The Procurement Engineer will be responsible for the early involvement of procurement and suppliers in the product development/manufacturing process as well as monitoring current products to minimize the overall costs. Procurement Engineer will be one of the main interfaces to engineering from our procurement to ensure the latest technical innovations from the supply base are presented to our engineering team. Additionally, the Procurement Engineer will be at the forefront of working in design and development and interfacing with Commodity Managers on should-cost models and innovate ways to reduce costs during the design phase. Our Procurement Engineer will also be the main technical interface to our suppliers, ensuring compliance with our cost goals and technical innovations to ensure we are on the cutting edge of new technologies being invented in the supply chain.
- Early Procurement Involvement:
Engage in preliminary development. Be actively involved in the product development/manufacturing process as well as undertaking and pushing forward cost reduction measures (design to cost, target costing, standardization, key data, etc.) to achieve the target costs for materials and reduce the overall material costs by fulfilling the necessary functions. Closely aligned with our engineering community.
- Early Supplier Integration:
Include suppliers and conduct cost-benefit analysis workshops, innovation workshops, and concept competitions with key suppliers to concentrate on the key functions of the components/projects. Optimize material cost through design-to-cost activities. Review’s material cost target.
- Analysis:
Initiate market observation, conduct and provide market information/analyses on international technology and price trends to obtain new suppliers and new technologies in the supply chain.
- Alignment of Strategy & Technology Roadmaps:
Introduce and follow up given cross-functional Procurement strategies to ensure the linkage of commodity strategies and technological market trends. Participate in sourcing strategies with the commodity manager.
- Strategy deployment:
Drive sourcing decisions with interface partners to incorporate technological know-how and safeguard security strategies. Drives cross-functional sourcing concept.
- Supplier Management:
Technology Assess and develop suppliers from the technological standpoint to concentrate on the best suppliers.
- Supplier Innovation:
Maintains a strong internal and external (e.g., suppliers) innovation network, to foster value creation through supplier innovations. Able to define and implement appropriate material field and related supplier strategies, e.g., development partnerships with highly innovative suppliers.
Experience Requirements:
- Bachelor’s degree in engineering is required.
- 1-3 years experience with supplier interfacing, communication with supplier
- Ability to discuss designs with suppliers to optimize designs for manufacture and assess supplier capabilities.
- Ability to analyze material cost breakdowns and accuracy based on market values through strong analytical skills.
- Good communication, listening, good networking, and negotiation skills are required.
- Self-determined and goal-oriented, strategic, proactive, and team player with the drive to implement changes.
- Ability to travel 20%