Job Description: Principal Value Analysis/Value Engineering (VAVE) Engineer
Company Overview: our client is a leading global medical devices company, dedicated to developing innovative and life-saving solutions that improve patient care and enhance healthcare outcomes. With a strong commitment to quality, innovation, and customer satisfaction, we strive to revolutionize the healthcare industry through cutting-edge technologies and exceptional products.
Position Overview: We are seeking a highly skilled and experienced Principal Value Analysis/Value Engineering (VAVE) Engineer to join our dynamic team at [Company Name]. As the Principal VAVE Engineer, you will play a pivotal role in identifying cost-saving opportunities, optimizing product design, and driving continuous improvement initiatives across our medical devices portfolio. This position presents an exciting opportunity to contribute to the development of groundbreaking healthcare solutions that impact lives globally.
Value Analysis/Value Engineering (VAVE): Lead and facilitate VAVE projects, working collaboratively with cross-functional teams to analyze existing products and processes, identify cost-saving opportunities, and propose innovative solutions to enhance overall product performance and efficiency.
Cost Optimization: Conduct thorough cost analyses on existing products, components, and manufacturing processes to identify areas for cost optimization without compromising product quality, reliability, or compliance with regulatory standards.
Design Improvement: Evaluate product design concepts and recommend enhancements to improve functionality, manufacturability, and ease of assembly. Collaborate with R&D and Product Engineering teams to implement design changes effectively.
Lifecycle Management: Develop strategies for product lifecycle management, ensuring the continual improvement of products and processes over their entire life span, from concept through end-of-life.
Continuous Improvement: Champion a culture of continuous improvement within the organization, promoting lean methodologies and driving initiatives to optimize processes, reduce waste, and enhance overall efficiency.
Risk Assessment: Collaborate with Quality and Regulatory teams to conduct risk assessments, ensuring compliance with relevant industry standards, regulations, and guidelines throughout the VAVE process.
Project Management: Effectively manage multiple VAVE projects simultaneously, ensuring adherence to timelines, budgets, and key performance indicators (KPIs).
Collaboration: Collaborate with cross-functional teams, including R&D, Product Engineering, Manufacturing, Procurement, and Quality, fostering effective communication and alignment on VAVE initiatives.
Documentation and Reporting: Prepare comprehensive reports, including project plans, progress updates, and cost-benefit analyses, and present findings and recommendations to senior management and stakeholders.
Innovation and Research: Stay abreast of industry trends, new technologies, and emerging practices in VAVE, and apply this knowledge to drive continuous improvement and innovation within the organization.
- Bachelor's degree in Electrical Engineering, Mechanical Engineering, Biomedical Engineering, or a related field. A Master's degree is preferred.
- More than 5 years of relevant experience in Value Analysis/Value Engineering within the medical devices or a related industry.
- Strong knowledge of medical device design principles, materials, and manufacturing processes.
- Proven experience in leading VAVE projects and achieving tangible cost savings.
- Solid understanding of quality management systems and relevant regulatory requirements (e.g., ISO 13485, FDA QSR, etc.).
- Excellent analytical and problem-solving skills, with the ability to think critically and strategically.
- Proficiency in project management methodologies and tools.
- Effective communication and presentation skills, with the ability to interact confidently with cross-functional teams and senior management.
- Demonstrated leadership capabilities and the ability to mentor and guide junior engineers.
Join our client and be part of a passionate and driven team dedicated to making a positive impact on global healthcare. If you are looking for a challenging and rewarding opportunity to utilize your expertise in Value Analysis/Value Engineering within the medical devices industry, we invite you to apply and contribute to our mission of transforming patient care through innovation and excellence.