(NPI) Sourcing and Cost Optimization Lead

Work Schedule

Standard (Mon-Fri)

Environmental Conditions

Office

Job Description

Company: Thermo Fisher Scientific

Location: Eindhoven. Most of the work will be based in Eindhoven but occurs in close collaboration with sites in Czech Republic and USA, travel locally/ globally is anticipated to be up to 10% of your time.

Overview: Join Thermo Fisher Scientific to make a positive global impact alongside 130,000 colleagues. Our mission is to enable our customers to make the world healthier, cleaner, and safer. We provide our global teams with the resources needed to achieve individual career goals while helping to take science a step beyond by developing solutions for some of the world’s toughest challenges.

How will you make an impact? The (NPI) Sourcing and Cost Optimization Lead requires a person with a consistent track record of working in complex and dynamic environments. You will lead innovative New Product Introduction (NPI) projects, manage sourcing activities, estimate manufacturing costs for complex parts, and drive cost reduction initiatives. Your role will involve cross-functional collaboration, supplier negotiations, and ensuring cost transparency and efficiency.

Key Responsibilities:

• Sourcing Project Lead:
• Represent the Procurement department in NPI project teams to secure deployment of procurement/category strategies and supply chain configurations.
• Build and maintain relationships with Procurement colleagues, R&D, Product Engineering, Logistics, and other departments.
• Define and communicate the design of the Supply Chain in agreement with Procurement Category Managers.
• Support and contribute to strategy based on requirements and Thermo Fisher Scientific make/buy strategy.
• Define and follow up on cost targets of purchased items and modules.
• Coordinate Procurement colleagues in the execution of Make/Buy Decisions, Supply Chain Design, Suppliers Selection process, contracting, and Material Cost Management.
• Manage supply chain-related critical issues within projects.
• Ensure compliance with regulatory legislation and Integrated Management System (IMS).
• Cost Optimization:
• Estimate manufacturing costs for complex parts and prepare cost estimates for new products.
• Drive down the cost of goods by influencing design choices based on manufacturability and cost considerations.
• Provide transparency in product costing for both technical costs and business uplifts.
• Identify and implement cost reduction opportunities through in-depth assessments of factory standard costs.
• Develop should-cost analyses for components and assemblies using specialized costing tools.
• Support Procurement fact-based cost negotiation with suppliers, including machining times, setup analysis, and tooling.

Education:

• Minimally Bachelor Degree in Mechanical Engineering, Industrial Engineering, Electronics, Business, or a related field, or equivalent experience.

Experience:

• Demonstrated ability in cost estimation, manufacturing, or a related field.
• Project management background with experience of supporting New Product Introduction (NPI) and cost optimization.
• Experience with high-precision machining and advanced manufacturing steps like Laser cutting, E-Beam welding, 3D printing, etching, Wire EDM, and Magnetic Annealing.
• Experience with machining materials like Titanium, Nickel Iron, Cobalt Iron, Ferro Magnetic metals, Copper Alloy, and high-end plastics.
• Understanding of high-vacuum cleanliness and surface finishing requirements for mechanical components and related processes.
• Experience in Procurement, Supply Chain, and Project Management in High-Tech Systems environments.

Knowledge, Skills, Abilities:

• Strong knowledge of manufacturing processes and cost estimation techniques.
• Proficiency in using cost estimation and manufacturing simulation software.
• Excellent negotiation skills with the ability to influence design and manufacturing decisions.
• Strong analytical and problem-solving skills.
• Effective communication and collaboration skills.
• Ability to handle stress and work independently.
• Pro-active approach and continuous quality and performance improvement attitude.

Benefits:

• Competitive remuneration and annual incentive plan bonus scheme.
• Healthcare, company pension, and a range of employee benefits.
• Outstanding career and development prospects within an innovative, forward-thinking organization.
• An exciting company culture that stands for integrity, intensity, involvement, and innovation.

Apply Today! Visit Thermo Fisher Scientific Careers to start your story with us.

EEO/Reasonable Accommodation: Thermo Fisher Scientific is an EEO/Affirmative Action Employer and does not discriminate based on race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, or any other legally protected status. We provide reasonable accommodations to individuals with disabilities to participate in the job application or interview process, perform crucial job functions, and receive other benefits and privileges of employment.