Philips Procurement Engineer in Bangalore, India
A procurement professional providing annual operating plan savings through cost down projects and new product introduction projects. Considered to be a key partner in significant product cost reduction activities, in early phase innovation or in the manufacturing phase. Contributes to developing the cost engineering function.
Procurement Link in factory, participates in cost down projects
First point of escalation for delivery/quality issues, etc. at line, factory level
Executes factory related supplier improvement actions
Executes actions coming from Value Engineering projects & DfX projects in the line/factories
Executes procurement strategy, supports in phase-in/phase-out of suppliers
Puts in the procurement contractual data in MRP (lead-time, price etc.)
Represents Procurement in new Product Introduction projects
Support price negotiations with fact-based information and opportunities to drive short term product cost reduction improvement.
Support the deployment of early supplier involvement through target costing and tracking for assigned product or module.
Contribute to the development of an effective set of cost models to track “target cost” status for assigned product.
Maintain updates to the costs for assigned product/module and ensure that cost models are up to date and information is available as required.
Provides input for make or buy analysis
Supports the in/outsourcing process (e.g. knowledge transfer, supplier ramp-up); Provides input to the Commodity Teams regarding the supply base characteristics based on business requirements
Orders tools and samples related to new product development
Execute and support phase in – phase Out (PIPO) planning related to new product introduction
The Procurement Engineer may act as Supplier Account Manager assigned by, and under the delegated responsibility of the relevant commodity team
Identify opportunities in the new product design process through target costing, and managing cost drivers and data sources to improve the design decision making Support price negotiations with fact-based information and opportunities to drive short and/or long term product cost reduction improvement
Support the deployment of early supplier involvement through target costing and tracking for assigned product
Owner for delivering the cost elements for assigned product, as required improving total cost of ownership for the cost roadmaps for key products
Lead the development of an effective set of cost models to track “target cost” status for assigned product
Analyze cost trends, develop and review cost forecasts
Maintain updates to the cost drivers for assigned product and ensure that information is available as required
Excellent English written, reading and spoken ability
Learning on the Fly
Bachelor’s Degree in Electrical or Mechanical engineering or other similar technical area required. Master’s degree preferred.
5-10 years of experience in a high volume assembly-type industry in supply chain related functions or related financial controlling functions
Understanding the principles of Executing Cost Down projects and new product introduction Projects
Understanding the principles of Value Engineering