Sr. Director, Product Cost Innovation

Reposted 17 Days Ago
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Morrisville, NC
In-Office
Expert/Leader
Biotech
Our Mission is to enable our customers to make the world healthier, cleaner and safer.
The Role
The Sr. Director of Product Cost Innovation will lead cost engineering initiatives, implement frameworks, manage metrics, and drive efficiency and change across global teams.
Summary Generated by Built In

Work Schedule

First Shift (Days)

Environmental Conditions

Office

Job Description

Thermo Fisher Scientific Inc. leads in serving science, with over $40 billion in annual revenue. Our goal is to help customers create a healthier, cleaner, and safer world. Whether customers are advancing life sciences research, tackling complex analytical challenges, enhancing patient diagnostics and therapies, or improving efficiency in their labs, we're here to assist. Our distributed team of 125,000+ colleagues offers a unique blend of cutting-edge technologies, convenient purchasing options, and pharmaceutical services across our renowned brands like Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, Unity Lab Services, and Patheon. Visit www.thermofisher.com for more details.

How will you make an impact?

We are seeking a Sr. Director, Product Cost Innovation to drive enterprise-wide portfolio of product cost-out initiatives; chair steering committee, set priorities, and align executive stakeholders to deliver sustained results.

What will you do?
  • Invent and implement cost engineering frameworks, playbooks, and training programs in Value Analysis / Value Engineering (VAVE), Build-to-Value (BTV), and Build for Manufacturability (BFM).

  • Establish and manage important metric dashboards and analytics platforms that offer real-time awareness of cost performance, risks, and opportunities. Maintain transparency into key outcomes for executive partners.

  • Champion the adoption of standardization across the team to drive efficiency and effectiveness.

  • Spearhead the discovery, ranking, and implementation of broad cost-saving and value optimization projects.

  • Coordinate steering committee meetings to review project progress, address challenges, and ensure strategic alignment.

  • Inspire change initiatives, embedding continuous improvement and cost rigor across Engineering, Supply Chain, and Operations.

How will you get here?

Education

Bachelor’s degree in Engineering or a related field preferred; MBA a plus.

Experience

  • 15+ years of experience in cost engineering and/or transformation roles, with at least 8 years in leadership of global teams.

  • Established track record of spearheading extensive cost-cutting initiatives and value optimization projects within intricate, multinational companies.

  • Shown capability to align executive collaborators and achieve measurable business results.

  • Skilled in developing and scaling high-performing teams and establishing centers of excellence.

  • Outstanding analytical, communication, and influencing skills; adept at engaging C-suite executives.

  • Cost Engineering & Value Management

  • Change Leadership & Continuous Improvement

  • Planning and Implementing Strategies

  • Development of benchmarks and reporting to executives

  • Operational Excellence & Supply Chain Optimization

  • Business Transformation & Financial Competence

At Thermo Fisher Scientific, every single one of our 125,000 exceptional minds has a distinct tale to share. Join us and help advance our remarkable mission—supporting our clients in improving the health, cleanliness, and safety of the world. We offer competitive pay, an annual incentive program, healthcare benefits, and a selection of employee advantages! Thermo Fisher Scientific offers employment opportunities with an inventive, forward-thinking organization, and exceptional career advancement prospects. We present an engaging company culture that embodies integrity, passion, engagement, and innovation!

Top Skills

Analytics Platforms
Cost Engineering
Supply Chain Optimization
Value Analysis
Value Engineering
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The Company
HQ: Waltham, MA
100,000 Employees

What We Do

Thermo Fisher Scientific Inc. is the world leader in serving science, with 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 complex analytical challenges, increasing productivity in their laboratories, improving patient health through diagnostics or the development and manufacture of life-changing therapies, we are here to support them. Our global team delivers an unrivaled 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.

Why Work With Us

You will join a company which every colleague has the opportunity to create possibilities, for oneself, for our customers and patients. There is no more exciting place to be than at the forefront of solving problems which help improve lives around the world. As a company, we are committed to supporting your career aspirations and your journey.

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