supplier selection, negotiations and customer pricing.
Essential Experience – Costing Engineer :
Proven experience in a cost engineering, commercial finance, pricing management or data analysis role is essential
Experience within a manufacturing environment is preferable
Exceptional data analysis and excel skills are essential
This is a fast-paced environment and attention to detail is paramount, as is the ability to communicate with people internally and externally on all levels
Ability to use initiative and have the energy and passion to make things happen
Ability to self-manage
Adaptable to fast-changing environments
Must be willing to travel
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