New

Cost Modeling Product Engineering Specialist

Zoro Tools
life insurance, paid time off, tuition reimbursement, 401(k)
United States, Illinois, Lake Forest
Apr 30, 2026
Work Location Type:Hybrid Req Number 329945 About Grainger W.W. Grainger, Inc., is a leading broad line distributor with operations primarily in North America, Japan and the United Kingdom. At Grainger, We Keep the World Working by serving more than 4.5 million customers worldwide with products and solutions delivered through innovative technology and deep customer relationships. Known for its commitment to service and award-winning culture, the Company had 2024 revenue of $17.2 billion across its two business models. In the High-Touch Solutions segment, Grainger offers approximately 2 million maintenance, repair and operating (MRO) products and services, including technical support and inventory management. In the Endless Assortment segment,Zoro.comoffers customers access to more than 14 million products, andMonotaRO.comoffers more than 24 million products. For more information, visitwww.grainger.com. Compensation The anticipated base pay compensation range for this position is $67,300.00 - $112,200.00. This role is eligible for an incentive target of up to 5 % or $ , based on the achievement of individual and company performance objectives in accordance with the current terms of the incentive program which are subject to change. Rewards and Benefits With benefits starting on day one, our programs provide choice and flexibility to meet team members' individual needs, including: Medical, dental, vision, and life insurance plans with coverage starting on day one of employment and 6 free sessions each year with a licensed therapist to support your emotional wellbeing. 18 paid time off (PTO) days annually for full-time employees (accrual prorated based on employment start date) and 6 company holidays per year. 6% company contribution to a 401(k) Retirement Savings Plan each pay period, no employee contribution required. Employee discounts, tuition reimbursement, student loan refinancing and free access to financial counseling, education, and tools. Maternity support programs, nursing benefits, and up to 14 weeks paid leave for birth parents and up to 4 weeks paid leave for non-birth parents. For additional information and details regarding Grainger's benefits, please click on the link below: https://experience100.ehr.com/grainger/Home/Tools-Resources/Key-Resources/New-Hire Grainger Benefits The pay range provided above is not a guarantee of compensation. The range reflects the potential base pay for this role at the time of this posting based on the job grade for this position. Individual base pay compensation will depend, in part, on factors such as geographic work location and relevant experience and skills. The anticipated compensation range described above is subject to change and the compensation ultimately paid may be higher or lower than the range described above. Grainger reserves the right to amend, modify, or terminate its compensation and benefit programs in its sole discretion at any time, consistent with applicable law. Position Details The Cost Modeling Product Engineer Specialist evaluates products and develops shouldcost models using an understanding of product materials and manufacturing processes. This role researches manufacturing methods and applies scaling across similar processes and materials to align cost models with comparable items within a product category. Applies analytical insights that support sourcing decisions and supplier negotiations, serving as a technical expert on item level cost models. Contributes to broader analytical workstreams, including commodity association insights, manufacturing process documentation, procurement reviews, and scaling models used by Supplier Management and Global Sourcing to inform cost, risk, and quality decisions. You will report to thte Manager, Cost Modeling Engineering. This is a hybrid position that is based onsite in Lake Forest 3 days a week. This position is not eligible for any form of sponsorship now or in the future. Individuals requiring sponsorship (e.g. OPT or H1B visa status) should not apply. Only individuals authorized to work in the United States now and for the foreseeable future will be considered for this position. You Will Disassemble finished products to identify components and develop detailed Bills of Materials (BOMs). Research cost inputs including raw materials, labor, manufacturing processes, machine utilization, and tooling requirements. Develop and update should cost models using internal cost modeling tools to assess sourcing risks including cost drivers, country of origin impacts, and alternative manufacturing scenarios for procurement decision making. Support supplier negotiations by providing technical expert input on cost model structure and assumptions. Build scalable cost modeling files that translate individual model outputs into category-wide should-cost estimates by applying product attributes, scaling factors, and automated formulas. Analyze SKU-level data to perform commodity association work and understand the primary base raw material composition across product categories to inform on risk and opportunity. Develop manufacturing process documentation that explains process functionality, application, and cost impact. Partner with internal stakeholders to present project outcomes and analyze a product's cost position Maintain the integrity of engineering labs and provide continuous improvement plans for repairs, replacement, or enhancement of laboratory equipment and functional lab spaces. You Have Bachelor's Degree in an engineering or related technical discipline required 2+ years of relevant work or school experience in industrial or mechanical engineering; new grads welcome! Experience with engineering product analysis, cost modeling methodologies, problem solving, technical evaluation, and continuous improvement. Experience in analyzing and breaking down complex products, research processes, and communicating technical findings to non-technical audiences. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex (including pregnancy), national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or expression, protected veteran status or any other protected characteristic under federal, state, or local law. We are proud to be an equal opportunity workplace. We are committed to fostering an inclusive, accessible work environment that includes both providing reasonable accommodations to individuals with disabilities during the application and hiring process as well as throughout the course of one's employment, should you need a reasonable accommodation during the application and selection process, including, but not limited to use of our website, any part of the application, interview or hiring process, please advise us so that we can provide appropriate assistance.