Value Engineer

Markforged•Waltham, MA

1d•$98,594 - $115,993

About The Position

Markforged (NYSE: MKFG) is leading the digital transformation of manufacturing by revolutionizing how engineers and manufacturers create and innovate. Our unique platform combines software, advanced materials (including cutting-edge metal and composite technologies), and industrial 3D printers to deliver strong, functional parts for various industries. We empower customers to overcome supply chain complexities, reduce costs, and accelerate innovation by producing high-performance tools, fixtures, prototypes, and end-use parts in-house. The Value Engineer is responsible for developing accurate, bottoms-up cost models for mechanical and electrical components and assemblies. This role reviews engineering drawings, CAD, and BOMs to estimate “should-cost” targets based on manufacturing processes, material selection, complexity, and production volumes. The Value Engineer partners with engineering, operations, and supply chain to validate designs, evaluate supplier quotes, and identify high-quality suppliers when needed. Key goals to assess and identify design and manufacturing processes improvements, enhance internal and partner supplier processes, and partner with internal teams implement changes to reduce costs while ensuring compliance with cosmetic, quality and safety standards. Lead cross-functional projects and interact with stakeholders at all levels of the organization.

Requirements

Bachelor’s degree in Mechanical Engineering, Manufacturing Engineering, Electrical Engineering, or related field
Strong understanding of manufacturing processes for mechanical and electrical components
Ability to read and interpret detailed engineering drawings and CAD models
Experience building bottom-up cost models and analyzing supplier quotes
Strong analytical and communication skills

Nice To Haves

experience in capital equipment, industrial products, automotive, aerospace, medical devices, or advanced manufacturing
exposure to global supply chains and contract manufacturing
familiarity with ERP/MRP systems and cost accounting concepts
prior experience working with suppliers in USA, Asia, and Europe

Responsibilities

Review bills of materials, engineering drawings, and CAD models to understand part geometry, tolerances, materials, and functional requirements
Develop detailed should-cost models for mechanical and electrical components, including:
Machining, casting, sheet metal, additive, and finishing processes
PCBAs, cables, harnesses, and electro-mechanical assemblies
Estimate labor, material, overhead, yield, tooling, and amortization costs across different volume scenarios
Compare supplier quotes against should-cost models and identify cost gaps or risk areas
Collaborate with engineering on design-for-manufacturability (DFM) and design-for-cost (DFC) tradeoffs
Support supplier identification, technical evaluation, and RFQ processes when required
Partner with supply chain and operations to align cost models with real manufacturing constraints
Maintain cost databases, benchmarks, and process assumptions over time
Provide clear cost breakdowns and recommendations to engineering leadership and management