Director, Strategic Initiatives - Cost Engineering at Thermo Fisher Scientific

Morrisville, North Carolina, United States

Thermo Fisher Scientific Logo
Not SpecifiedCompensation
Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Life Sciences, Biotechnology, Scientific InstrumentsIndustries

Requirements

  • Bachelor's degree in Engineering or a related field preferred; equivalent experience will also be considered. Master's degree or MBA is preferred
  • Prior experience in operations strategy, value engineering, or a related field, with a consistent track record in leading cost-out and efficiency improvement initiatives
  • Ability to lead cross-functional teams effectively in a matrixed structure
  • Consistent record of translating strategic visions into actionable execution plans
  • Strong problem-solving skills, with the ability to translate concepts into actionable plans
  • Exceptional leadership and team management abilities
  • Excellent communication and partner engagement skills
  • Experience in strategic program management
  • Deep understanding of manufacturing, supply chain, and procurement processes

Responsibilities

  • Lead the framing, identification, prioritization, resourcing, and execution of large-scale programs focused on cost-out, value engineering, product transfers & network changes, quality improvement, supplier sourcing, or delivery initiatives across multiple divisions
  • Drive cross-functional teams to achieve project goals, fostering collaboration and continuous improvement
  • Build and maintain a project dashboard on key performance indicators, providing regular updates to senior leadership on project status, risks, and expected outcomes
  • Champion the adoption of standard methodologies in cost reduction and operational efficiency, sharing knowledge and methodologies across the organization
  • Collaborate with the Value Assurance group and its organization partners to establish and refine project selection criteria for annual objective planning
  • Lead steering committee meetings to review project progress, address challenges, and ensure strategic alignment

Skills

Cost Engineering
Value Engineering
Program Management
Cross-Functional Leadership
Product Transfers
Network Optimization
Operations Transformation
Supplier Sourcing
Strategic Initiatives
Cost Reduction

Thermo Fisher Scientific

Provides life sciences products and services

About Thermo Fisher Scientific

Thermo Fisher Scientific offers a variety of products and services that support scientific research and healthcare, including laboratory equipment, reagents, and software solutions. Their products are used in applications like protein biology, real-time PCR, and sequencing, serving clients such as academic institutions and pharmaceutical companies. Unlike competitors, Thermo Fisher emphasizes customer support and education, helping clients optimize their experiments. The company's goal is to be a leading provider of life sciences solutions that contribute to a healthier and safer world.

Waltham, MassachusettsHeadquarters
1956Year Founded
$17MTotal Funding
IPOCompany Stage
Biotechnology, HealthcareIndustries
10,001+Employees

Risks

Increased competition in single-use bioprocessing may impact market share.
Sale of anatomical pathology business could create a temporary product gap.
Investment in miDiagnostics may face regulatory challenges affecting returns.

Differentiation

Thermo Fisher offers a comprehensive range of life sciences products and services.
Their well-known brands include Thermo Scientific, Applied Biosystems, and Invitrogen.
They provide strong customer support and educational resources to optimize client workflows.

Upsides

Expansion of biologics production facility enhances capacity for precision biologics monitoring.
Investment in miDiagnostics aligns with demand for rapid diagnostic solutions in BioPharma.
Collaboration with Mainz Biomed positions them in the growing cancer detection market.

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