Procurement Engineer

Philips; Pennsylvania; Hybrid; USD 99,000 - 157,000; Full time

Benefits offered by this job

Generous PTO

401k match

HSA contribution

Stock purchase plan

Education reimbursement

Job summary

Philips is seeking a Procurement Engineer in the Malvern, PA area to drive New Product Development and industrialize supplier bases for AM&D sensor projects. You will lead sourcing strategy, manage RFQ activities, and push for cost, quality, and risk improvements across the product lifecycle.

Ideal candidates have 2+ years of procurement leadership in regulated manufacturing, strong DFx/DFM and contract negotiation skills, and a track record of delivering cost reductions and supplier innovations

Qualifications

• 2+ years leading procurement and sourcing for new product introductions.
• Experience in regulated manufacturing environments with R&D collaboration.
• Experience with DFx/DFM, supplier negotiations, and RFQ processes.
• Strong cross-functional communication with R&D, Quality and Supply Chain.

Responsibilities

• Lead new product sourcing strategy and execution to meet cost and risk targets.
• Manage supplier engagement, BoM grids, and RFP activities through Ariba.
• Drive supplier innovation and Design for Excellence (DfX) initiatives.
• Oversee product launch readiness and lifecycle management, including ramp-up.

Skills

Procurement leadership

Sourcing strategy

RFQ management

DfX/DFM

Contract negotiations

Cross-functional collaboration

Risk management

Lean/6Sigma

Education

Bachelor's degree in Engineering/SCM

Tools

Ariba e-RFQ

I2M Planner

Job description

**Procurement Engineer**In this role, you will drive New Product Development (PDLM projects) to industrialize the supplier base for the new innovation projects and to drive Product Cost Roadmaps for Ambulatory Monitoring & Diagnostic’s (AM&D) new sensor product focused on cost, quality and risk improvements.**Your role:*** **Lead new product sourcing strategy and execution** by developing sourcing plans in I2M Planner and driving procurement deliverables that meet cost, quality, risk, and total cost of ownership (TCO) targets. Leverage competitive market benchmarks to influence sourcing decisions and project objectives.* **Manage supplier engagement and sourcing governance** by assembling NPI Bill of Material (BoM) sourcing grids, leading RFP activities through Ariba e-RFQ, and presenting recommendations to Sourcing Boards for approval. Ensure alignment between Procurement, R&D, and suppliers throughout the product development lifecycle.* **Drive supplier innovation and Design for Excellence (DfX)** initiatives to improve product cost, quality, and risk profiles. Facilitate early supplier involvement, innovation workshops, and cross-functional collaboration to integrate supplier capabilities and value-added solutions into product designs.* **Influence product design and portfolio optimization** by promoting standardization, platforming, and component simplification across product lines. Guide design specifications to maximize supplier flexibility, technology applicability, and long-term scalability.* **Lead product launch readiness and lifecycle management** by overseeing PDLM sourcing reviews, supplier capacity planning, phase-in/phase-out execution, and production ramp-up activities. Monitor post-launch performance and develop cost reduction, quality improvement, and productivity opportunities to support continuous improvement.**You're the right fit if:*** You’ve acquired 2+ years experience leading procurement and sourcing activities for new product introductions within a regulated manufacturing environment, including supplier selection, RFQ management, DfX/DFM initiatives, contract negotiations, and cross-functional collaboration with R&D, Quality, and Supply Chain teams; proven track record of delivering cost reduction programs, dual-source strategies, supplier innovation, and product lifecycle support while ensuring cost, quality, supply continuity, and business objectives are achieved.* Your skills include managing complex supplier and assurance-of-supply projects, including risk mitigation, component obsolescence, capacity planning, production launches, and engineering change management; Lean/6Sigma, Design for Excellence (DfX), supplier RFQ management, Design for Manufacturing (DFM), supplier selection, contract negotiations, and project execution.* You have a Bachelor’s degree, required, in Supply Chain Management, Industrial Engineering,Operations, Research & Development, Quality, Mechanical OR Electrical Engineering or equivalent.* You must be able to successfully perform the following minimum Physical, Cognitive and Environmental job requirements with or without accommodation for this position.* You’re an effective driver to maintain project momentum, ensure supply continuity, deliver planned cost savings, support regulatory and design changes, and execute strategic sourcing initiatives necessary to meet business objectives. May be required to travel up to 15% of the time.**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 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 improve the lives of others. * Learn more about our business.* Discover our rich and exciting history.* Learn more about our purpose.* Learn more about our culture.**Philips Transparency Details**The pay range for this position in Chicago, IL or Malvern, PA is $99,000 to $157,000.The pay range for this position in Cambridge, MA or San Diego, CA is $105,000 to $168,000.The actual base pay offered may vary within the posted ranges depending on multiple factors including job-related knowledge/skills, experience, business needs, geographical location, and internal equity. In addition, other compensation, such as an annual incentive bonus, sales commission or long-term incentives may be offered. Employees are eligible to participate in our comprehensive Philips Total Rewards benefits program, which includes a generous PTO, 401k (up to 7% match), HSA (with company contribution), stock purchase plan, education reimbursement and much more. Details about our benefits can be found here. At Philips, it is not typical for an individual to be hired at or near the top end of the range for their role and compensation decisions are dependent upon the facts and circumstances of each case. **Additional Information**US work authorization is a precondition of employment. The company will not consider candidates who require sponsorship for a work-authorized visa, now or in the future.Company relocation benefits **will not** be provided for this position. For this position, you must reside in **or** within commuting distance to Malvern, PA, Chicago, IL, Cambridge, MA or San Diego, CA**.**