Job Description

Work Schedule

Standard (Mon-Fri)

Environmental Conditions

Office

About Company:

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Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science, with an annual revenue of approximately $40 billion. Our Mission is to enable our customers to make the world healthier, cleaner, and safer. Whether our customers are accelerating life sciences research, solving sophisticated analytical challenges, growing efficiency in their laboratories, improving patient health through diagnostics, or developing and manufacturing life-changing therapies, we are here to support them. Our distributed team delivers an outstanding combination of innovative technologies, purchasing convenience, and pharmaceutical services through our industry-leading brands, including Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, Unity Lab Services, Patheon, and PPD.

Role & Responsibilities

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Cost Analysis and Data Management

: Apply cost methodologies, software models, and tools to accurately prepare and maintain data, ensuring precision and reliable cost models.

Design-to-Cost Approach

: Collaborate with the Design Engineering team to promote and integrate a design-to-cost approach using comprehensive statistical data. Partner with the procurement and category teams to analyze cost breakdowns from vendors, performing detailed gap analysis between costing and quotes to identify discrepancies and opportunities for savings.

Cost-Benefit Analysis and Supplier Evaluation

: Evaluate and select suppliers based on factors such as cost, quality, and reliability, ensuring optimal choices for the company. Advise and assist suppliers with alternative manufacturing processes to enhance efficiency and reduce costs. Provide mentorship and guidance, fostering a culture of continuous learning and development. Develop and implement clear standard work procedures for performing and validating should cost of components and products. Construct comprehensive should-cost models for entire products, ensuring accuracy and thorough analysis. Lead continuous improvement initiatives in cost estimation methodologies and processes, driving innovation and efficiency. Perform all job duties in alignment with the company's Code of Ethics, Diversity and Inclusion policies, and the 4-I Values (Integrity, Innovation, Inclusion, and Impact).

Skills and Proficiencies:

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Educational Background

: Bachelor's degree in mechanical engineering, Automobile Engineering, or Mechatronics Engineering. 10+ yrs experience in Should Cost Analysis.

Validated Expertise

in performing cost analysis for a range of mechanical commodities including machining, sheet metal, casting, forging, composites, plastics, rubber, metal injection molding, surface treatments, and packaging. Strong proficiency in various drawing standards such as ANSI, ISO, ASME, DIN, JIS, and BS. In-depth knowledge of surface treatments, coatings, and surface finish methods.

Costing Tools Mastery

: Expertise in using costing tools like Apriori, DFMA, Costimator, NPV, and TCO. Skilled in handling CAD tools such as SolidWorks, Creo, and AutoCAD.

Problem-Solving Skills

: Ability to address problems creatively and analytically with strong attention to detail. Demonstrating excellent interpersonal, and critical thinking skills. * Consistent record in influencing multi-functional teams to drive decisions.