At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You’ll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world.

A Day in the Life

Job Description : Should Costing – Mechanical

Work Location :- Remote

A Day in the Life

• Attend daily team meetings and weekly tier management meetings
• Maintain individual service level by delivering timely should cost models to customer
• Clear communication skills to lead scoping calls, project updates and results directly with customers – typically category managers or sourcing engineers.
• Be able to recommend strategies to close gap-to-target with customers on major cost drivers.
• Available to actively participate in negotiations directly with supplier.
• Maintain standard documentation to integrate cost model data into overall Cost Analytics.
• Be flexible to work during US office hours (till late evenings).

Must Have Minimum Qualifications

• Bachelor's degree in Mechanical Engineering, Industrial & Production, Operations, or related fields.
• 4 to 7 years of overall experience, with 2 to 3 years in Cost modeling/Should costing.
• Good knowledge on injection molding plastic parts, machined parts, packaging, etc.
• Proficiency in different manufacturing processes and understanding of engineering drawings.
• Ability to understand the manufacturing process and quality requirements of medical devices.
• Strong interaction skills with internal and external teams.
• Excellent verbal and written communication skills in English.
• Exceptional time management and professionalism.
• Strong interpersonal and presentation skills.
• Ensure seamless communication across different global business units and global functions.
• Ability to effectively work and coordinate with cross-functional teams.
• Ability to read 2D and 3D drawings (experience with CAD software, preferably Creo).

Nice to Haves

• Knowledge of various should cost analysis software/tools, e.g., aPriori, McKinsey Cleansheet, etc.
• Experience in new product development and design iterations.
• Ability to perform supplier pricing/costing analysis and develop plans to reduce costs.
• Knowledge of value analysis and value engineering.
• Familiarity with analytics and reporting tools: Power BI, SharePoint, SQL
• Ability to work with minimal direction and supervision, manage timelines and expectations, adjust for unplanned assignments, and adapt to changing priorities.

Physical Job Requirements

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position. 

Benefits & Compensation

Medtronic offers a competitive Salary and flexible Benefits Package
A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create.  We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.
 

About Medtronic

We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions.
Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 95,000+ passionate people. 
We are engineers at heart— putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.

Learn more about our business, mission, and our commitment to diversity here