Cost and Value Engineer

Job Requirements

Cost and Value Engineer

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.

Your tasks and responsibilities:

• 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.

Work Experience

Your qualifications and experience:

• 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 eng...