Sr. Program Manager – Cost Optimization Cardiovascular Portfolio

Medtronic•Minneapolis, MN

9h•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 Optimization , you’ll play a pivotal role in driving material cost savings and operational excellence across Medtronic’s Cardiovascular 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.

Nice To Haves

Supplier Management Expertise: Proven experience in supplier bid analysis, supplier selection for medical devices, and make-vs-buy analysis to optimize sourcing decisions.
Cardiovascular Product Knowledge: Familiarity with cardiovascular products and their unique requirements within the medical device industry.
Electro-Mechanical Assembly Experience: Hands-on experience with electro-mechanical assemblies, including PCB/PCA manufacturing, cable assemblies, and implantable device design requirements.
Advanced Analytics Proficiency: Skilled in leveraging analytics tools such as Power BI and Planisware for data-driven decision making and program management.
Lean Belt Certification: Demonstrated application of Lean methodologies to drive operational excellence and cost efficiency.
Business Acumen & Financial Insight: High degree of business acumen with the ability to analyze financial data and translate insights into actionable cost savings strategies.
Proven Cost Optimization Leadership: Track record of leading cost savings initiatives and achieving measurable savings goals across diverse product portfolios.
Portfolio Management Skills: Ability to balance and manage priorities across a wide range of products and projects.
Cross-Functional Collaboration: Strong ability to collaborate effectively with cross-functional teams and influence stakeholders at all levels.

Responsibilities

Strategic Opportunity Prioritization: You’ll 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.
Material Cost Management: Develop and implement comprehensive cost management strategies for high-impact value streams, leveraging your expertise in supplier bid analysis, make-vs-buy decisions, and medical device sourcing.
Portfolio Spend Analysis: Use advanced analytics tools (Power BI, Planisware) to analyze spend data, uncover key trends, and identify actionable opportunities for cost optimization.
Process & Tool Improvement: 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.
Performance Tracking & Problem Solving: Lead operating mechanisms, track key performance indicators, and drive collaborative problem-solving in tier meetings.
Business Case Development: Work closely with the evaluation team to develop and ensure robust financial analysis and high-confidence recommendations.
Leadership Communication: Prepare and present program updates to senior leadership during monthly operating reviews, translating complex data and business insights into clear, actionable strategies.
Cross-Functional Ideation: Lead and participate in cross-functional ideation events to uncover new material cost savings opportunities.
Stakeholder Partnership: Partner with stakeholders across Category Management, Supplier Optimization, VAVE, and other organizations to generate, evaluate, and implement programmatic savings ideas.

Benefits

Medtronic offers a competitive Salary and flexible Benefits Package
A commitment to our employees lives at the core of our values.
We recognize their contributions.
They share in the success they help to create.
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).