Job Description

Job Title Product Sourcing Engineer About Philips Philips India Limited is a subsidiary of Royal Philips of the Netherlands, a leading health technology company focused on improving people\'s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology, deep clinical, and consumer insights to deliver integrated solutions. The company is a leader in diagnostic imaging, image-guided Therapy, patient monitoring and health informatics, as well as in consumer health and home care. 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. Your responsibilities: 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) Key Performance Indicators : Deliver NPI as per plan Achieve PDLM Product Launch Targets (cost, quality, risk) Supplier DPPM per Product Supplier Incoming PPM per Product First Pass Yield per Product Capex per Product Procurement savings Procurement savings funnel Supplier Risk Supplier Dual Sourcing Education / Training & Required Skills : Bachelor\'s degree in Engineering or equivalent field Masters degree or MBA preferred Procurement Management or Supply Chain related Professional with 6-10 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) In return, we offer you A challenging, innovative environment with great opportunities to explore. Our benefits are very competitive and designed around your preferences: A rewarding career in Philips with attractive package. ` A variable bonus based on both Philips results and personal performance Extensive set of tools to drive your career, such as a personal development budget, free training and coaching Attractive collective health insurance package Opportunity to buy Philips shares and products with discount Why should you join Philips Working at Philips is more than a job. It\'s a calling to create a healthier society through meaningful work, focused on improving 3 billion lives a year by delivering innovative solutions across the health continuum. Our people experience a variety of unexpected moments when their lives and careers come together in meaningful ways. Learn more by watching this video. #L1-PHILIN

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