Procurement Engineer

Job Title

Procurement Engineer

Job Description

The Procurement Engineer supports the execution of procurement projects contributes to cost optimization, lifecycle management, and procurement project execution, while adhering to Philips procurement standards and project management practices.

Your role:

• Initiate and plan small-scale procurement projects or subprojects, ensuring alignment with scope, objectives, timelines, specifications, and resource needs.

• Manage the savings funnel, including tracking cost-saving initiatives, monitoring progress against targets, and identifying opportunities for cost reduction and process optimization.

• Participate in Lifecycle Management (LCM) activities, collaborating with cross-functional stakeholders to ensure smooth transitions.

• Execute structured project management plans, defining scope, deliverables, schedules, and resource allocation to guide execution and control.

• Oversee project execution, monitor progress, resolve issues, and ensure compliance with procurement policies, standards, and governance.

• Identify and manage project risks and issues, escalating critical matters to stakeholders and management to minimize impact.

• Apply entrepreneurial mindset and ownership in day-to-day activities to drive results and continuous improvement.

You're the right fit you have

• Bachelor’s degree in business administration, Management, or equivalent with minimum 8 years of relevant experience in sourcing and procurement.

• Experience or exposure to managing project procurement, product changes or life cycle management for existing product

• Ability to support cost impact analysis, supplier quotations, and change implementation into factory operations

• Excellent understanding of procurement processes, cost optimization, and savings tracking

• Excellent English with strong stakeholder collaboration, ownership, and communication skills in a global set up

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 onsite 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.

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