Principal Strategic Sourcing Specialist – Global Hotel
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 As a Principal Strategic Sourcing Specialist – Global Hotel Category, you will be a key member of Medtronic’s center-led Indirect Supply Management (ISM) team, reporting to the Sr. Sourcing Manager of Corporate Services. You will lead the global Hotel category within our Travel & Meetings team. This critical role will drive the strategy, sourcing, negotiation, and management of hotel contracts to support Medtronic’s business travel, events, and meetings worldwide. You will bring your expertise in hotel sourcing, passion for supplier partnerships, cost optimization, and delivering value to stakeholders. The opportunities to create value within this ~$125M category are limitless, and we are seeking a candidate who thrives on generating new value and opportunities in the Indirect Sourcing-Corporate Services space. You will bring your demonstrated history of quickly identifying new opportunities, establishing and building relationships in a matrixed environment, working collaboratively to ensure team performance, and successfully influencing various stakeholders at all levels. 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 with minimum of 7 years of relevant experience OR An advanced degree with minimum of 5 years of relevant experience
Nice To Haves
- Demonstrated experience in building and executing successful strategies in Hotel Spend Management
- Ability to influence teams and external suppliers to deliver results
- Highly proficient in Excel, PowerPoint, Power BI
- Demonstrated leadership, problem-solving, communication, negotiation, tact, judgment, and organizational skills
- Demonstrated strength in analytical skills
- Global Category Management experience (Strategy development and execution in accordance to Strategic Sourcing methodology)
- Ability to partner with and influence internal stakeholders across various levels
- Proactive, self-starter able to navigate the gray areas
- Strong program management skills
- Solid business and legal acumen with a high attention to detail
- Positive and energetic team player with strong cross-functional team experience
- For Baccalaureate degrees earned outside of the United States, a degree that satisfies the requirements of 8 C.F.R. § 214.2(h)(4)(iii)(A) is required.
Responsibilities
- Identify strategies across the entire Hotel portfolio that utilize multiple levers to drive sustainable and incremental value, optimizing Hotel spend
- Develop and execute global hotel category strategies that align with Medtronic’s business objectives and travel and meeting policies
- Lead end-to-end sourcing processes including market analysis, RFP development, supplier selection, contract negotiation, and implementation
- Build strategic relationships with internal stakeholders/leadership and critical suppliers
- Engage and influence global cross functional stakeholders to adopt and implement strategies developed by the category team; Medtronic is a highly matrixed organization and having the ability to influence and leverage the matrix is a key requirement
- Develop and implement sourcing strategies that result in a sustainable competitive advantage
- Demonstrate Market Intelligence and share trends to ensure Medtronic is at the forefront of the Hotel industry
- Leverage data and analytics to create spend management recommendations
- Partner closely with key functions that support supply management (e.g., legal, finance, employee expense)
- Drive supplier performance management, including KPIs, SLAs, and quarterly business reviews.
- Recommend solutions to business problems and/or identify opportunities for improvement, and present ideas to leadership
- Educate on key indirect supply management initiatives and policies
Benefits
- 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)
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What This Job Offers
Job Type
Full-time
Career Level
Principal
