With the exception of independent contractors, applicants for this role will be engaged through Randstad company. When making this application your details will be automatically shared with Randstad company for registration with them, who may also contact you about other opportunities with other clients.


Industrial Cost Engineer I&D (Freelance)

Posted Mar 7, 2022
Project ID: PHILJP00024770
40 hrs/week
11 months
Starts: Apr 1, 2022
Ends: Feb 28, 2023
Payrate range
40 - 64 €/hr
Application Deadline: Apr 1, 2022 12:00 PM

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 but cost-conscious choices for consumers and Philips. 

You are responsible for 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.

Actively supporting cross-functional teams in driving design-to-value innovation and seeking cost-down opportunities of existing products by competitor analysis, value engineering and idea generating workshops.

You will initiate, participate, or lead cost improvement and DfX project teams, always searching for new developments and alternatives, which can improve our product portfolios and have a great impact on the total business. Special focus for OEM/ODM supply based innovations and lifecycle projects to augment value and reduce product cost.

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.

You will be involved in new innovation projects from the beginning to set up profitability analysis and investigating alternative scenarios to achieve our ambitious business goals 

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 PnL and balance sheet) for different scenarios.

Further you will be responsible to create and share knowledge on local cost structures and cost drivers as well as market overviews and benchmarks (e.g. typical manufacturing processes, understanding of cost and rates per region).

Support the product benchmarking activities on the cost analysis.

You are a part of

The Industrial Cost Engineering department which consists of 9 professionals, in different locations, working closely together. To fulfill the responsibilities and be able to advise the management you will be part of international cross-functional teams and work together with colleagues from Production, Innovation, Engineering, Logistics, Purchasing and other departments within Philips Health Tech.

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

  • Master or Bachelors Degree in Engineering, Industrial Engineering & Management, Technology and Operations Management, or similar degree
  • 1 to 3 years experience in development teams
  • Understanding of the commercial & technical aspects and financial impact in innovation & development projects
  • Ability to learn quickly on the job and work in a structured manner
  • Ability to quickly switch gears between detailed analyses and high-level processes.
  • Proactively challenge the organization on cost related topics
  • An ambitious team player with outstanding presentation and communication skills
  • Fluency in written/spoken English.

On the basis of his/her professional specialisation, makes a substantial contribution to the innovation of product and process. Develops new products, using the latest technologies and resources, often realising systems based on unverified specifications.

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