Product Cost & Sourcing Engineer

About Us Chefman is one of North America's leading brands of small kitchen appliances, committed to building best-in-class products that make cooking accessible and enjoyable. In 2020, we launched CHEF iQ an ecosystem of connected smart kitchen appliances designed to transform how the world cooks and connects through food. Through intuitive guided cooking experiences and IoT-enabled technology, we are redefining what it means to create great food effortlessly. About the Role We are seeking a self-driven Product Cost & Sourcing Engineer to support Chefman and CHEF iQ new product lines by developing accurate should-cost models throughout the product development process. At Chefman, we pride ourselves on delivering affordable innovation, ease of use, and a strong focus on the consumer experience. In this role, you will work closely with our product development, engineering, and supply chain teams to understand product architecture, manufacturing methods, and component selection to define the lowest possible cost to produce a product. You will also serve as the primary commercial interface with our overseas manufacturing partners negotiating pricing, managing tooling budgets, and executing contractual agreements that protect Chefman's cost targets and margins. This is an exciting opportunity for someone who is curious about how products are made, enjoys problem solving, and is motivated by identifying cost optimization opportunities without compromising performance or consumer value. Responsibilities Should-Cost Modeling & BOM Cost Tracking Develop and maintain accurate should-cost models that reflect the latest product definition, updating at each prototype build milestone Track the live Bill of Materials (BOM) cost vs. target cost as the engineering team iterates on design, flagging risks and opportunities in real time Review supplier-submitted CBOMs for accuracy and alignment with Chefman cost targets Generate a critical components list and work with supply chain to obtain competitive quotes Coordinate product details to generate ballpark cost estimates during the advanced development phase Deliver clear cost summary reports and presentations to cross-functional teams, highlighting where cost is concentrated and where savings opportunities exist Factory Negotiation Negotiate piece-part pricing, assembly costs, scrap allowances, and factory margins directly with overseas manufacturing partners Offer design-for-cost suggestions to product and engineering teams to drive lowest possible landed cost without compromising quality or consumer value Work with product teams to conduct teardowns of competitive products to analyze materials, components, assembly methods, and manufacturing processes Tooling Management Track tooling budgets across the product portfolio, ensuring spend is aligned with approved targets Negotiate tooling modification costs as design changes arise during development Manage tooling…