Senior Strategic Sourcing Manager
About The Position
At Medtronic, we not only get the opportunity to manage direct and indirect procure to pay categories for the largest medical device company in the world, but we also get to experience the immense sense of purpose that comes from knowing that the money we save is reinvested into technology that helps alleviate pain, restore health and extend lives of millions of patients across the world. The work we do supports the Medtronic Mission and it matters. Join Medtronic as a Senior Strategic Sourcing Manager and play a critical role in driving enterprise-wide procurement excellence. This position leads key Procure-to-Pay (P2P) workstreams focused on Price & Commercial Terms and Invoice Exception Management, in the Procure to Pay Value Stream. This role is expected to partner with cross-functional and cross-divisional teams to develop and execute Procure to Pay process improvements and strategies that optimize cost, procurement performance, risk, innovation, and supply continuity. The Senior Strategic Sourcing Manager will leverage understanding of the procure to pay process, technology, to drive operational efficiency, enhance supplier relationships, and deliver sustainable value across the organization. This is a highly visible role requiring strong strategic thinking, project leadership, supplier management, and negotiation expertise to support business objectives and improve business outcomes. Medtronic has declared its bold ambition: to become the global healthcare technology leader. By doing so, we seek to reach more patients in more meaningful ways, more quickly. To achieve this bold ambition, we must engineer a best-in-class Global Supply Management organization that supports Global Operations and Supply Chain, becoming a strategic and competitive advantage for Medtronic. 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. This role has the potential of 20% travel.
Requirements
- Bachelor’s degree required and a minimum of 7 years of strategic sourcing, procurement, or category management experience, including 5+ years of people leadership or team management experience or an advanced degree with a minimum of 5 years of relevant experience, including people leadership experience
Nice To Haves
- Demonstrated success leading teams and influencing senior stakeholders in a global, matrixed organization
- Lean Six Sigma Yellow Belt, Green Belt, or equivalent continuous improvement certification preferred
- Demonstrated success driving process standardization, automation and digital transformation initiatives
- Strong executive communication and stakeholder management skills
- Experience leading shared service organizations and large-scale operational transformations
- Strong analytical, financial, and program management capabilities
- Experience working in a large global organization with cross-regional sourcing responsibilities
- Knowledge of Procure-to-Pay (P2P), Accounts Payable, Purchase Order management, invoice processing, supplier onboarding, and vendor management
- Strong understanding of procurement controls, compliance requirements, SOX controls, and audit readiness
- Experience developing and managing operational KPIs, SLAs, scorecards, and performance metrics
- 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
- Transform and Modernize the Procure to Pay (P2P) process via process improvement and project management and sourcing expertise to cross-functional, cross-divisional teams to improve on-time payment, compliance, cost avoidance, savings and overall process efficiency. Primary focus is on the Invoice Exceptions and Price & Commercial Terms workstreams.
- Facilitate these teams in the development and execution of long-term strategies that will prioritize service, quality, and financial commitments while enabling customer and patient support.
- Develop team talent, foster belonging and create sustainable organizational capability.
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
Senior
