Manager - Value Engineering

3 days ago

Bengaluru, India Illumina Full time

Job Description

- Lead a team of cost analysts and drive global initiatives in should-cost modeling and value engineering across direct material categories (plastics, metals, electronics, assemblies).
- Build organizational capability in cost modeling, parametric estimation, and design-to-value principles to influence product cost decisions and supplier negotiations.
- Drive VAVE (Value Analysis / Value Engineering) workshops with cross-functional teams to identify product/process cost reduction and value improvement opportunities.
- Oversee development and governance of parametric cost models using tools such as aPriori; ensure models are aligned with current manufacturing trends and global cost factors.
- Collaborate closely with R&D, Engineering, Procurement, and Finance to shape cost-conscious product designs and supplier strategies during NPI and sustaining phases.
- Institutionalize design-to-cost and design-for-manufacturing practices across development lifecycles.
- Provide leadership in supplier clean-sheet negotiations and cost benchmarking; lead cost audits and deep-dive workshops with global suppliers.

People and Process Leadership

- Coach and mentor a team of cost analysts; set clear goals, provide feedback, and build domain expertise.
- Define standard operating procedures for should-cost analysis, value engineering reviews, and clean-sheet costing.
- Act as the global point of contact for should-costing practices in specific categories or platforms.
- Represent the cost/value engineering function in cross-functional forums, governance councils, and executive reviews.

Skills and Competencies

- 10+ years of experience in cost engineering, value engineering, or sourcing analytics, preferably in a global manufacturing or MedTech environment.
- Proven team leadership with ability to influence across technical and commercial stakeholders.
- Strong analytical and modeling skills; hands-on experience with aPriori, SolidWorks/Creo, SAP, and PLM tools.
- Expertise in manufacturing processes, cost drivers, and supply chain dynamics across global regions.
- Experience in facilitating cost/value workshops, driving supplier cost discussions, and delivering executive-ready insights.
- Strategic thinking with a bias for execution and continuous improvement.

Preferred Qualifications

- Bachelor s degree in Mechanical/Manufacturing Engineering, Industrial Engineering, or Supply Chain (Master s preferred).
- Certified in Value Analysis / Value Engineering or Lean Product Development.
- Familiarity with DFX principles (DFM/DFA), cost accounting, and operations strategy.

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