Principal Strategic Sourcing Specialist - Global Meetings Category
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, you will lead the global meeting category within our Travel & Meetings team. This critical role will drive the strategy, sourcing, negotiation, and management of meeting contracts to support Medtronic’s meetings and events worldwide. The ideal candidate will be a subject matter expert in meeting sourcing, passionate about supplier partnerships, cost optimization, and delivering value to stakeholders. You will be a key member of Medtronic’s center-led Indirect Supply Management (ISM) team and will report to the Sr Manager of Corporate Services. The opportunities to create value across this ~$200M category are limitless, and we are seeking a candidate who thrives on building new opportunities every day to learn and make a difference. The ideal candidate will have a demonstrated history of quickly building and leveraging relationships in a matrixed environment, working collaboratively to ensure team performance, and successfully influencing a variety of 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
- Minimum of 7 years of relevant experience
- Minimum of 5 years of relevant experience
Nice To Haves
- Extensive experience in Meeting Sourcing management.
- Demonstrated experience in building and executing successful strategies in Meeting 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 Meetings portfolio that utilize multiple levers to drive sustainable and incremental value, optimizing Meetings spend
- Manage Meeting Agency partnerships
- Develop and execute a global Meeting category strategy that aligns 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 Meeting 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.
- Manage rebate process and chargeback models
- 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
