Product Sourcing Engineer

Job Title

Product Sourcing Engineer

Job Description

Product Sourcing Engineer will be creating strategic impact by engaging early in the Advanced Development & Product Development Lifecycle Maintenance (PDLM) projects to deploy innovative solutions from the supplier base for cost, quality & risk, to industrialize the suppliers and to transfer the projects to Manufacturing & Procurement

Your role:

- Driving the sourcing plan for New Product projects using I2M Planner

- Executing the sourcing plan deliverables to ensure project targets are achieved for cost, quality, risk and optimized TCO. Influencing targets based external competitive benchmarks

- Orchestrating and assembling the sourcing grid details for the NPI BoM in partnership with Procurement and bringing it to Sourcing Board for decision

- Assembling and engaging suppliers on project BoM RFPs using Ariba e-RFQ

- Conducting DfX (Design for Excellence) activities to identify opportunity to improve product cost, quality and risk

- Conducting early supplier innovation events & workshop to bring suppliers earlier in the product innovation process

- Influencing R&D and capturing supplier innovation in the products to optimize the propositions and achieve the best value for Philips and its customers

- Developing innovative solutions to simplify, standardize or platform components or assemblies across the portfolio

- Influencing design specifications to ensure applicability to broad technology, supplier and part capability

- Leading the Product Sourcing Swim lane PDLM pre-gate reviews. Ensuring deliverables and targets are achieved for cost, quality & risk

- Managing Phase In/Out of the new product projects and transfer to Material Management for production

- Ensuring supplier readiness and installed capacity for NPI launch and ramp

- Monitoring production post release to build product cost roadmaps to drive improvements in cost, quality, risk

- Developing ideas and opportunities for product cost reduction and quality improvement and enter into the productivity funnel.

You're the right fit if:

- Bachelor's degree in engineering discipline required, MBA if preferred.

- PMP certification is preferred.

- Medical manufacturing background is a plus

- 5+ years of consistent professional trackrecord, preferably in Procurement Engineering, Strategic Sourcing, Supplier Quality, R&D, or Advanced Manufacturing Engineering

- Experience in DfX, Value Engineering, LEAN or Six Sigma

- Experience in working across New Product Introduction and Advance Development Process (e.g. PDLM)

- Deep knowledge of the long-term structural cost drivers for the assigned product. Experience in initiating and driving cost down & productivity projects.

- Knowledge of costing toolset (Should Costing, NPV, TCO) in projects.

- Ability to travel up to 15% of the time

-You must be able to successfully perform the following minimum Physical, Cognitive and Environmental job requirements with or without accommodation for this position.

About Philips

We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help improve the lives of others.

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• Discover our rich and exciting history.
• Learn more about our purpose.
• Read more about our employee benefits.

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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Philips is an Equal Employment and Opportunity Employer/Disabled/Veteran and maintains a drug-free workplace.