Senior Strategic Sourcing Specialist

Medtronic • Minneapolis, MN

21d • Onsite

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 At Medtronic, we not only have the opportunity to manage indirect 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 around the world. The work we do supports the Medtronic Mission and it matters. In this role you will be a key member of Medtronic’s center-led Indirect Supply Management (ISM) team and will report to the Sr. Sourcing Manager of Global Capital. This is a role that provides the opportunity to identify and execute value-driven strategies across many functions, regions, and businesses. These strategies will leverage Medtronic’s global scale to drive year over year value within the Capital sub-categories. In this role, you will partner with the center-led business engagement teams to implement pan-Medtronic category strategies across the globe. The opportunities to create value within this ~$400M category are limitless, and we are seeking a candidate that 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, work collaboratively to ensure team performance, and successfully influence 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

• Minimum bachelor's degree and 4 years relevant experience or advanced degree with a minimum of 2 years relevant experience.

Nice To Haves

• Global Category Management experience (Strategy Development and Execution in accordance with Strategic Sourcing methodology)
• Knowledge of working in FDA regulated industries
• Ability to partner with and influence internal technical experts
• Influencing teams and external suppliers to deliver results
• Strong program management skills
• Solid business and legal acumen
• Positive and energetic team player with strong cross-functional team experience
• Demonstrated experience in building and executing successful category strategies in the Capital space
• Highly proficient in Excel, PowerPoint, Power BI
• Critical thinking
• Demonstrated leadership, customer service, problem solving, communication, negotiation, tact, judgment, and organizational skills
• Demonstrated strength in analytical skills
• High attention to detail
• Excellent written and verbal communication

Responsibilities

• Develop and execute strategies across subcategories of the Capital portfolio that utilize multiple levers/approaches to drive value and result in a sustainable competitive advantage
• Work independently and build strategic relationships with internal stakeholders and suppliers
• Adept at collaborating with and influencing diverse stakeholders to develop and execute strategies.
• Skilled in navigating and leveraging complex matrixed organizational structures like Medtronic to drive successful outcomes
• Gather market intelligence and analyze trends for the responsible subcategories to support strategy building and execution, and inform strategic decision-making
• Achieve (year-on-year) value improvements for all aspects of quality, service, innovation, and cost
• Perform RF(x) events to drive competitive pressure and ensure maximum value is realized
• Partner closely with key functions that support supply management (e.g., legal, finance, quality/compliance)
• Lead in Supplier Relationship Management activities for the responsible subcategories
• Lead contract negotiations
• 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
• Develop robust data gathering and data quality maintenance protocols to ensure spend transparency and support development of baseline for sourcing cost reduction efforts
• Identify insourcing and outsourcing opportunities
• Establish and support a work environment of continuous improvement.
• The above tasks and responsibilities are deemed as essential to this position; however, business conditions may change so flexibility is required.

Benefits

• Medtronic offers a competitive Salary and flexible Benefits Package
• We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.
• 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: Mid Level
• Number of Employees: 5,001-10,000 employees