Strategic Sourcing Director-IT

Medtronic•Minneapolis, MN

3d•Onsite

About The Position

Join Medtronic as the Strategic Sourcing Director-IT, where you will be a key member of Medtronic’s center-led Indirect Supply Management (ISM) team, leading a 10–12-member team managing and influencing ~$700M in annual IT spend across the Hardware, Software, Telecom, Cloud, Value-Added Resellers (VARs), and Data Center Infrastructure categories. Reporting to the Vice-President for Global Indirect Supply Management (ISM), you will partner closely with the Medtronic CIO, the IT leadership team, and other key IT leaders. Join a diverse team of innovators who bring their worldview, their unique backgrounds, and their individual life experiences to work every day. It’s no accident — we work hard to cultivate a workforce that reflects our patients and partners. We believe it’s the only way to drive healthcare forward and remain a global leader in medical technology and solutions. 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. In this global role, with the vast majority of spend concentrated in the Americas, you will partner with stakeholders across IT portfolios, business functions, and geographic regions to create value. Using your strong business acumen, you will choose the right supplier and the right engagement model and put in place contracts that will preserve and protect Medtronic’s interests. You will be joining a high-performing Sourcing team with a ‘lead from every seat’ mindset and an empowered culture. This is the role for you if you’re looking to make a mark in procurement and IT and grow as a leader.

Requirements

Bachelor’s degree plus a minimum of 10 years of relevant experience in Technology Sourcing or IT Procurement, managing a portfolio of enterprise IT suppliers with 7+ years of managerial experience, or an advanced degree plus a minimum of 8 years of relevant experience in Technology Sourcing or IT Procurement, managing a portfolio of enterprise IT suppliers with 7+ years of managerial experience
Global Category Management experience (e.g., strategy development and execution in accordance with strategic sourcing methodologies)
Understanding of underlying economics, pricing drivers, and typical contract terms of the different IT categories

Nice To Haves

Experience working in a large multi-divisional corporation
Knowledge of working in FDA-regulated industries
Excellent written and verbal communication
Excellent judgment, problem-solving, and influencing skills
Strong program management skills
Strong legal acumen
Influencing and leading internal teams and external suppliers to deliver results
Positive and energetic team player
High attention to detail
Proficient in MS Excel and MS PowerPoint

Responsibilities

Provide inspirational leadership to the team of both early career and tenured resources in managing the IT Category, identify and nurture talent, and lead by example
Create value within ~$700M in non-Services IT spend, developing and implementing strategies that result in a sustainable competitive advantage
Bring the best-in-class analytical and communication skills
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, bringing strong business and commercial acumen to deals
Lead contract negotiations
Engage and influence multiple stakeholders (primarily senior leadership) to adopt and implement strategies developed by the IT Category team; Medtronic is a highly matrixed organization, and having the ability to influence and leverage the matrix is a key requirement
Work independently and build strategic relationships with key suppliers
Interact and partner with the Office of CIO, Legal, Information Security, Privacy, Quality, and other key stakeholder groups
Provide stakeholders with a balanced view of contract risk and liabilities
Build a multi-year (at least 2 years) pipeline to support planning processes
Assist in Supplier Stratification activities (e.g., Supplier Relationship Management)
Gather market intelligence and trends for relevant categories and associated sub-categories
Systematically gather internal and external benchmarks to support sourcing efforts
Recommend solutions to business problems and/or identify opportunities for improvement
Follow governance processes and purchasing controls systems to ensure compliance
Educate and train stakeholders on key indirect supply management initiatives and policies
Establish and support a work environment of continuous improvement

Benefits

Medtronic offers a competitive Salary and flexible Benefits Package
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)