Hardware Component Engineer

Job Title Hardware Component Engineer Job Description Your role: • Addresses diverse complex product industrialization challenges such as component lifecycle management through innovative problem-solving, exercising sound judgment in selecting methods and techniques to devise effective solutions tailored to specific circumstances and requirements. • The role will blend technical engineering ownership with CM performance, supply continuity, and proactive component lifecycle risk management. Initiates design/process changes within at supplier sites, guided by PDLM-managed projects, ensuring seamless integration and adherence to standards and timelines throughout the process. • Partner with the CM, procurement, planning, and internal supply chain teams to improve on-time delivery (OTD/OTIF), material availability, lead times, inventory performance, and production capacity, proactively identifying and mitigating supply constraints. • Component Lifecycle & Obsolescence Management: Own proactive lifecycle management of electrical, electronic, and electromechanical components, including BOM health, PCN/EOL monitoring, obsolescence risk, alternate component identification, last-time-buy decisions, and supplier continuity, coordinating design changes and qualifications where required • Use structured problem-solving and data-driven methods to address manufacturing and supply-chain performance gaps, including supplier issues, component shortages, yield/capacity constraints, cost opportunities, and recurring production problems. Drive corrective actions through the CM and internal cross-functional teams. You're the right fit if: You’ve acquired 2+ years of experience with Bachelor's in Manufacturing/Operations environment, Engineering, Industrial Engineering, Systems Engineering, Electrical Engineering You have a Bachelor's or Master Degree in Mechanical Engineering, Electrical Engineering, Electronics Engineering, Sciences, Manufacturing Engineering or equivalent. You have a Lean Six Sigma Certification 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 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 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 MN is $101,000 to $160,000 Annually. 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 indiv