Design to Cost Engineer

1 month ago

Abbott Park, United States Abbott Laboratories Full time
About Abbott

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines.

We always look towards the future, anticipating medical science and technology changes. Our 114,000 colleagues serve people in more than 160 countries.

Working at Abbott

At Abbott, you can do work that matters, grow and learn, care for yourself and your family, be your true self, and live a full life. You'll also have access to:

  • Career development with an international company where you can grow your dream career.
  • Free employee medical coverage* via the Health Investment Plan (HIP) PPO.
  • An excellent retirement savings plan with a high employer contribution.
  • Tuition reimbursement, the Freedom 2 Save student debt program, and FreeU education benefit - an affordable and convenient path to getting a bachelor's degree.
  • A company recognized as a great place to work in dozens of countries worldwide and named one of the most admired companies by Fortune.
  • A company recognized as one of the best big companies to work for and the best place to work for diversity, working mothers, female executives, and scientists.
The Opportunity

A Design to Cost, DTC, Engineer is responsible for delivering Gross Margin Improvement, Securing Supply and driving Supply Chain effectiveness improvements for Abbott. Additionally, you will work with multiple Abbott businesses to identify value engineering solutions, improve supply chain resilience, and create the next generation of solutions.

You will create detailed should cost models of various technologies for Abbott products, develop a portfolio of projects to deliver GMI results in fast changing businesses environments, lead projects and supplier negotiations, and leverage technical skills to identify Value Add- Value Engineering ideas, and Design Analysis (Design for Manufacturability, Design for Cost, etc) to the respective Abbott Business Unit.

You will also collaborate with R&D Engineering on New Product Introductions to decrease time to market, increase production quality and reduce costs, co-create a Supplier Transfer Center of Excellence to accelerat transfers, minimize Abbott engineering resources required, and maximize savings for supplier transfer projects, and co-create a Supplier Collaboration Center of Excellence to identify and deliver continuous improvement across single / sole supplier's value chains from their procurement through shipment to Abbott.

Strategic Thinking:
  • Coordinate across corporate, functions, divisions to share best practices and adherence to guidelines. This will include Should Cost methodology, creating business playbooks and leading the execution at the divisional level.
  • Studying the overall needs of multiple business units to create across business solutions for Gross Margin improvements.
  • Advise business unit(s) about similar strategies employed by other healthcare companies.
Relationship Management:
  • Initiate a collaborative environment among stakeholders
  • Maintain strong relationships across various functions, demonstrate the value-add of leveraging and build enthusiasm and support for adoption.
  • Ensure optimal balance between value for money and cost savings is achieved, while ensuring quality and good customer service
  • Monitor market dynamics for category across regions
  • Continually look for opportunities for cost reductions and cost avoidance.
Requirements:
  • Bachelor of Science in Chemical, Mechanical or Industrial field, plus a minimum of 5 years of experience
  • Successful, 5-8 year track record in Sustaining Engineering, R&D, or Manufacturing Engineering.
Preferred skills:

Knowledge or experience in Injection molding, machining, sheet metal, assembly, chemical processes, PWA's, etc

  • Project Management Professional (PMP) or similar certification desirable, Six Sigma and/ or Lean methodologies

Apply Now

Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan. Free coverage applies in the next calendar year.

Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives:

Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.

Connect with us at, on Facebook at and on Twitter @AbbottNews and @AbbottGlobal.

The base pay for this position is $72,700.00 – $145, In specific locations, the pay range may vary from the range posted.

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