Philips
Pune
Healthcare Services & Hospital
Job Title
Product Sourcing Engineer
Job Description
Philips is a global leader in health technology, committed to improving billions of lives worldwide and striving to make the world healthier and more sustainable through innovation. Driven by the vision of a better tomorrow.
But it’s not just what we do, it’s who we are. We are 80,000, wonderfully unique individuals, with two things in common. An unwavering sense of purpose and a relentless determination to deliver on our customers’ needs. It’s what inspires us to create meaningful solutions – the kind that make a real difference – when it matters most.
The world and our customers’ needs are changing faster than ever before and while we are proud of what we do already, we know we can do more. That’s why we need you, to help us tackle increasingly complex challenges posed by ever evolving health and well-being needs.
In this role, you have the opportunity to make life better
Looking at the challenges the world is facing today Philips’ purpose has never been more relevant. So whatever your role, if you share our passion for helping others, you’ll be working towards creating a better and fairer future for all.
As a Product Sourcing Engineer, you will be responsible for set-up of procurement processes in Idea to market, market to order and order to customer.
You are responsible for
- Product Sourcing Engineer drives the sourcing plan, leading supplier selection and ensuring adherence to the Business Procurement strategy
- Ensures that optimized TCO (cost, quality, availability) are assured in product and business creation and through their full life cycle, utilizing DFX. –
- Drives early supplier involvement and identifies cost drivers to influence design decision making and achieve target costing
- Collaborate with Supplier Quality in the new supplier/component release process, including compliance and sustainability aspects
- Drive concept savings in new product development in close cooperation with Marketing, Quality, SCM and development
- Provides should-cost assessments for newly proposed products
- Drives the Supplier Selection Process together with the Commodity Teams
- Aligns needs with competitive landscape and technology roadmaps
- Up to date with developments in a major commodity market and the business context relevant to that market
- Lead change
- Excellent Problem Solving Skills.
- Is able to lead complex Cost Engineering activities, manage reporting of results of complex assignments to steering boards.
- Evaluate supply base trends with respect to manufacturing systems and processes and act on the subsequent data to achieved measured results.
- Authoritative expert in the cost drivers
- Set up the right procurement set / supply chain processes for world class supply chain
- Improvements in TCO in addition to BoM cost improvement.
- Understanding the principles of Value Engineering
- Cost calculations and cost reduction advice for individual components in assigned product
- Participates in project based Cost Engineering activities, manage reporting of results within the project teams
- Analyze and anticipate cost trends, develop and review cost forecasts, translate into implications for the business
You are a part of
Product Sourcing Engineer team is responsible for set-up of procurement processes in Idea to Market, Market to order and Order to customer. KPI’s include BOM savings, procurement strategy for new products, productivity ideas and drive these with different stakeholders, supports all NPI’s, Life Cycle Management, new cost savings ideas and new procurement processes.
To succeed in this role, you’ll need a customer-first attitude and the following
- Master degree in a relevant technical discipline (e.g. Electro Technical, Mechanical, Optical, Thermal) – Extended with MBA (Optional)
- 10-14 years of relevant Strategic sourcing experience
- New Product Development experience needed
- Handled procurement spend profile of > € 50 M.
- An engineering bachelor’s degree or higher.
- Specific experience in product development (NPI) in & Supplier Development in high technology environments with high regulatory requirements with low volume high complexity manufacturing
- Working with global teams, environments and experience in managing local as well as global supply base
- Should have handled various commodities like Mechanical, Electrical, and electronics.
- Experience in Business facing role i.e., should have worked for strategic sourcing function for a business leading all commodities
- Key stake holders are R&D for Product development (NPI) and life cycle management, Operations, Supplier quality & Regulatory teams
- Knowledge of Magnetic resonance, Computed topography, Digital X Ray systems, related supplier base.
In return, we offer you
A path towards your most rewarding career. Philips is growing its marketing capability enterprise wide. Succeeding in this market-based role in a complex environment will open many doors for your long term career, in other areas in Philips or otherwise. We also believe that we are at our best as a company when you are at yours as a person. Thus, we offer competitive health benefits, a flexible work schedule and access to local well-being focused activities.
How we work at Philips
Our newly-adopted hybrid work concept fuses flexibility with collaboration to deliver great outcomes for our people and our customers. We are embracing an approach wherein we spend more time together than apart – which for full-time employees translates to an average of at least 3 days working from the office and up to 2 days from home – for our hybrid roles.
Hybrid work flexibility means people can meet the changing demands of work and home in the most balanced, productive, and healthy way. Hybrid work flexibility means people can meet the changing demands of work and home in the most balanced, productive, and healthy way.
Our hybrid working model is defined in 3 ways:
We believe in the importance of impactful collaboration: There’s a certain energy when everyone’s in the same room that can heighten idea generation and creative friction needed for problem-solving.
We embrace flexibility: Choosing where, when and how to work can vary according to task and team schedules. Flexibility isn’t office or online, it means choosing the space that works best for you, your teams and our customers on a case-by-case basis.
We want to be at our best: The way we work and our workspaces are designed to support our well-being, offer career advancement opportunities, and enable us to be at our best.
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 innovative, customer-first health technology solutions. Help us improve the health and well-being of billions of people, every year. Ultimately creating a career that no one could have planned for. Even you.
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