Sr. Director, Product Cost Innovation at Thermo Fisher Scientific

Morrisville, North Carolina, United States

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Life Sciences, Pharmaceuticals, BiotechnologyIndustries

Requirements

Bachelor’s degree in Engineering or a related field preferred; MBA a plus
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
Expertise in Cost Engineering & Value Management
Expertise in Change Leadership & Continuous Improvement
Expertise in Planning and Implementing Strategies
Expertise in Development of benchmarks and reporting to executives
Expertise in Operational Excellence & Supply Chain Optimization
Expertise in Business Transformation & Financial Competence

Responsibilities

Drive enterprise-wide portfolio of product cost-out initiatives; chair steering committee, set priorities, and align executive stakeholders to deliver sustained results
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

Skills

Key technologies and capabilities for this role

Value EngineeringValue AnalysisBuild-to-ValueBuild for ManufacturabilityCost EngineeringMetrics DashboardsAnalytics PlatformsSupply Chain ManagementOperationsContinuous ImprovementStakeholder AlignmentProject ManagementChange ManagementEngineering Frameworks

Questions & Answers

Common questions about this position

What experience is required for the Sr. Director, Product Cost Innovation role?

Candidates need 15+ years of experience in cost engineering and/or transformation roles, with at least 8 years in leadership of global teams, plus a proven track record of spearheading cost-cutting initiatives in multinational companies.

What education is preferred for this position?

A Bachelor’s degree in Engineering or a related field is preferred, with an MBA being a plus.

Is this role remote or office-based?

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 skills make a strong candidate for this role?

Strong candidates will have outstanding analytical, communication, and influencing skills, with the ability to engage C-suite executives, plus expertise in cost engineering, value management, change leadership, and supply chain optimization.

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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