Job Title

Job Description

If you are a Colorado resident and this role is a field-based or remote role, you may be eligible to receive additional information about the compensation and benefits for this role, which we will provide upon request.  You may contact 888-367-7223, option 5, for assistance.

In this role, you have the opportunity to

Product Sourcing Engineer is responsible to drive Advanced Development & New Product Development (PDLM projects) to industrialize the supplier base for the new innovation projects and to drive Product Cost Roadmaps for released products focused on cost, quality, and risk improvements.

You are responsible for

Create 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.

• Drive the sourcing plan for New Product projects using I2M Planner
• Execute the sourcing plan deliverables to ensure project targets are achieved for cost, quality, risk and optimized TCO.  Influence targets based external competitive benchmarks
• Orchestrate and assemble the sourcing grid details for the NPI BoM in partnership with Procurement and bring to Sourcing Board for decision
• Assemble and engage suppliers on project BoM RFPs using Ariba e-RFQ
• Conduct DfX activities to identify opportunity to improve product cost, quality and risk
• Conduct early supplier innovation events to bring suppliers earlier in the product innovation process
• Influence R&D and capture supplier innovation in the products to optimize the propositions and achieve the best value for Philips and its customers
• Develop innovative solutions to simplify, standardize or platform components or assemblies across the portfolio
• Influence design specifications to ensure applicability to broad technology, supplier and part capability
• Lead the Product Sourcing Swim lane PDLM pre-gate reviews.  Ensure deliverables and targets are achieved for cost, quality & risk
• Manage Phase In/Out of the new product projects and transfer to OMM for production
• Ensure supplier readiness and installed capacity for NPI launch and ramp
• Monitor production post release to build product cost roadmaps to drive improvements in cost, quality, risk
• Develop ideas and opportunities for product cost reduction and quality improvement and enter into the SMRS funnel (IL0)

To succeed in this role, you should have the following skills and experience

• Bachelor's degree in Electrical Engineering or equivalent; Masters degree or MBA preferred
• Procurement Management or Supply Chain related Professional with a 6 + years proven track record
• Cross-functional Influencing
• Effective Communication
• Engineering Curiosity
• Innovative
• Project Management
• Engineering / technology Domain Expertise
• DfX Methodology
• Cost Analysis (Product Should Cost/Tear Down)
• Statistical Methods (Six Sigma/Lean/DOE/V&V)
• Part Qualification (APQP)