Cost Management Lead

5 days ago


Hyderabad, Telangana, India Thermo Fisher Scientific Full time

Strategic Planning and Execution

Drive Cost Savings and Efficiency

Lead the development and implementation of comprehensive cost-out strategies to achieve short-term and long-term objectives. Collaborate with cross-functional teams to align cost-out initiatives with overall business goals and financial targets.

Project Management

Supervise and manage multiple cost-out projects across business units, ensuring timely execution and delivery of cost savings initiatives. Build and maintain a robust pipeline of active cost-out projects.

Financial Management

Oversee and report on cost savings and pipeline progress, analyzing financial data to identify areas for cost reduction and efficiency improvements. Work closely with finance teams to validate savings and track performance.

Cross-Functional Collaboration

Collaborate with R&D, manufacturing, supply chain, procurement, and other relevant departments to identify and implement cost-saving opportunities. Facilitate cross-functional team meetings and workshops to drive cost-out initiatives.

Process Improvement

Identify opportunities for process optimization and waste reduction, implementing Lean, Six Sigma, and other process improvement methodologies to drive efficiencies.

Reporting and Communication

Provide regular updates to senior leadership on cost-out progress and financial impact, preparing and presenting detailed reports and presentations on cost-out strategies and outcomes.

Team Leadership

Build and manage a high-performing team, coaching, mentoring, and developing the competency necessary to drive cost savings and efficiency.

Innovation and R&D

Invest in research and development to explore new materials, technologies, and manufacturing processes that can lead to significant cost reductions, collaborating with R&D to integrate cost-out considerations into the product development lifecycle.

Qualifications

Bachelor's degree in Engineering, Business, Finance, or a related field; MBA or relevant advanced degree preferred. Minimum of 10 years of experience in cost management, product development, or a related field, with at least 5 years in a leadership role. Proven track record of delivering significant cost savings in a manufacturing or product development environment.



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