Posted on Oct 12th 2019

Senior Industrial Cost Engineer


Full time



Posted on Oct 12th 2019


Full time



Job Title

Senior Industrial Cost Engineer

Job Description

In this role, you have the opportunity to

Be part of development teams that develop new products and solutions for millions of consumers and challenge the organization to keep focus on making the right and cost-conscious choices for consumers and Philips.

You are responsible for

Creating insights in costs of products and processes and therefore are playing a key role in advising the management and project teams at the different businesses within Philips Personal Health. Main activities are:

  • Building and understanding of cost structures of design concepts and products, evaluating design options to identify cost drivers, analyzing cost vs. benefit for optional scenarios and presenting the results for decision making in materials/components selection in close collaboration with Procurement Engineering and Industrial Cost Engineering.
  • Actively support team idea funnel process, identify and drive design to value innovation and seek cost-down opportunities of existing products by competitor product teardown analysis, value engineering and idea generating activities.
  • Supporting and challenging development, procurement, and our own factories during the innovation process to develop and deliver solution according financial and technical goals, always with the Philips "first time right" approach in mind.
  • For the innovation and business teams you will be the adviser on all financial-technical related issues, e.g. evaluating the costs of internal versus external production, TCO analysis and supplier selection as well as analyzing the business case impact (on P&L and balance sheet) for different scenarios.
  • Support the product benchmarking activities on the cost analysis.

You are a part of

You will support the Mother & Child Care business and will be part of international cross-functional teams. You will work closely together with colleagues from Production, Innovation, Engineering, Logistics, Purchasing and other departments within Philips Health Tech. You look at the scope from a technical, financial, and organizational point of view.

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

  • Bachelor or Master’s Degree preferably in Engineering, Industrial Engineering & Management, Technology and Operations Management.
  • 3 to 5 years’ experience in cost engineering and value engineering is an advantage
  • Understanding of the commercial & technical aspects and financial impact in innovation & development projects.
  • Understanding of cost price and profitability calculation methods (incl. cost prices calculations, business cases, P&L, Balance sheet)
  • Experience in manufacturing and supply chain management is an advantage.

In return, we offer you

A path towards your most rewarding career. We welcome you to a challenging, innovative environment with great opportunities for you to explore. Philips is among one of the most innovative companies investing significantly in R&D. Developing and succeeding in this world-class innovation organization will open many doors for your long-term career. We also believe that we are at our best as a company when you are at yours as a person. Thus, we offer competitive health benefits, a flexible work schedule and access to local well-being focused activities.

About Philips
We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help the lives of others.
• Learn more about our business.
• Discover our rich and exciting history.
• Learn more about our purpose.

If you’re interested in this role and have many, but not all, of the experiences needed, we encourage you to apply. You may still be the right candidate for this or other opportunities at Philips. Learn more about our commitment to diversity and inclusion here.




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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