Manager - Value Engineering & Should-cost analysis at Illumina

Bengaluru, Karnataka, India

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Biotechnology, Genomics, HealthcareIndustries

Requirements

10+ years of experience in cost engineering, value engineering, or sourcing analytics, preferably in a global manufacturing or MedTech environment
Proven team leadership with ability to influence across technical and commercial stakeholders
Strong analytical and modeling skills; hands-on experience with aPriori, SolidWorks/Creo, SAP, and PLM tools
Expertise in manufacturing processes, cost drivers, and supply chain dynamics across global regions
Experience in facilitating cost/value workshops, driving supplier cost discussions, and delivering executive-ready insights
Strategic thinking with a bias for execution and continuous improvement
Bachelor’s degree in Mechanical/Manufacturing Engineering, Industrial Engineering, or Supply Chain (Master’s preferred)
Certified in Value Analysis / Value Engineering or Lean Product Development (preferred)
Familiarity with DFX principles (DFM/DFA), cost accounting, and operations strategy (preferred)

Responsibilities

Lead a team of cost analysts and drive global initiatives in should-cost modeling and value engineering across direct material categories (plastics, metals, electronics, assemblies)
Build organizational capability in cost modeling, parametric estimation, and design-to-value principles to influence product cost decisions and supplier negotiations
Drive VAVE (Value Analysis / Value Engineering) workshops with cross-functional teams to identify product/process cost reduction and value improvement opportunities
Oversee development and governance of parametric cost models using tools such as aPriori; ensure models are aligned with current manufacturing trends and global cost factors
Collaborate closely with R&D, Engineering, Procurement, and Finance to shape cost-conscious product designs and supplier strategies during NPI and sustaining phases
Institutionalize design-to-cost and design-for-manufacturing practices across development lifecycles
Provide leadership in supplier clean-sheet negotiations and cost benchmarking; lead cost audits and deep-dive workshops with global suppliers
Coach and mentor a team of cost analysts; set clear goals, provide feedback, and build domain expertise
Define standard operating procedures for should-cost analysis, value engineering reviews, and clean-sheet costing
Act as the global point of contact for should-costing practices in specific categories or platforms
Represent the cost/value engineering function in cross-functional forums, governance councils, and executive reviews

Skills

Key technologies and capabilities for this role

should-cost modelingvalue engineeringparametric estimationdesign-to-valueVAVEaPrioridesign-to-costdesign-for-manufacturingcost benchmarkingsupplier negotiationscost audits

Questions & Answers

Common questions about this position

What experience level is required for this role?

The position requires 10+ years of experience in cost engineering, value engineering, or sourcing analytics, preferably in a global manufacturing or MedTech environment.

What key skills are needed for the Manager - Value Engineering role?

Candidates need strong analytical and modeling skills with hands-on experience in aPriori, SolidWorks/Creo, SAP, and PLM tools, plus expertise in manufacturing processes, cost drivers, and supply chain dynamics.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this position?

This information is not specified in the job description.

What leadership experience makes a strong candidate for this role?

Proven team leadership with the ability to influence across technical and commercial stakeholders, plus experience coaching and mentoring a team of cost analysts, is essential.

Illumina

Supports genomics startups through funding and resources

About Illumina

Illumina focuses on fostering innovation in the genomics industry by supporting startups through its Illumina Accelerator program. This program helps entrepreneurs create, launch, and grow genomics-focused companies by providing funding and resources. The accelerator operates in two main locations: the San Francisco Bay Area and Cambridge, UK. Illumina Accelerator has successfully invested in 68 genomics startups, which have collectively raised over $1 billion in venture capital. What sets Illumina apart from its competitors is its strong partnership with leading venture capital investors and its dedicated focus on the genomics sector. The goal of Illumina is to build a thriving ecosystem for genomics innovation, enabling new companies to emerge and advance the field.

San Diego, CaliforniaHeadquarters

1998Year Founded

$27.2MTotal Funding

IPOCompany Stage

Venture Capital, BiotechnologyIndustries

5,001-10,000Employees

Risks

Over-reliance on NVIDIA's AI technology may limit flexibility in AI solution adoption.

Standardizing proteomics data across platforms could challenge Illumina's data reliability.

Single-flow-cell NovaSeq X System might cannibalize sales of higher-end models.

Differentiation

Illumina leads in genomic sequencing with advanced AI integration and multiomic data analysis.

The company offers innovative array-based solutions for DNA, RNA, and protein analysis.

Illumina's global expansion includes a new Global Capability Center in Bengaluru.

Upsides

Collaboration with NVIDIA enhances drug discovery and clinical development through AI integration.

Pilot proteomics program with UK Biobank aims to generate crucial reference datasets.

Single-cell sequencing kits make high-throughput sequencing accessible to smaller labs.

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