Value Engineering & Should cost analyst at Illumina

Bengaluru, Karnataka, India

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Biotechnology, GenomicsIndustries

Requirements

Bachelor’s degree in Engineering (Mechanical or similar) or equivalent technical discipline
Lean Six Sigma is preferred
Certification or coursework in Excel, cost modeling, or procurement analytics is a plus
3+ years of relevant experience in sourcing analytics, cost engineering support, or procurement operations
Basic understanding of manufacturing processes for plastics, metals, electronics, and assemblies
Familiarity with interpreting technical drawings, BOMs, and process routings
Exposure to cost analysis or sourcing-related roles in a manufacturing environment
Proficiency with MS Excel (lookup formulas, pivot tables), and ability to work with large datasets
Awareness of supply chain structures and common cost drivers across direct material categories
Exposure to tools like aPriori, SAP, or PLM/CAD systems (SolidWorks/Creo) is a plus
Detail-oriented with strong analytical and data management skills
Good communication skills, capable of interacting across teams and geographies
Willingness to learn and grow into more advanced modeling and supplier-facing roles
Ability to manage multiple priorities and timelines with minimal supervision

Responsibilities

Support the development and maintenance of should-cost models across key commodity categories including plastics, metals, electronics, and assemblies
Collaborate with the Senior Analyst and cross-functional teams to gather data inputs (BOMs, 3D models, supplier quotes) required for cost modeling and analysis
Prepare detailed cost breakdowns, validate supplier cost inputs, and format findings for review by Engineering, Procurement, and Finance
Assist in tracking cost-saving opportunities through data analytics, dashboards, and supplier benchmarking
Maintain internal cost databases, libraries, and documentation to ensure consistency and data accuracy across global programs
Collect and analyze cost data (materials, labor, overheads) from suppliers and internal systems
Format and prepare parametric model inputs in tools like aPriori, Excel, or similar tools
Support the documentation of modeling assumptions, outputs, and change logs
Conduct price variance and cost trend analysis to identify anomalies or opportunities
Assist in preparing reports and presentations for senior leadership and sourcing teams
Help monitor commodity price indices and update standard rates in the cost models
Coordinate with Engineering, R&D, and Procurement teams to ensure timely flow of technical and commercial data

Skills

aPriori

Excel

Should-Cost Modeling

BOM Analysis

3D Models

Data Analytics

Supplier Benchmarking

Cost Trend Analysis

Price Variance Analysis

Commodity Price Indices

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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