Procurement Engineer

Philips • Chicago, IL

1d • Hybrid

About The Position

The Procurement Engineer drives new product development and product lifecycle management (PDLM) projects to industrialize the supplier base for new innovation projects and develops Product Cost Roadmaps for Ambulatory Monitoring & Diagnostic’s new sensor products, focusing on cost, quality, and risk improvements. The role develops and executes sourcing plans, supports supplier selection and governance, and aligns Procurement, R&D, and suppliers throughout product development. It also advances supplier innovation and Design for Excellence initiatives, influences product design and portfolio optimization, and supports launch readiness and ongoing lifecycle improvement.

This is an office role. Office-based teams work in person at least three days per week. The position may require travel up to 15% of the time. Candidates must reside in or within commuting distance of Malvern, Pennsylvania; Chicago, Illinois; Cambridge, Massachusetts; or San Diego, California. US work authorization is required, and sponsorship is not available. Relocation benefits will not be provided.

Requirements

• At least 2 years of experience leading procurement and sourcing activities for new product introductions in a regulated manufacturing environment.
• Experience with supplier selection, RFQ management, DfX/DFM initiatives, contract negotiations, and cross-functional collaboration with R&D, Quality, and Supply Chain teams.
• Proven track record delivering cost reduction programs, dual-source strategies, supplier innovation, and product lifecycle support while meeting cost, quality, supply continuity, and business objectives.
• Skills in managing complex supplier and assurance-of-supply projects, including risk mitigation, component obsolescence, capacity planning, production launches, and engineering change management.
• Knowledge or experience in Lean/6Sigma, Design for Excellence (DfX), supplier RFQ management, Design for Manufacturing (DFM), supplier selection, contract negotiations, ISO 13485, and project execution.
• Bachelor’s degree in Supply Chain Management, Industrial Engineering, Operations, Research & Development, Quality, Mechanical Engineering, Electrical Engineering, or equivalent.
• US work authorization; candidates requiring work-authorized visa sponsorship now or in the future will not be considered.
• Ability to reside in or within commuting distance of Malvern, PA; Chicago, IL; Cambridge, MA; or San Diego, CA.

Responsibilities

• Lead new product sourcing strategy and execution, including development of sourcing plans in I2M Planner and procurement deliverables that meet cost, quality, risk, and total cost of ownership targets.
• Use competitive market benchmarks to inform sourcing decisions and project objectives.
• Manage supplier engagement and sourcing governance, including preparation of NPI Bill of Material sourcing grids, leading RFP activities through Ariba e-RFQ, and presenting recommendations to Sourcing Boards for approval.
• Ensure alignment among Procurement, R&D, and suppliers throughout the product development lifecycle.
• Drive supplier innovation and Design for Excellence 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.
• Promote standardization, platforming, and component simplification across product lines to influence product design and portfolio optimization.
• Guide design specifications to maximize supplier flexibility, technology applicability, and long-term scalability.
• Oversee 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.
• Maintain project momentum, ensure supply continuity, deliver planned cost savings, support regulatory and design changes, and execute strategic sourcing initiatives.

Benefits

• Generous paid time off (PTO).
• 401(k) with up to 7% company match.
• Health Savings Account (HSA) with company contribution.
• Stock purchase plan.
• Education reimbursement.
• Other benefits through the Philips Total Rewards benefits program.
• An annual incentive bonus, sales commission, or long-term incentives may be offered.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level