Internship: Cost price analysis and value engineering

Start date: as soon as possible

Duration: 6 months or more

Location: Eindhoven, High Tech Campus

Time: 32 - 40 hours/week

Your role:

• Analysis / tear down products or analysis drawings of products.

• Drawing up Bill of Material of product and collecting material information that is necessary for a cost price analysis.

• Set up process flow and collect process information needed for a cost price analysis.

• Create a cost price analysis using Cost Engineering software

• Think of alternative materials, processes or alternative design to improve cost price, function and/or value for the customer.

Possible internship or graduation assignments

1) Research possible application of AI in cost price calculations in general.

2) Research possible application of AI in finding cost drivers of specific processes (for example machining, PCBA and packing).

3) Research into a standard cost breakdown format that is suitable for suppliers to fill in.

4) Research into a standard form that is suitable for collecting information in a product tear down analysis.

You're the right fit if:

1. You are currently studying in the university of applied sciences, majored in Mechanical Engineering or Industrial Engineering.

2. You have affinity with cost price analysis and value engineering.

3. You have strong communication skills and you like to work in teams in a dynamic environment.

4. Fluent Dutch is a plus.

In return, we offer you

A great opportunity to gain experience within a high-performing team. You will gain insight into significant events within Royal Philips. You will work in a team, which cooperates closely and there will be many learning and development opportunities.

Next to that, we are offering a decent internship package:

• Monthly full-time allowance between €500 - €700 gross, depending on educational level and if you would need to relocate to The Netherlands. If you will perform a part-time internship you will receive the allowance pro-rata.

• Housing compensation, in case of relocating to the vicinity of the office, €300,- net if location is in the vicinity of Amsterdam, €255,- net for all other Philips locations. You need to provide a rental contract of the land lord, and your normal home-work travel distance need to be more than 50 km or travel time (one way trip) need to be more than 1.5 hours.

• Travel compensation, if you are not eligible for a free public transport card; you will receive max. €192,- net.

• Paid holidays per internship term.

• The opportunity to buy Philips equipment at our Philips shop.

IMPORTANT:

Part of our selection procedure is a HireVue online interview recording. We are not able to share the outcome of this HireVue interview but will use this as extra selection criteria.

In order to be considered, you have to be registered as a student during the entire internship period. Formal documentation will be requested. Please note that the contents of our regular internship assignments are not suitable for professionals (and/or MBA students) with professional work experience.

About Philips
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If you’re interested in this role and have many, but not all, of the experiences needed, we encourage you to apply. You may still be the right candidate for this or other opportunities at Philips. Learn more about our commitment to diversity and inclusion here.

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