Thermo Fisher Scientific

Procurement Category Cost Manager

Thermo Fisher Scientific • $90K — $120K *
Pittsburgh, PA 15237In-Person
Business Services
5 - 7 years of experience
1 month ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree required
  • Minimum of 5 years in sourcing, procurement analytics, cost engineering, or category management
  • Experience in cost modeling and financial analysis
  • Participation in supplier cost discussions and negotiation support
  • Proficiency in SAP, Ariba, Excel, and cost modeling tools
  • Strong communication and collaboration skills within a matrixed organization.

Responsibilities

  • Support development and application of cost models within assigned category
  • Conduct cost breakdown analyses and total cost of ownership assessments
  • Identify cost drivers and improvement opportunities for sourcing
  • Analyze supplier cost structures to identify cost-reduction opportunities
  • Participate in negotiations as a cost subject-matter contributor
  • Maintain and validate cost models for key components
  • Provide governance oversight for cost productivity initiatives.

Benefits

  • Standard Monday to Friday work schedule
  • Collaborative office environment
  • Opportunities for cross-functional collaboration and knowledge sharing
  • Involvement in meaningful cost-reduction initiatives
  • Engagement in projects aligned with sustainability and compliance standards.
Full Job Description
Work Schedule
Standard (Mon-Fri)

Environmental Conditions
Office

Job Description

Key Responsibilities:

Cost Analysis & Execution
  • Support the development and application of cost models within the assigned category.
  • Conduct cost breakdown analyses, benchmarking, and total cost of ownership (TCO) assessments.
  • Identify cost drivers and improvement opportunities to support sourcing decisions.

Supplier Cost Engagement
  • Participate in supplier cost reviews to analyze cost structures and identify cost-reduction opportunities.
  • Support supplier cost workshops and technical reviews focused on transparency and value engineering.
  • Collaborate with suppliers and internal stakeholders on cost-improvement initiatives.


Negotiation Support
  • Provide cost analysis and fact-based insights to strengthen negotiation preparation.
  • Develop cost scenarios and data-driven recommendations to support Category Managers during negotiations.
  • Participate in negotiations as a cost subject-matter contributor.


Cost Modeling & Analytics
  • Develop, validate, and maintain cost models for key components and commodities.
  • Analyze supplier cost submissions and identify variances or potential savings.
  • Present cost findings and recommendations to category leadership and stakeholders.


Cost Governance & Project Oversight
  • Provide cost governance oversight within the assigned category by ensuring cost productivity initiatives are clearly defined, tracked, and progressing according to plan.
  • Partner with project leaders to confirm cost savings initiatives are properly documented, validated, and updated in Thermo Fisher's project management tool (Per Angusta).
  • Monitor status, risks, and gaps associated with cost productivity projects and escalate concerns as appropriate.
  • Support reporting of cost productivity pipeline, realized savings, and forecasted impact to Procurement leadership.
  • Promote process discipline and data accuracy within cost tracking and savings reporting activities.


CMVA & Cross-Functional Collaboration
  • Support CMVA initiatives by providing cost data and analytical insights.
  • Collaborate with Category Managers to align cost analysis with upcoming sourcing events and supplier negotiations.
  • Contribute to dashboards, reporting materials, and governance documentation.
  • Partner with Operations, Engineering, Finance, Quality, and Business Units to align on cost expectations and improvement initiatives.
  • Ensure adherence to Thermo Fisher procurement policies, compliance standards, and sustainability initiatives.


REQUIREMENTS:
  • Bachelor's degree required
  • Minimum of 5 years of experience in sourcing, procurement analytics, cost engineering, or category management.
  • Experience conducting cost modeling and financial analysis.
  • Experience participating in supplier cost discussions and supporting negotiations.
  • Proficiency in procurement and analytical tools (SAP, Ariba, Excel; cost modeling tools preferred).
  • Strong communication and collaboration skills within a matrixed organization.


Knowledge, Skills & Abilities:
  • Strong analytical and financial acumen.
  • Ability to understand manufacturing processes and supplier cost drivers.
  • Effective participation in cost and technical discussions with suppliers and internal stakeholders.
  • Strong collaboration skills in a global, matrixed environment.
  • Ability to manage multiple priorities in a fast-paced setting.
  • Results-oriented with strong accountability and ownership mindset.
  • Continuous improvement mindset aligned with Thermo Fisher's PPI culture.

About Thermo Fisher Scientific

Thermo Fisher Scientific Careers

Join the vibrant team at Thermo Fisher Scientific, a global leader in serving science and making the world healthier, cleaner, and safer. With a workforce of over 75,000 professionals, Thermo Fisher Scientific offers unparalleled job opportunities and a culture of innovation that propels your career to new heights. Work You’ll Do At Thermo Fisher Scientific, you will be part of a team that is dedicated to enabling our customers to make the world healthier. Whether you are involved in the development of life-saving drugs or innovative environmental solutions, your work will have a profound impact on society. Our commitment to leadership in the industry is unwavering. With Thermo Fisher Scientific, you will lead projects that set standards in scientific inquiry and market leadership. You will work at the intersection of science, technology, and industry expertise, driving digital innovation in every aspect of our business. Join our diverse team of professionals and engage in roles that span across various functions and disciplines. From research and development to marketing and sales, the breadth of job opportunities available means that you can find the perfect match for your skills and passions. Innovative Work As part of our team, you will have access to cutting-edge tools and technologies that foster creativity and innovation. Thermo Fisher Scientific is home to a dynamic range of career paths, all designed to challenge you and help you grow as a professional. Our employment philosophy emphasizes diversity and inclusivity, ensuring that all team members have the opportunity to thrive. We believe in nurturing talent through robust training programs, leadership development, and opportunities for career advancement. Be Part of a Great Team Working at Thermo Fisher Scientific means being part of a global network of enthusiastic, talented, and ambitious individuals. Our culture is built on collaboration, where each member’s unique skills and perspectives are valued. You will enjoy benefits that support both your professional growth and personal well-being. Future-Proof Your Career Embark on a journey of growth and continuous learning with Thermo Fisher Scientific. We offer a variety of training and development programs that cater to your interests and career goals. From internships for budding scientists to leadership training for aspiring executives, our programs are designed to equip you with the skills needed for a successful and fulfilling career. Explore Discover how our commitment to innovation leads to advancements in health and science: [Read More] Learn about our leadership in environmental sustainability and how you can contribute: [Read More] The Thermo Fisher Scientific Difference Our global presence and commitment to innovation mean that your work extends beyond borders and makes a tangible impact worldwide. The collaboration between our teams drives our leadership in the scientific community and contributes to a culture that embraces diversity and fosters professional growth. Stay Connected Join Our Team Search open positions that match your skills and interest. We are always on the lookout for passionate, curious, and driven team players. Explore our job opportunities and find out how you can contribute to our meaningful work. SEARCH THERMO FISHER SCIENTIFIC JOBS Keep Up to Date Stay ahead with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. READ CAREERS BLOG Job Alert Emails Customize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding opportunities that await at Thermo Fisher Scientific.
Learn more about Thermo Fisher Scientific
Size
130,000 employees
Market Cap
$213.3 billion
Industry
Pharmaceuticals & Biotech
Net Income
$6.3 billion
Founded
1956
5 Year Trend
+16.5%
Revenue
$32.2 billion
NASDAQ
TMO
* Ladders Estimates

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