Posted:3 weeks ago|
Platform:
On-site
Full Time
The Product Sourcing Engineer (PSE) plays a pivotal role in driving advanced and new product development efforts by establishing and industrializing the supplier base for innovation projects. The role leads the creation of Product Cost Roadmaps for existing products, aiming to deliver improvements in cost efficiency, quality, and risk mitigation. It actively engages suppliers in BoM RFP processes to secure competitive pricing and comprehensive participation, while conducting Design for Excellence (DfX) activities to enhance overall product value. The PSE facilitates early supplier innovation events to promote collaboration and technical input, working closely with Innovation and Engineering teams to incorporate breakthrough ideas into product designu2014ultimately optimizing propositions and ensuring maximum value for Philips and its customers.
Your role:
Drives supplier participation in BoM RFPs for technical fit and cost competitiveness
Leads DfX initiatives to optimize cost, quality, and product performance
Facilitates early supplier innovation and integrates it into design
Partners with Engineering to leverage supplier expertise and influence specifications
Champions product cost and quality strategies across the portfolio
Ensures supplier readiness for New Product Introductions
Builds cost roadmaps post-launch, driving continuous improvements
Shapes cost engineering strategies through cross-functional collaboration
Executes impactful sourcing, cost, and risk reduction projects
You're the right fit if you have:
Bachelor's/ Master's Degree in Electrical, Electronics, Mechanical Engineering.
10+ years of proven expertise in Product Sourcing, Supplier Innovation, and Cost Engineering, consistently driving value through strategic supplier engagement, technical insights, and process optimization.
Key Skills:
DfX (Design for Excellence) u2013 cost, quality & risk optimization
BoM RFP Leadership u2013 supplier engagement & pricing strategy
Cost Roadmapping u2013 lifecycle cost planning & control
Supplier Innovation u2013 early collaboration & integration
New Product Introduction (NPI) u2013 supplier readiness & ramp-up
Manufacturing Know-how u2013 process capability & industrialization
Cost Engineering u2013 analysis & reduction strategies
Cross-Functional Collaboration u2013 engineering, innovation & sourcing teams
Project Management u2013 strategic sourcing initiatives
Supplier Relationship Management u2013 partnerships & performance
How we work together
We 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 companyu2019s facilities.Field roles are most effectively done outside of the companyu2019s main facilities, generally at the customersu2019 or suppliersu2019 locations.This is an office based roleu00A0
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 the lives of others.u2022 Learn more about .u2022 Discover .u2022 Learn more about .
If youu2019re 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 culture of impact with care .
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