Posted on Oct 12th 2019

Global Cost Master


Full time



Posted on Oct 12th 2019


Full time



Job Title

Global Cost Master

Job Description

In this role, you have the opportunity to

  • Act as Cost and Value Engineering Expert Philips worldwide

Your responsibilities

  • Initiate improvement and optimization activities in close cooperation with your partners in innovation, procurement and operations through applying cost and value engineering levers.
  • Improve the competitiveness and profitability of products and services through cost analysis, design to value, modularization and standardization.
  • Execute trainings and coaching on cost engineering methodologies and tools.
  • Support the engineering and commodity teams to drive forward supplier productivity.
  • Establish cost and value engineering as a key process in Philips to support businesses and collaborate across functions to realize improvement roadmaps.
  • Drive towards a larger Community of Practice on Cost Engineering topics and processes in Philips.
  • Identify best practices, promote active knowledge sharing in the network of value engineers, and through this improve our current working processes, methods, tools and standards.

Your team

The global Cost Master team is part of Design for eXcellence (DfX) and consists of 12 passionate Cost Engineers located in the United States, Netherlands and China.

The Design for eXcellence (DfX) program plays a key role in Philips to improve total end-to-end cost and value. We cooperate globally across Philips business functions to make better products at lower cost.

Are you a spirited person looking to support an excellent organization in a dynamic and competitive industry? Do you want to achieve results through true collaboration with multifunctional teams of various backgrounds? If so, apply now as a team member to our DfX program and contribute to the optimization of value and cost across Philips.

Your qualifications

  • BS/MS degree in a technical subject (Mechanical, Electrical, Industrial, Software Engineering or similar)
  • 3+ years of working experience in a technology company (e.g. Consumer Electronics, Lighting, Healthcare, Automotive) in product innovation, research, procurement, production/manufacturing, product management/marketing or similar function
  • Experience to facilitate better decision making in product creation and procurement
  • Project management experience gained e.g. in lean manufacturing, six sigma programs, consulting
  • Experience in leading an expert network in specific technical knowledge areas
  • Strong teaming skills to drive change and challenge project teams
  • Strong English communication skills, ability to convince and to pitch/present your solution to project teams and management
  • Experience in cost management, quality management and/or supply chain management
  • A sound and practical capability to develop optimized systems (cost and value) and convince cross functional partners of the solution
  • Travelling approx. 25%

In return, we offer you

an excellent development opportunity in a world-class company.

Why should you join Philips?

Working at Philips is more than a job. It’s a calling to create a healthier society through meaningful work, focused on improving 3 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 it’s 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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Over 125 years ago, Frederik and Gerard Philips started a small light bulb company in Eindhoven. Little did they realize that it would become a global force of innovation, committed to improving billions of lives worldwide. But it did. Today, Philips is a world leading health technology company with a vision to make life better for people worldwide through meaningful innovation. Making good on this promise depends on our passionate, inspirational, collaborative and diverse team. We have over 80,000+ brilliant people around the world but are always looking for more. Like-minded, motivated, focused minds to join us in creating a healthier, more connected society while tranforming themselves personally and professionally. Working at Philips is more than a job. It's an experience filled with unexcepted moments that will transform you in lasting and positive ways. Help us improve the world for the better while building a career that no one could have planned for. Even you.




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