Procurement Engineer

Job TitleProcurement EngineerJob DescriptionProcurement EngineerIn this role, you will drive New Product Development (PDLM projects) to industrialize the supplier base for the new innovation projects and to drive Product Cost Roadmaps for Ambulatory Monitoring & Diagnostic’s (AM&D) new sensor product focused on cost, quality and risk improvements.Your role:​Lead new product sourcing strategy and execution by developing sourcing plans in I2M Planner and driving procurement deliverables that meet cost, quality, risk, and total cost of ownership (TCO) targets. Leverage competitive market benchmarks to influence sourcing decisions and project objectives.Manage supplier engagement and sourcing governance by assembling NPI Bill of Material (BoM) sourcing grids, leading RFP activities through Ariba e-RFQ, and presenting recommendations to Sourcing Boards for approval. Ensure alignment between Procurement, R&D, and suppliers throughout the product development lifecycle.Drive supplier innovation and Design for Excellence (DfX) initiatives to improve product cost, quality, and risk profiles. Facilitate early supplier involvement, innovation workshops, and cross-functional collaboration to integrate supplier capabilities and value-added solutions into product designs.Influence product design and portfolio optimization by promoting standardization, platforming, and component simplification across product lines. Guide design specifications to maximize supplier flexibility, technology applicability, and long-term scalability.Lead product launch readiness and lifecycle management by overseeing PDLM sourcing reviews, supplier capacity planning, phase-in/phase-out execution, and production ramp-up activities. Monitor post-launch performance and develop cost reduction, quality improvement, and productivity opportunities to support continuous improvement.You're the right fit if:You’ve acquired 2+ years experience leading procurement and sourcing activities for new product introductions within a regulated manufacturing environment, including supplier selection, RFQ management, DfX/DFM initiatives, contract negotiations, and cross-functional collaboration with R&D, Quality, and Supply Chain teams; proven track record of delivering cost reduction programs, dual-source strategies, supplier innovation, and product lifecycle support while ensuring cost, quality, supply continuity, and business objectives are achieved.Your skills include managing complex supplier and assurance-of-supply projects, including risk mitigation, component obsolescence, capacity planning, production launches, and engineering change management; Lean/6Sigma, Design for Excellence (DfX), supplier RFQ management, Design for Manufacturing (DFM), supplier selection, contract negotiations, ISO 13485 knowledge and project execution.You have a Bachelor’s degree, required, in Supply Chain Management, Industrial Engineering,Operations, Research & Development, Quality, Mechanical OR Electrical Engineering or equivalent.You must be able to successfully perform the following minimum Physical, Cognitive and Environmental job requirements with or without accommodation for this position.You’re an effective driver to maintain project momentum, ensure supply continuity, deliver planned cost savings, support regulatory and design changes, and execute strategic sourcing initiatives necessary to meet business objectives. May be required to travel up to 15% of the time.How we work togetherWe believe that we are better together than apart. For our office-based teams, this means working in-person at least 3 days per week. Onsite roles require full-time presence in the company’s facilities. Field roles are most effectively done outside of the company’s main facilities, generally at the customers’ or suppliers’ locations.This is an office role.About PhilipsWe 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.Learn more about our business.Discover our rich and exciting history.Learn more about our purpose.Learn more about our culture.Philips Transparency DetailsThe pay range for this position in Chicago, IL or Malvern, PA is $99,000 to $157,000.The pay range for this position in Cambridge, MA or San Diego, CA is $105,000 to $168,000.The actual base pay offered may vary within the posted ranges depending on multiple factors including job-related knowledge/skills, experience, business needs, geographical location, and internal equity. In addition, other compensation, such as an annual incentive bonus, sales commission or long-term incentives may be offered. Employees are eligible to participate in our comprehensive Philips Total Rewards benefits program, which includes a generous PTO, 401k (up to 7% match), HSA (with company contribution), stock purchase plan, education reimbursement and much more. Details about our benefits can be found here. At Philips, it is not typical for an individual to be hired at or near the top end of the range for their role and compensation decisions are dependent upon the facts and circumstances of each case. Additional InformationUS work authorization is a precondition of employment. The company will not consider candidates who require sponsorship for a work-authorized visa, now or in the future.Company relocation benefits will not be provided for this position. For this position, you must reside in or within commuting distance to Malvern, PA, Chicago, IL, Cambridge, MA or San Diego, CA.#ConnectedCare#LI-PH1This requisition is expected to stay active for 45 days but may close earlier if a successful candidate is selected or business necessity dictates. Interested candidates are encouraged to apply as soon as possible to ensure consideration.Philips is an Equal Employment and Opportunity Employer including Disability/Vets and maintains a drug-free workplace.Job SummaryJob number: 592378Profession: Supply Chain