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Cost Optimization Specialist

2 weeks ago

Bengaluru, Karnataka, India GE HealthCare Full time
At GE HealthCare, we're seeking a Cost Optimization Specialist to join our team dedicated to making healthcare more affordable and accessible. As part of our Variable Cost Productivity Centre of Excellence (VCP-COE), you'll play a critical role in driving down costs and enhancing EBIT for our business. Key responsibilities include:

Developing and implementing cost-reduction strategies to minimize the overall cost of goods sold (COGS).
Collaborating with cross-functional teams to identify areas for cost optimization and develop targeted solutions.
Analyzing product designs to identify opportunities for cost reduction without compromising performance or quality.
Working closely with suppliers to negotiate better prices, improve lead times, and enhance supply chain efficiency.
Implementing Six Sigma methodologies to drive process improvements and reduce waste throughout the organization.
Developing and maintaining relationships with key stakeholders, including suppliers, internal customers, and senior leadership.
Communicating cost-saving initiatives and results to executive leaders and other relevant stakeholders.
Staying up-to-date with industry trends and emerging technologies to inform cost optimization strategies.
Driving cultural change by promoting a culture of cost consciousness and accountability across the organization.

For this role, you'll need a strong background in operations management, industrial engineering, or a related field, with a minimum of six years of experience in cost optimization or a related field. Familiarity with lean principles, Six Sigma methodologies, and cost accounting techniques is highly desirable. Strong analytical and problem-solving skills, as well as excellent communication and interpersonal skills, are essential for success in this role. If you're passionate about driving cost savings and improving operational efficiency, we invite you to apply.