Philips’ Domestic Appliances business is a global leader with EUR 2.3 billion in sales in 2019 in kitchen appliances, coffee, garment care and home care appliances, with successful products such as the Airfryer, Perfect Care Steam Generators, Automatic Coffee Machines with LatteGo and SpeedPro Max Aqua vacuum cleaner, and many more that are used by millions of people every day across the world.
In January 2020, Philips announced that it would be considering new ownership options for Domestic Appliances, as it is not a strategic fit for the company’s future as a health technology leader, and committed to finding the right home for the business to ensure that it is set up for continued success serving customers, leveraging the Philips brand and driving growth across the markets that it serves.
You will work closely with the ISC teams and partnering with Entrepreneur and OEM business partner
- Works proactively with the Finance Business Partner (for Entrepreneur and Hong Kong site) to provide fast and sharp business support to businesses and different local functional teams (Supply Chain, Procurement).
- As a supply FP&A prime for Entrepreneur/OEM flows, supporting local function teams to deliver supply targets within OEM stream of Domestic Appliances.
- Provide in depth forward looking financial analysis with business insights translated from financial indication and also non-financial inputs collected from local function owners, these cover procurement saving, supply cost reduction, tooling asset investment efficiency, OEM Recoverage reporting etc .
- Work with different operational function/cost owners in OEM sites to deliver Annual Operation Plan and Quarterly Rolling Forecast.
- Building an internal network with close link with local site function owners, businesses and other FP&A finance pillars including Infosys at Chennai, India.
- Participate in different processes improvement projects and co-ordinate the implementation in local site function teams and other related teams working for Entrepreneur/OEM.
- Provide FCP calculations for OEM products flowing through Entrepreneur ORU, including detailed breakdown & calculation of all individual FCP elements (BOM, tool quote, obsolescence, Allowances, etc)
- Responsible for correct and timely Industry Ops finance deliverables as part of regular planning cycles Strategic plan, Annual Operating Plan and forecast.
- Together with Entrepreneur/OEM BP ensures quick follow-up to ad-hoc questions from the business
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