Sr. Program Manager – Cost Excellence Contract Manufacturing

Medtronic • Minneapolis, MN

8d • 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 Bring your talents to an industry leader in medical technology and healthcare solutions – we’re a market leader growing daily. You can be proud to be a part of technologies rooted in our long history of mission-driven innovation. You will be empowered to shape your own career. We support your growth with the training, mentorship, and guidance you need to own your future success. Together, we can transform healthcare. Join our Global Supply Management team as a Senior Program Manager for the Cost Excellence Ideation Team, where you will play a critical role in developing material cost savings strategies and opportunities across Medtronic’s $6bn of annual material spend. 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. As the Sr. Program Manager – Cost Excellence, you’ll play a pivotal role in driving material cost savings and operational excellence across Medtronic’s Contract Manufacturing Portfolio. Your day will be dynamic, engaging both strategic thinking and hands-on collaboration:

Requirements

• Bachelor’s degree and 7 years strategic business or sourcing support experience, or a master's degree with 5 years of strategic business or sourcing support 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.

Nice To Haves

• Proven experience in supplier bid analysis, supplier selection for medical devices, and make-vs-buy analysis to optimize sourcing decisions.
• Familiarity with cardiovascular products and their unique requirements within the medical device industry.
• Hands-on experience with electro-mechanical assemblies, including PCB/PCA manufacturing, cable assemblies, and implantable device design requirements.
• Skilled in leveraging analytics tools such as Power BI and Planisware for data-driven decision making and program management.
• Demonstrated application of Lean methodologies to drive operational excellence and cost efficiency.
• High degree of business acumen with the ability to analyze financial data and translate insights into actionable cost savings strategies.
• Track record of leading cost savings initiatives and achieving measurable savings goals across diverse product portfolios.
• Ability to balance and manage priorities across a wide range of products and projects.
• Strong ability to collaborate effectively with cross-functional teams and influence stakeholders at all levels.

Responsibilities

• Assess, bundle, and prioritize a diverse pipeline of cost savings initiatives, ensuring balanced delivery across multiple savings levers to support Medtronic’s goal of $300M in annual material cost reductions.
• Develop and implement comprehensive cost management strategies for high-impact value streams, leveraging expertise in supplier bid analysis, make-vs-buy decisions, and medical device sourcing.
• Use advanced analytics tools (Power BI, Planisware) to analyze spend data, uncover key trends, and identify actionable opportunities for cost optimization.
• Design and deploy improved business processes, systems, and tools across teams and partner functions, applying Lean methodologies and best practices to maximize efficiency and cost savings.
• Lead operating mechanisms, track key performance indicators, and drive collaborative problem-solving in tier meetings.
• Work closely with the evaluation team to develop and ensure robust financial analysis and high-confidence recommendations.
• Prepare and present program updates to senior leadership during monthly operating reviews, translating complex data and business insights into clear, actionable strategies.
• Lead and participate in cross-functional ideation events to uncover new material cost savings opportunities.
• Partner with stakeholders across Category Management, Supplier Optimization, VAVE, and other organizations to generate, evaluate, and implement programmatic savings ideas.

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