Design to Cost Engineer at Abbott in Illinois

Design to Cost Engineer Location: United States - Illinois - Abbott Park 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. Our 115,000 colleagues serve people in more than 160 countries. JOB DESCRIPTION: Job Description Working at Abbott At Abbott, you can do work that matters, grow, and learn, care for yourself and 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 the career you dream of. Free medical coverage for employees* via the Health Investment Plan (HIP) PPO An excellent retirement savings plan with 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 around the world and named one of the most admired companies in the world by Fortune. A company that is recognized as one of the best big companies to work for as well as a best place to work for diversity, working mothers, female executives, and scientists. The Opportunity The Design to Cost Engineer will support the development of cost-effective product designs by creating analytical cost models, simulations, and prototypes. This role works under the guidance of senior engineers to evaluate design alternatives, identify cost-saving opportunities, and contribute to data-driven decision-making across the product lifecycle. What You’ll Work On Build, maintain, and refine cost models and simulations to support design decisions Provide data-driven insights and design alternatives to engineering teams Assist in identifying cost-reduction opportunities through modeling, benchmarking, and analysis Collaborate with engineering, procurement, and manufacturing to gather inputs for model development Document, present, and communicate findings to support stakeholder decision-making Support Cost Forensic activities, including value engineering, benchmarking, supplier workshops, negotiations, and Statements of Work Track and report basic performance metrics related to cost modeling initiatives Required Qualifications Bachelor’s degree in Engineering or a related technical field 0–3 years of relevant experience (internships or co-ops applicable) Strong analytical, modeling, and problem-solving skills Basic project management and communication capabilities Ability to work effectively under the direction of senior engineers or project leads Preferred Qualifications Exposure to cost modeling, value engineering, or cost analysis methodologies Experience working in cross-functional teams (engineering, procurement, manufacturing) Familiarity with data analysis or simulation tools Interest in supplier cost analysis, benchmarking, or negotiations Ability to clearly communicate technical findings to non-technical stakeholders Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives:  www.abbottbenefits.com 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 www.abbott.com, on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews and @AbbottGlobal. The base pay for this position is $61,300.00 – $122,700.00 In specific locations, the pay range may vary from the range posted. JOB FAMILY: Product Development DIVISION: GPS Global Purchasing Services LOCATION: United States > Abbott Park : AP52 ADDITIONAL LOCATIONS: WORK SHIFT: Standard TRAVEL: Not specified MEDICAL SURVEILLANCE: Not Applicable SIGNIFICANT WORK ACTIVITIES: Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day), Keyboard use (greater or equal to 50% of the workday) Abbott is an Equal Opportunity Employer of Minorities/Women/Individuals with Disabilities/Protected Veterans. EEO is the Law link - English: http://webstorage.abbott.com/common/External/EEO_English.pdf EEO is the Law link - Espanol: http://webstorage.abbott.com/common/External/EEO_Spanish.pdf