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Job TitleCost Specialist
Job Description

In this role, you have the opportunity to
estimate/analyze costing, planning and doing risk assessment for associated parts and products of a Diagnostic X-ray (Radiography, Fluoro & Mammography) systems. Further you are responsible for knowing the significance and meaning of product Life Cycle Costs including design-to-cost comparisons, creating technical and commercial views for a component, sub-system and systems.


You are responsible for

Determine cost estimate targets during the design and development process, recommending cost effective solutions
Gather proposals, specifications and related documents and work closely with all the stakeholders to convert specifications to cost estimates for new and current products
Establish cost estimates of production processes, tooling costs and review alternatives or put forward recommendations for improvement with a proactive approach
Assess cost effectiveness of products and track actual costs relative to budget and report status on a regular basis to ensure costs are in line with forecasts
Contribute to cost monitoring and reporting systems and procedures including trending analysis
Working closely with all the team members both R&D team members (Like Systems, Verification, Norm compliance etc..) and cross functional stakeholders (Like Service, Quality, Regulatory, Marketing, Clinical etc) during project execution phase
Coordinate and work with the procurement, suppliers and other cost masters and ensure project goals are met
Define Cost Estimate scope & Structure, project time, phases to be estimated, communication channels, and establish any boundaries for estimates or project requirements
Collect and monitor data, manage risks, identify (if necessary) contingency plan, control changes and communication. Measure and report on progress.
Develop Cost Estimating Relationships: Use cost data to develop formulas/equations entered the cost model.
Should have knowledge of cost optimization techniques & benchmarking
Provide planning and cost controlling support for all projects which includes variation reporting, monitoring of milestone progress
Achievement of the technical goal/commitment of a project
Delegates, coach and verify the implementation by Engineers
Working closely with local and global Stakeholders
Contributing to Technology Roadmaps
Performs work in line with the processes that have been agreed in the department.
Maintains product and company reputation by complying with country specific regulations.


You are a part of
diagnostic X-Ray R&D team. Philips HIC, Pune is playing a key role in Philips global strategy for DXR. With Philips HIC, the foundation was laid to touch billions of lives and reiterate Philips commitment towards Indian and global healthcare markets.


To succeed in this role, you should have the following skills and experience

M.Tech /B.E/B.Tech in Mechanical engineering, Industrial or other related engineering field
7+ years of relevant experience (one end to end X-ray product development experience is preferred) of system/subsystem
Evaluate design tradeoffs of electro-mechanical systems and quantify the cost of incremental features during NPI and VAVE projects.
Should have experience in determining should costing and target costing analysis
Knowledge of engineering materials, Creating EBOM. This includes Mechanical and Electrical components BOM costing
Design to Cost (DTC) analysis including manufacturing aspects
Experience with aPriori software (preferable)
Operating knowledge and experience of design software (CAD Tools, preferable)
Help in supplier negotiations including spend analysis
Experience in latest engineering design and methods, tools, and processes including Procurement and supply chain aspects.
Knowledge in the use of MS Project and expert in MS Excel tool
Disciplined team worker, ability to work independently
System thinking mindset and domain expertise in the related area
Ability to present ideas and to convince project team members
Be structured and self-organized
Excellent communication skills
Team player, leadership skills and drive for results
Quality mindset in design and documentation
Intercultural sensitivity
Self-motivated & ability to coach, support and direct the Engineers in a subgroup.


In return, we offer you

A rewarding career in Philips with attractive package.
Extensive set of tools to drive your career, such as a personal development budget, free training and coaching
Attractive collective health insurance package
Opportunity to buy Philips shares and products with discount


Why should you join Philips?


Working at Philips is more than a job. Its a calling to create a healthier society through meaningful work, focused on improving 2.5 billion lives a year by delivering innovative solutions across the health continuum. Our people experience a variety of unexpected moments when their lives and careers come together in meaningful ways. Learn more by watching this video.

To find out more about what its like working for Philips at a personal level, visit the Working at Philips page on our career website, where you can read stories from our employee blog. Once there,you can also learn about our recruitment process, or find answers to some of the frequently asked questions.
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