Cost Excellence Program Manager- Packaging & Specialty Materials

Medtronic•Minneapolis, MN

1d•Onsite

About The Position

At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You’ll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world. A Day in the Life Bring your talents to an industry leader in medical technology and healthcare solutions – we’re a market leader growing daily. You can be proud to be a part of technologies rooted in our long history of mission-driven innovation. You will be empowered to shape your own career. We support your growth with the training, mentorship, and guidance you need to own your future success. Together, we can transform healthcare. Join our Global Supply Management team as a Program Manager for the Cost Excellence Ideation Team, where you will play a critical role in developing material cost savings strategies and opportunities across Medtronic’s $6bn of annual material spend. At Medtronic, we bring bold ideas forward with speed and decisiveness to put patients first in everything we do. In-person exchanges are invaluable to our work. We’re working a minimum of 4 days a week onsite as part of our commitment to fostering a culture of professional growth and cross-functional collaboration as we work together to engineer the extraordinary.

Requirements

Bachelor’s degree and 5 years’ strategic business or sourcing support experience, or a master's degree with 3 years of strategic business or sourcing support experience

Nice To Haves

A bility to manage priorities across a diverse portfolio of products and spend
Experience with supplier bid analysis, supplier selection for medical devices, or make vs buy analysis
Understanding of primary, secondary, and tertiary packaging
Understanding of specialty chemicals
Proficiency in analytics, particularly with Power BI and Planisware
High degree of business acumen and financial insight
Experience leading cost savings to achieve measurable savings goals
Ability to collaborate effectively across teams and influence stakeholders.

Responsibilities

Develop and execute a comprehensive cost management strategy for $850M of annual spend
Support c ategory management with strategy development
Create year-over-year targeted material cost strategies for strategic suppliers
Lead and participate in cross-functional ideation events to identify savings opportunities
Collaborate to develop and review project business cases
Partner with Stakeholders across Catego ry Management, Supplier Optimization, Divisional Packaging, Ops Sourcing, Manufacturing, and other organization s to generate & evaluate programmatic savings ideas
Prioritize and bundle a pipeline of opportunities to ensure balanced delivery across savings levers for sustainable success and help Medtronic reach its margin expansion goals
T rack key performance indicators (KPIs) and present updates to senior leadership
Create & improve business processes, systems, & tools ; deploying solutions across team and partner functions

Benefits

Medtronic offers a competitive Salary and flexible Benefits Package
We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.
Health, Dental and vision insurance
Health Savings Account
Healthcare Flexible Spending Account
Life insurance
Long-term disability leave
Dependent daycare spending account
Tuition assistance/reimbursement
Simple Steps (global well-being program)
Incentive plans
401(k) plan plus employer contribution and match
Short-term disability
Paid time off
Paid holidays
Employee Stock Purchase Plan
Employee Assistance Program
Non-qualified Retirement Plan Supplement (subject to IRS earning minimums)
Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums)