Principal Strategic Sourcing Specialist
We are a learning culture. An inventive and collaborative group. We are dedicated to making sure that every patient gets the best product — when they need it. We have strong ties to our local communities. Our vibrant employee communities respect and value individual experience and perspective as we aim to improve lives and access to healthcare.
At Medtronic, we not only get 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 across the world. The work we do supports the Medtronic Mission and it matters.
As the Principal - IT Sourcing, you will be a key member of Medtronic’s center-led Indirect Supply Management (ISM) team responsible for managing and influencing ~$500M in IT Software and Hardware spend. In this global role, you will partner with stakeholders across Functions, Regions, and Businesses to drive value. Reporting to the Global Indirect Supply Management Leader for IT Sourcing you will utilize your strong business acumen and prior sourcing experience to select the appropriate suppliers, negotiating complex contracts that will protect Medtronic’s interests.
The best candidate will possess an intrinsic drive to make a difference not only in the category of IT Sourcing but for Medtronic overall and the patients we serve. The opportunities are limitless, and we are seeking a candidate who seeks out new opportunities every day to learn and make a difference. The ideal candidate will be able to quickly build relationships, and work both independently and collaboratively with cross-functional stakeholders.
Our team culture is one where everyone is expected to ‘Lead from Every Seat.’ Regardless of level or title, everyone is encouraged to be bold, curious, accountable, proactively tackle challenges, and bring forward solutions. If you are selected for this role, remote and hybrid options are available.
A Day in the Life
As the Principal - IT Sourcing, you will:
- Create value across the entire portfolio of ~$500M of IT Software and Hardware spend
- Work independently to build strategic relationships with internal stakeholders and suppliers
- Develop and implement sourcing strategies that result in a sustainable competitive advantage for Medtronic
- Lead supplier relationship management activities and strategic supplier programs with technology partners, in collaboration with IT Vendor Management Office
- Achieve year-on-year value improvement targets for all aspects of service, innovation, and cost
- Lead RF(x) events to drive competitive pressure and ensure maximum value is realized
- Lead strategic contract negotiations for large-scale engagements with sophisticated external partners
- Engage and influence multiple stakeholders to adopt and implement strategies developed by the category team; Medtronic is a highly matrixed organization and having the ability to influence and leverage the matrix is a key requirement
- Interact and partner with IT, Legal, and other key stakeholder groups
- Recommend solutions to business problems and/or identify opportunities for improvement, and present ideas to leadership
- Advise internal stakeholders with a balanced view of contract risk and liabilities and advocate for their interests
- Gather market intelligence and industry trends; use market benchmarking to justify and rationalize deal terms to Medtronic cross-functional teams and leadership
- Recommend solutions to business problems and identify opportunities for improvement
- Educate and train stakeholders on key indirect supply management initiatives and policies
- Work alongside experienced and motivated colleagues who are collaborative, creative and know how to have fun
- 3 years of experience in Software Procurement with responsibility for enterprise-level agreements
- 7 -10 years of relevant overall experience, or advanced degree with a minimum of 5 years of relevant overall experience
- Complementary experience in Indirect Sourcing, Supply Management, Procurement, or IT
- Track record of progression managing a broad range of software agreement types and deal sizes
- Familiarity with cloud, telecom, networking, and hardware purchases
- Strong analytical skills and business acumen
- Ability to partner and influence senior leadership
- Demonstrated leadership, customer service, problem-solving, communication, negotiation, judgment, and organizational skills
- Excellent written and verbal communication with strong program management skills
- Experience influencing and leading internal teams and external suppliers to deliver results
- Aptitude to prioritize and juggle many high-visibility projects at the same time
- Ability to manage and influence stakeholders
- Experience working in a large global organization
- Fluent in reviewing and editing legal agreements
About Medtronic
Together, we can change healthcare worldwide. At Medtronic, we push the limits of what technology, therapies and services can do to help alleviate pain, restore health and extend life. We challenge ourselves and each other to make tomorrow better than yesterday. It is what makes this an exciting and rewarding place to be.
We want to accelerate and advance our ability to create meaningful innovations - but we will only succeed with the right people on our team. Let’s work together to address universal healthcare needs and improve patients’ lives. Help us shape the future.
Physical Job Requirements
The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co-workers. Contact your manager, recruiter or local HR to understand the Work Conditions and Physical requirements that may be specific to each role. (ADA-United States of America)
