Strategic Sourcing Analyst

Medtronic•Minneapolis, MN

3d•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 In this role, you will partner closely with Category Managers to deliver high-impact analytics that inform sourcing strategies, strengthen supplier negotiations, and identify cost optimization opportunities. You will translate complex data into clear, actionable insights while advancing sourcing tools, processes, and data governance standards. Success in this role requires strong analytical capability, intellectual curiosity, and the ability to collaborate cross-functionally to ensure accurate, consistent data that enables strategic decision-making.

Requirements

Bachelor’s degree required
Minimum of 2 years of relevant experience, or an advanced degree with 0 years of relevant experience

Nice To Haves

Working knowledge of supply management, supply chain, procurement, and quality processes
Experience reconciling and validating data across multiple systems and sources
Advanced proficiency in Microsoft Excel (e.g., complex formulas, Power Query, large dataset management)
Demonstrated ability to analyze data and translate findings into actionable business insights
Experience leveraging AI-enabled or advanced analytics tools to enhance sourcing and decision-making processes
Strong project management skills with the ability to drive cross-functional initiatives
Excellent written and verbal communication skills, with the ability to present insights to stakeholders at all organizational levels
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

Partner with Category Managers to develop and deliver analytics that shape sourcing strategies and drive business outcomes
Lead cost analytics initiatives that translate should cost models, RFQ to identify and quantify potentially saving opportunities
Translate complex datasets into clear, actionable insights that support sourcing decisions and supplier negotiations
Establish and maintain standardized data definitions, governance practices, and reporting methodologies to ensure consistency and accuracy
Support strategic sourcing reviews, sourcing events, and cross-functional forums with real-time analytics and data-driven recommendations
Own and continuously improve sourcing processes, reporting frameworks, and self-service tools for category teams and stakeholders
Ensure data integrity through effective management, integration, and validation across multiple systems and platforms
Partner with Category Managers to govern user-generated data, ensuring completeness, accuracy, and alignment to defined standards

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)