Product Sourcing Engineer

Job Title

Job Description

Product Sourcing Engineer– Medical Devices

Drive Advanced and New Product Development by developing and industrializing the supplier base for innovation projects, with a strong focus on cost, quality, and risk improvements. Lead supplier engagement through RFPs, DfX activities, and early innovation events to ensure competitive pricing and high-value solutions. Collaborate cross-functionally to integrate supplier innovation early, optimizing product performance and value for Philips and its customers.

Your role:

• Lead supplier engagement for Bill of Materials (BoM) RFPs, ensuring technical fit, full participation, and competitive pricing throughout new product development.

• Conduct Design for Excellence (DfX) and early supplier innovation events to improve cost, quality, and product performance while integrating supplier expertise early in the design process.

• Collaborate with Innovation and Engineering teams to incorporate supplier innovations into product design, optimizing value and customer outcomes.

• Drive strategic sourcing and cost initiatives, including product simplification, standardization, and platforming to reduce complexity and improve efficiency across the portfolio.

• Ensure supplier readiness and post-launch support, building product cost roadmaps and managing continuous improvement in cost, quality, and risk throughout the product lifecycle.

You're the right fit if:

• You’ve acquired 2+ years of experience with Bachelor's in areas such as Supply Chain Management, Engineering, Operations, Research & Development, Quality, Mechanical Engineering or equivalent OR no prior experience required with Master's Degree.

• Your skills include"quality specifications, cost and risk management, project and supply chain management, with expertise in DfX, lean methodologies, manufacturing processes, and supplier relationship evaluation to drive operational excellence and strategic value.

• You have a Bachelor's/ master's degree in industrial engineering, Electrical Engineering, Electronic Engineering, Operations, Business 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.

How we work together

We believe that we are better together than we are 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 Plymouth, Minnesota is $93,713 to $131,198

The pay range for this position in San Diego, CA is $99,960 to $139,945

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 Plymouth, Minnesota, or San Diego, CA.

This requisition is expected to stay active for 45 days but may close earlier if a successful candidate is selected or business necessity dictates.  Interested candidates are encouraged to apply as soon as possible to ensure consideration.

Philips is an Equal Employment and Opportunity Employer including Disability/Vets and maintains a drug-free workplace.