Principal Strategic Sourcing Specialist

Medtronic • Ponce, PR

13h • Hybrid

About The Position

Responsible for addressing supply-related issues in coordination with Site Operations, Planning, Quality, and Finance departments. Participate in and provide leadership of strategic sourcing activities, with an emphasis on product lifecycle and supplier management. Responsible for product lifecycle processes, including product and component P-I/P-O (phase-in/phase-out), and support for SIP (Strategic Inventory Purchases), Last Time Buy (LTB), and excess & obsolete (E&O) inventory processes. Provide analytical and problem-solving abilities to apply structured methodologies in identifying root causes of supply disruptions and implement corrective actions using Root Cause Analysis (RCA), 5Whys and cause mapping. Support supplier capacity planning and assist sourcing leaders in identifying and addressing capacity constraints through participation in SIOP (Sales, Inventory, and Operations Planning) activities. Responsible for dual-source initiatives, including evaluation and integration of alternative suppliers to mitigate risk, planning systems and frameworks, including Master Production Schedule (MPS) processes, through line down emails following up the most critical parts. Collaborate across plants to maintain Material Usage Variance (MUV) within target with responsibilities for inventory control strategies, including inventory reserves, safety stock management, and continuity of supply. Relocation assistance is not available for this position. Position works a hybrid model and will be onsite in Ponce, PR at least 4 days per week.

Requirements

• Bachelor’s Degree in Industrial, Mechanical or Biomedical Engineering or related engineering field.
• Five (5) years of progressive post baccalaureate experience as a Strategic Sourcing Specialist, Buyer or related occupation.
• At least five (5) years’ experience with Product lifecycle processes, including product and component P-I/P-O, and support for Strategic Inventory Purchases, LTB, and E&O inventory processes.
• At least five (5) years’ experience with Root Cause Analysis, 5Whys, and cause mapping.
• At least five (5) years’ experience supporting supplier capacity planning and constraints in SIOP activities.
• At least five (5) years’ experience with dual-source initiatives, including evaluation and integration of alternative suppliers to mitigate risk.
• At least five (5) years’ experience with planning systems and frameworks, including MPS processes.
• At least five (5) years’ experience collaborating across plants to maintain MUV within target, inventory control strategies, including inventory reserves, safety stock management, and continuity of supply.
• Possess unrestricted U.S. work authorization at the time of hire and for the duration of employment (for roles below Principal level, but this is a Principal level role).

Responsibilities

• Addressing supply-related issues in coordination with Site Operations, Planning, Quality, and Finance departments.
• Participating in and providing leadership of strategic sourcing activities, with an emphasis on product lifecycle and supplier management.
• Managing product lifecycle processes, including product and component P-I/P-O (phase-in/phase-out), and support for SIP (Strategic Inventory Purchases), Last Time Buy (LTB), and excess & obsolete (E&O) inventory processes.
• Providing analytical and problem-solving abilities to apply structured methodologies in identifying root causes of supply disruptions and implement corrective actions using Root Cause Analysis (RCA), 5Whys and cause mapping.
• Supporting supplier capacity planning and assisting sourcing leaders in identifying and addressing capacity constraints through participation in SIOP (Sales, Inventory, and Operations Planning) activities.
• Managing dual-source initiatives, including evaluation and integration of alternative suppliers to mitigate risk.
• Managing planning systems and frameworks, including Master Production Schedule (MPS) processes, through line down emails following up the most critical parts.
• Collaborating across plants to maintain Material Usage Variance (MUV) within target.
• Implementing inventory control strategies, including inventory reserves, safety stock management, and continuity of supply.

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)

What This Job Offers

• Job Type: Full-time
• Career Level: Principal