Principal Strategic Sourcing Specialist-Consulting
About The Position
The Principal Strategic Sourcing Specialist, Consulting, is part of Medtronic’s Indirect Supply Management organization and Global Consulting and Marketing Services team. The role owns sourcing strategy for a global consulting services portfolio with approximately $100 million in annual spend, partnering with stakeholders across functions, regions, and business units to optimize supplier performance, mitigate risk, and deliver measurable business value. The position is based in Fridley, Minnesota and follows an onsite work model, requiring a minimum of four days per week in the office. The specialist develops and executes sourcing strategies, leads complex negotiations with consulting firms, and influences decisions that support enterprise priorities. The role requires close collaboration with senior leaders, effective adaptation to changing priorities, executive presence, sound judgment, and emotional intelligence. The team encourages employees at every level to be bold, curious, accountable, proactive, and solution-oriented.
Requirements
- Bachelor’s degree and at least 7 years of sourcing, procurement, supply chain, or related business experience; or an advanced degree and at least 5 years of such experience.
- Experience leading strategic sourcing initiatives, supplier negotiations, and contract discussions across indirect spend categories.
- Experience managing cross-functional stakeholder relationships and collaborating within a matrixed organization.
- Experience analyzing data and market information to support sourcing strategies, business cases, and decision-making.
- Experience managing multiple projects, priorities, and deadlines concurrently.
- For baccalaureate degrees earned outside the United States, a degree that satisfies the requirements of 8 C.F.R. § 214.2(h)(4)(iii)(A) is required.
Nice To Haves
- Experience sourcing consulting services or other professional services categories.
- Experience developing category strategies and leading competitive sourcing events for complex spend portfolios.
- Advanced proficiency with Microsoft Excel and Microsoft PowerPoint for data analysis, reporting, and executive presentations.
- Experience presenting sourcing recommendations, savings opportunities, and business cases to senior leadership.
- Experience working within a global organization with cross-regional stakeholders and suppliers.
Responsibilities
- Develop and execute global category strategies for consulting services aligned with business objectives and enterprise priorities.
- Lead competitive sourcing events, including Requests for Proposal (RFPs), Requests for Information (RFIs), and other sourcing processes.
- Analyze spend data, market intelligence, supplier capabilities, and rate benchmarks to identify value opportunities and inform sourcing decisions.
- Negotiate consulting agreements, scopes of work, commercial terms, pricing structures, and contract provisions to mitigate risk and optimize business outcomes.
- Partner with senior stakeholders across functions, regions, and business units to understand requirements, build alignment, and influence sourcing decisions.
- Prepare and present category insights, sourcing recommendations, and business cases to senior leadership and executive-level stakeholders.
- Manage multiple sourcing initiatives concurrently while balancing short-term business needs with longer-term category strategies.
- Drive continuous improvement through supplier optimization, demand management, and process enhancements.
Benefits
- Competitive salary and flexible benefits package.
- Short-term incentive through the Medtronic Incentive Plan (MIP).
- Health, dental, and vision insurance for eligible regular employees working 20 or more hours per week.
- Health Savings Account and Healthcare Flexible Spending Account for eligible regular employees working 20 or more hours per week.
- Life insurance and long-term disability leave for eligible regular employees working 20 or more hours per week.
- Dependent daycare spending account and tuition assistance/reimbursement for eligible regular employees working 20 or more hours per week.
- Simple Steps global well-being program for eligible regular employees working 20 or more hours per week.
- Incentive plans, 401(k) plan with employer contribution and match, short-term disability, paid time off, and paid holidays for regular employees.
- Employee Stock Purchase Plan, Employee Assistance Program, Non-qualified Retirement Plan Supplement (subject to IRS earning minimums), and Capital Accumulation Plan (eligibility restrictions apply) for regular employees.
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What This Job Offers
Job Type
Full-time
Career Level
Principal
