Engineer III, Mechanical

Work Schedule Standard (Mon-Fri) Environmental Conditions Office Job Description At Thermo Fisher Scientific, you’ll do meaningful work that makes a positive impact on a global scale. Our teams are united by our Mission to enable our customers to make the world healthier, cleaner, and safer. We provide colleagues with opportunities to grow while developing innovative solutions that address complex scientific and manufacturing challenges.  Position Summary   We are seeking a Engineer III – Mechanical to lead should-cost analysis and cost engineering activities across complex mechanical components, assemblies, and products. This role will develop robust, data-driven cost models that improve cost transparency, enable design-to-cost decisions, strengthen supplier negotiations, and identify sustainable value improvement opportunities.  You will partner with Design Engineering, Procurement, Category Management, Manufacturing, and suppliers to understand product cost drivers and evaluate alternative materials, manufacturing processes, and design concepts. The role requires strong manufacturing process knowledge, commercial awareness, and the ability to translate engineering data into actionable cost insights.  Key Responsibilities   Develop detailed should-cost and clean-sheet cost models for mechanical components, subassemblies, and complete products  Analyze cost drivers including raw materials, manufacturing processes, cycle time, tooling, labor, machine rates, overhead, yield, and logistics   Partner with Design Engineering to embed design-to-cost and value engineering principles throughout the product development lifecycle  Perform supplier quote analysis and cost breakdown assessments , identifying gaps between supplier quotations and should-cost estimates  Collaborate with Procurement and Category Management to provide fact-based cost insights that support supplier negotiations and sourcing decisions   Evaluate alternative materials, manufacturing processes, design concepts, and sourcing scenarios to improve cost competitiveness without compromising quality or performance  Assess supplier manufacturing processes and recommend opportunities to improve productivity, manufacturability, and cost efficiency   Build product-level cost models by consolidating component, assembly, tooling, processing, and supply chain costs  Perform cost-benefit, total cost of ownership (TCO), make-versus-buy, and manufacturing footprint analyses where applicable  Establish standard work, methodologies, assumptions, and validation practices for should costing  Improve cost-model accuracy by benchmarking estimates against supplier quotations, actual costs, and manufacturing data  Lead continuous improvement of costing methodologies, databases, tools, and analytical processes   Provide technical guidance and mentoring to engineers and cross-functional teams on cost engineering and design-to-cost practices  Communicate cost insights, opportunities, risks, and recommendations clearly to technical and business stakeholders  Minimum Qualifications   Bachelor’s degree in Mechanical Engineering, Automobile Engineering, Mechatronics Engineering , or a related engineering discipline  10+ years of experience in should costing, cost engineering, manufacturing cost analysis, or value engineering   Demonstrated experience developing detailed cost models for mechanical components and manufacturing processes Preferred Qualifications   Deep manufacturing knowledge across CNC machining, sheet metal fabrication, casting, forging, plastics/injection molding, composites, rubber, metal injection molding (MIM), and related processes   Strong understanding of secondary operations, heat treatment, surface treatments, coatings, finishing, and assembly processes   Ability to interpret complex engineering drawings, GD&T, tolerances, material specifications, and BOM structures   Working knowledge of engineering and drawing standards such as ASME, ANSI, ISO, DIN, JIS, and BS   Hands-on experience with should-cost and manufacturing cost tools such as aPriori, DFMA, Costimator, or equivalent platforms   Experience with TCO, NPV, make-versus-buy, supplier cost breakdown, and cost-driver analysis   Proficiency in interpreting 2D/3D engineering data using tools such as Creo, SolidWorks, AutoCAD, or equivalent CAD platforms   Experience supporting VAVE, design-to-cost, teardown, benchmarking, and cost reduction initiatives   Strong understanding of global manufacturing economics, supplier capabilities, and regional cost drivers  Strong analytical skills with the ability to convert complex technical and commercial data into actionable recommendations  Demonstrated ability to influence Engineering, Procurement, Manufacturing, Quality, and Supplier teams in a global, matrixed environment  Strong communication, presentation, negotiation-support, and stakeholder management skills Key Skills   Should Costing, Clean-Sheet Costing, Design-to-Cost, VAVE, Cost Breakdown Analysis, Supplier Quote Analysis, Manufacturing Process Costing, Machining, Sheet Metal, Casting, Forging, Plastics, MIM, GD&T, aPriori, DFMA, Costimator, TCO/NPV, CAD Interpretation, Supplier Negotiation Support, Make-vs-Buy, Cost Benchmarking, Value Engineering Key Competencies   Cost and commercial acumen  Manufacturing process expertise  Data-driven decision-making  Structured problem-solving  Cross-functional influence  Supplier collaboration  Continuous improvement  Ownership and execution discipline