ABOUT THE ROLE
The Procurement Engineer drives strategic cost management for select Peloton products and accessories, ensuring adherence to target costs throughout their lifecycles using a bottoms-up approach. Key responsibilities include managing the total cost of ownership (TCO), optimizing the supply chain network, and supporting product development through SPOR and dual-sourcing initiatives. Additional duties encompass complexity reduction, component phase-in/phase-out planning, and end-to-end supplier process improvements. The role also involves capital expenditure (CapEx) budget oversight and statement of work (SOW) management.
YOUR DAILY IMPACT AT PELOTON
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Enhance product cost competitiveness throughout the product lifecycle by optimizing total cost of ownership (TCO).
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Collaborate with suppliers and engineering teams on value engineering, including:
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Competitive teardowns and reverse engineering.
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Should-cost and clean-sheet cost modeling.
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Concept scoping and feature tradeoff analysis
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Ensure product cost efficiency, supply chain scalability, and flexibility by:
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Providing feature-value tradeoff recommendations.
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Optimizing TCO across components and products.
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Conducting value-stream mapping to reduce supply chain lead times, costs, and enhance network flexibility.
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Supports the development of value engineering, cost engineering, and DfX certification programs to educate & train product development personnel with Peloton to develop & sustain products from a total cost of ownership (TCO) perspective.
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Oversee cost engineering activities to align bottoms-up cost estimates with target product costs, maximizing TCO.
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Manage the Supplier Plan of Record (SPOR), ensuring components are sourced on time, within budget, and to specifications through commodity management and JDM/ODM partnerships.
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Control capital expenditure (CapEx) during New Product Introduction (NPI) to achieve cost-competitive outcomes.
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Conduct Bill of Materials (BOM) risk assessments, identifying needs for alternate sourcing and mitigating supply chain risks.
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Support complexity reduction through SKU rationalization, component commonality, and supplier consolidation.
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Negotiate supplier contracts to secure favorable pricing, terms, and process improvements.
YOU BRING TO PELOTON
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Minimum of 8 years of total professional experience, with at least 5 years in advanced sourcing activities, preferably as a commodity or sourcing manager.
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Proven expertise in product-based value engineering, cost engineering, and total cost of ownership (TCO) analysis at both component and product levels.
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Experience in the ODM/OEM manufacturing industry is preferred.
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Background in designing and developing electronics or mechanical devices is a plus.
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Bachelor’s degree in engineering (BSME, BSEE) or other related technical degree. Advanced technical degree or MBA strongly preferred.
ABOUT PELOTON:
Peloton (NASDAQ: PTON) provides Members with expert instruction, and world class content to create impactful and entertaining workout experiences for anyone, anywhere and at any stage in their fitness journey. At home, outdoors, traveling, or at the gym, Peloton brings together innovative hardware, distinctive software, and exclusive content. Founded in 2012 and headquartered in New York City, Peloton has millions of Members across the US, UK, Canada, Germany, Australia, and Austria. For more information, visit www.onepeloton.com.
Peloton is an equal opportunity employer and complies with all applicable federal, state, and local fair employment practices laws. Equal employment opportunity has been, and will continue to be, a fundamental principle at Peloton, where all team members, applicants, and other covered persons are considered on the basis of their personal capabilities and qualifications without discrimination because of race, color, religion, sex, age, national origin, disability, pregnancy, genetic information, military or veteran status, sexual orientation, gender identity or expression, marital and civil partnership/union status, alienage or citizenship status, creed, genetic predisposition or carrier status, unemployment status, familial status, domestic violence, sexual violence or stalking victim status, caregiver status, or any other protected characteristic as established by applicable law. This policy of equal employment opportunity applies to all practices and procedures relating to recruitment and hiring, compensation, benefits, termination, and all other terms and conditions of employment. If you would like to request any accommodations from application through to interview, please email: applicantaccommodations@onepeloton.com.
At Peloton, we embrace technology, including AI, to enhance productivity and accelerate innovation in the work we do for our members, However, in our hiring process, our priority remains in getting to know you and your unique qualifications. To ensure a fair and equitable process, we do not permit the use of AI tools during any stage of the application and interview process. In considering you as an applicant, we want to understand your skills, experiences, and motivations without mediation through an AI system. We also want to directly assess your communication skills without the use of an AI tool.
Qualified applicants with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act, the City of Los Angeles Fair Chance Initiative for Hiring Ordinance and the San Francisco Fair Chance Ordinance, as applicable to applicants applying for positions in these jurisdictions.
Please be aware that fictitious job openings, consulting engagements, solicitations, or employment offers may be circulated on the Internet in an attempt to obtain privileged information, or to induce you to pay a fee for services related to recruitment or training. Peloton does NOT charge any application, processing, or training fee at any stage of the recruitment or hiring process. All genuine job openings will be posted here on our careers page and all communications from the Peloton recruiting team and/or hiring managers will be from an @onepeloton.com email address.
If you have any doubts about the authenticity of an email, letter or telephone communication purportedly from, for, or on behalf of Peloton, please email applicantaccommodations@onepeloton.com before taking any further action in relation to the correspondence.
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