Procurement Engineer

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