Sr. Director, Product Cost Innovation

Thermo Fisher Scientific•Morrisville, NC

9d•Onsite

About The Position

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!

Requirements

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

Nice To Haves

MBA a plus

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