Procurement Engineer

Job Title

Procurement Engineer

Job Description

The Procurement Engineer or 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 design—ultimately 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) – cost, quality & risk optimization

BoM RFP Leadership – supplier engagement & pricing strategy

Cost Roadmapping – lifecycle cost planning & control

Supplier Innovation – early collaboration & integration

New Product Introduction (NPI) – supplier readiness & ramp-up

Manufacturing Know-how – process capability & industrialization

Cost Engineering – analysis & reduction strategies

Cross-Functional Collaboration – engineering, innovation & sourcing teams

Project Management – strategic sourcing initiatives

Supplier Relationship Management – 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 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 based role

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.

• Learn more about our business .

• Discover our rich and exciting history .

• Learn more about our purpose .

If you’re 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 here .