Cost and Value Engineer
Siemens Healthineers AG
A complete application in a minute
Tailored resume and cover letter, ready to send.
Benefits offered by this job
Job summary
Siemens Healthineers is seeking a Cost and Value Engineer to own should-cost analyses and drive value optimization across multiple commodities. You will partner with Procurement, R&D, and Manufacturing Engineering to identify cost-reduction opportunities and influence design decisions.
The role requires leading cost modelling, supplier assessments, and cross-functional projects to deliver measurable business value while maintaining quality and regulatory compliance. Based in Swords, Ireland.
Qualifications
- Bachelor’s degree in mechanical/manufacturing/industrial engineering or a related engineering discipline.
- Minimum 8 years' experience in engineering, cost engineering and/or procurement.
- Strong knowledge of manufacturing processes including machining, sheet metal fabrication, casting, plastic moulding, electro-mechanical assembly, and reagent manufacturing.
- Proven experience in should-cost analysis, cost modelling, value engineering, and total cost assessments.
- Experience using cost engineering tools such as Teamcenter Product Cost Management (TCPCM) or equivalent systems.
- Demonstrated success supporting supplier negotiations and delivering cost reduction initiatives.
- Medical device, diagnostics, or regulated industry experience is advantageous.
- International supplier and stakeholder management experience is desirable.
Responsibilities
- Act as the technical lead and key expert for should-cost modelling and cost engineering across various commodities.
- Develop detailed cost models and cost breakdowns to identify productivity and value opportunities.
- Support procurement during sourcing decisions and supplier negotiations through cost analysis and market intelligence.
- Evaluate supplier manufacturing processes and cost competitiveness via site visits.
- Lead Value Analysis/Value Engineering activities at supplier sites.
- Collaborate with R&D to embed Design-for-Cost and other principles into new product development.
- Capture supplier innovation to improve cost performance.
- Drive cross-functional projects enhancing product competitiveness and delivering measurable value.
Skills
Education
Tools
Job description
Do you want to join us in helping to fight the world's most threatening diseases and enabling access to care for more people around the world? At Siemens Healthineers, we pioneer breakthroughs in healthcare. For everyone. Everywhere. Sustainably.
Do you want to join us in helping to fight the world's most threatening diseases and enabling access to care for more people around the world? At Siemens Healthineers, we pioneer breakthroughs in healthcare. For everyone. Everywhere. Sustainably.
As a Cost & Value Engineer, you will be the organization's subject matter expert for should-cost analysis, partnering closely with Procurement, R&D, Manufacturing Engineering, and suppliers to drive product cost competitiveness and value optimization. Combining engineering expertise with market knowledge, you will identify cost reduction opportunities, influence product design decisions, and support strategic sourcing initiatives across existing and new product developments.
This is a highly visible role that plays a critical part in delivering sustainable cost savings, supplier innovation, and improved product value while maintaining quality, performance, and regulatory compliance.
We offer you a flexible and dynamic environment with opportunities to go beyond your comfort zone to grow personally and professionally. Sounds interesting?
Then come and join our global team as a Cost & Value Engineer, based at our facility in Swords, Ireland. The role will be responsible for the supply base for several manufacturing locations.
- Act as the technical lead and key expert for should-cost modelling and cost engineering across a range of commodities including machined components, sheet metal, castings, plastics (high & low volume), electronics, assemblies, and reagents.
- Develop detailed cost models and cost breakdowns to identify productivity, cost reduction, and value optimization opportunities.
- Support Commodity Managers and Procurement teams during sourcing decisions and supplier negotiations through fact-based cost analysis and market intelligence.
- Evaluate supplier manufacturing processes, capabilities, and cost competitiveness through supplier assessments and site visits.
- Lead Value Analysis/Value Engineering (VA/VE) activities at supplier sites
- Partner with R&D to embed Design-for-Cost and other Design-for-X principles into new product development to achieve cost targets.
- Capture supplier innovation and identify opportunities to improve product cost performance
- Drive cross-functional projects that enhance product competitiveness and deliver measurable business value.
- Bachelor’s degree in mechanical Engineering, Manufacturing Engineering, Industrial Engineering, or a related engineering discipline.
- Minimum 8 years' experience in engineering, cost engineering and/or procurement
- Strong knowledge of manufacturing processes including machining, sheet metal fabrication, casting, plastic moulding, electro-mechanical assembly, and reagent manufacturing.
- Proven experience in should-cost analysis, cost modelling, value engineering, and total cost assessments.
- Experience using cost engineering tools such as Teamcenter Product Cost Management (TCPCM) or equivalent systems.
- Demonstrated success supporting supplier negotiations and delivering cost reduction initiatives.
- Medical device, diagnostics, or regulated industry experience is advantageous.
- International supplier and stakeholder management experience is desirable.
- Recognized expertise in should-cost analysis and manufacturing cost structures.
- Strong analytical, commercial, and problem-solving capabilities.
- Excellent communication and presentation skills with the ability to influence stakeholders at all levels.
- Strategic mindset with a focus on continuous improvement and value creation.
- Strong project management skills and ability to manage multiple priorities.
- Results-driven, self-motivated, and comfortable challenging conventional approaches through data-driven analysis.
- Proven ability to identify and leverage supplier innovation to create competitive advantage.
The Cost & Value Engineer is instrumental in ensuring Siemens Healthineers products remain competitive in the marketplace. By serving as the business's subject matter expert in should-cost engineering and value optimization, this role enables smarter design decisions, competitive based supplier sourcing decisions, stronger supplier negotiations, and sustainable improvements in product cost and value.
We are a team of more than 74,000 highly dedicated Healthineers in more than 70 countries. As a leader in medical technology, we constantly push the boundaries to create better outcomes and experiences for patients, no matter where they live or what health issues they are facing. Our portfolio is crucial for clinical decision-making and treatment pathways.
How we work When you join Siemens Healthineers, you become one in a global team of scientists, clinicians, developers, researchers, professionals, and skilled specialists, who believe in each individual’s potential to contribute with diverse ideas. We are from different backgrounds, cultures, religions, political and/or sexual orientations, and work together, to fight the world’s most threatening diseases and enable access to care, united by one purpose: to pioneer breakthroughs in healthcare. For everyone. Everywhere. Sustainably. #siemens Check our Careers Site at siemens-healthineers.com
which equates to 33% of salary.
- 25 days annual leave per year
- Flexitime operating hours (Flexible start and finish times.)
- Eligible to participate in Lab Diagnostics Bonus Programme. - 5% bonus opportunity (payable up to 200%)
- After probation -Eligible to receive reimbursement of medical expenses 90%.
- After probation -Private health insurance for individual and dependants (currently Laya.)
- Christmas Voucher (€550 euro) paid in December.
- Attendance Bonus of €348 for full year attendance.
- Defined Contribution Pension Plan.
- Cafeteria facilities are available at subsidised prices.
- Service Awards for 5,10,15,20,25 etc years of service
- Eligible to participate in Sports and Social membership which has fully equipped Gym on site, games room, tennis courts, football pitch and lots of clubs.
- Free Car Parking
'/%3e%3cpath%20d='M101.744%2012.4726L102.894%2016.1947L99.0021%2013.2201L101.744%2012.4726ZM105.3%208.40937H100.488L99.0026%203.59473L97.5116%208.41047L92.7%208.40385L96.5965%2011.3834L95.1055%2016.1942L99.0021%2013.2196L101.408%2011.3834L105.3%208.40992V8.40937Z'%20fill='white'/%3e%3cdefs%3e%3clinearGradient%20id='paint0_linear_5593_1381'%20x1='90'%20y1='9.44471'%20x2='99'%20y2='9.44471'%20gradientUnits='userSpaceOnUse'%3e%3cstop%20stop-color='%2300AD70'/%3e%3cstop%20offset='0.998594'%20stop-color='%2300B67A'/%3e%3cstop%20offset='1'%20stop-color='%23DCDCE6'/%3e%3c/linearGradient%3e%3c/defs%3e%3c/svg%3e){kind=small}
