Cost Strategy & Execution

• Lead the development and execution of cost modeling strategies across the category.

• Conduct detailed cost breakdowns, benchmarks, and total cost of ownership (TCO) analyses.

• Identify cost drivers and improvement levers to support sourcing decisions.

Supplier Engagement for Cost Improvements

• Engage directly with suppliers to review cost structures, challenge assumptions, and identify cost-reduction opportunities.

• Lead supplier cost workshops and technical reviews to drive transparency and value engineering initiatives.

• Collaborate with suppliers on alternative materials, processes, and continuous improvement opportunities.

Negotiation Support & Leadership

• Provide fact-based cost insights to strengthen negotiation strategies.

• Build negotiation frameworks and scenarios based on cost models and market intelligence.

• Participate in supplier negotiations with a focus on cost elements and value-engineering opportunities.

Cost Modeling & Analytics

• Develop, validate, and maintain advanced cost models for key commodities and components.

• Analyze supplier cost drivers, challenge cost submissions, and identify savings opportunities.

• Present cost analytics and recommendations to category leadership and stakeholders.

SPCI / CMVA Governance, Direction & Collaboration

Cross-Functional Support

• Collaborate with Operations, Engineering, Quality, Finance, and Business Units on cost expectations and improvement initiatives.

• Maintain strong interactions with CMVA (Cost, Value & Manufacturing Analytics), NPI (New Product Introduction), and DPP teams to support cost modeling, product development, and design optimization on specific products.

• Serve as the technical cost subject-matter expert within the category and support key project reviews.

• Ensure adherence to Thermo Fisher procurement policies, compliance standards, and sustainability initiatives.

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Minimum Requirements / Qualifications

• Advanced Degree plus 6 years of experience, or Bachelor's Degree plus 8 years of experience in procurement/sourcing cost engineering, procurement analytics, or category management. in large multinational organizations

• Preferred Fields of Study: Supply Chain Management, Business, Engineering, or related field

• Demonstrated technical expertise relevant to the category (manufacturing processes, component design, materials, cost drivers).

• Demonstrated expertise in strategic sourcing, category management, and supplier relationship management

• Strong experience in cost modeling, cost analysis, and financial modeling.

• Proven ability to engage suppliers and drive cost-improvement and technical discussions.

• Proficiency in procurement and analytical tools, ERP systems, spend analytics, and e-sourcing platforms

• Excellent communication and stakeholder-influencing skills.

• CPSM, CPIM, or equivalent procurement certification preferred
• Strong analytical and financial acumen with ability to develop business cases and drive cost savings
• Project management capabilities and experience managing complex, global initiatives
• Proven negotiation skills and ability to influence in matrix environment
• Advanced proficiency in MS Office suite, particularly Excel, PowerPoint and project management tools
• Experience in life sciences, biotech, pharmaceutical or regulated industries preferred
• Knowledge of continuous improvement methodologies (Lean, Six Sigma, etc.)
• Travel 10-50% as required by role
• Fluency in English required; additional languages beneficial
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Knowledge, Skills & Abilities

• Strong analytical mindset and attention to detail.

• Technical expertise to understand and challenge supplier manufacturing processes, cost drivers, and design impacts.

• Ability to lead cost-focused and technical conversations with suppliers and internal engineering teams & ability to apply should-cost, clean-sheet modeling, DFM/DFA, and value engineering principles to identify cost-reduction opportunities.

• Strong business and financial acumen. Understanding of make-versus-buy decisions, total cost of ownership, and global supply base dynamics for mechanical and electromechanical categories.

• Effective collaboration across global, matrixed teams. Strong collaboration with Engineering, Operations, Quality, and CMVA teams to align cost models with design intent and production realities.

• Ability to manage multiple priorities in a fast-paced environment.

• High accountability, ownership, and results orientation.

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Leadership Competencies

• Customer Focus

• Collaboration & Teamwork

• Business Acumen

• Drive for Results

• Decision Quality

• Negotiation Courage

• Continuous Improvement Mindset