Principal Strategic Sourcing Specialist-MRO
At Medtronic, we not only have 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 around the world. The work we do supports the Medtronic Mission and it matters.
As the Principal Strategic Sourcing Specialist-MR, you will be a key member of Medtronic’s center-led Indirect Supply Management (ISM) team and will report to the Sr. Sourcing Manager of Global MRO. This is a global role that provides the opportunity to identify and execute value-driven strategies across many functions, regions, and businesses. These strategies will leverage Medtronic’s global scale to drive year-over-year value within the MRO space. In this role, you will partner with the center-led business engagement teams to implement pan-Medtronic strategies across the globe.
The opportunities to create value within this ~$500M category are limitless, and we are seeking a candidate who thrives on building new opportunities every day to learn and make a difference. The ideal candidate will have a demonstrated history of quickly building and leveraging relationships in a matrixed environment, working collaboratively to ensure team performance, and successfully influencing a variety of stakeholders at all levels.
A Day in the Life
As the Principal Strategic Sourcing Specialist-MRO, you will:
- Identify strategies across subcategories of the MRO supplies portfolio that utilize multiple levers/approaches to drive value.
- Work independently and build strategic relationships with internal stakeholders and suppliers.
- 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.
- Develop and implement sourcing strategies that result in a sustainable competitive advantage.
- Gather Market Intelligence and trends for relevant categories and associated subcategories.
- 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.
- Partner closely with key functions that support supply management (e.g., legal, finance, quality/compliance).
- Assist in Supplier Stratification activities and develop capability roadmaps.
- Lead contract negotiations.
- Recommend solutions to business problems and/or identify opportunities for improvement, and present ideas to leadership.
- Educate on key indirect supply management initiatives and policies.
- Develop robust data gathering and data quality maintenance protocols to ensure spend transparency and support the development of a baseline for sourcing cost reduction efforts.
- Identify insourcing and outsourcing opportunities.
- Establish and support a work environment of continuous improvement
Must Have: Minimum Requirements
- Bachelors degree required
- Minimum of 7 years of relevant Sourcing, Supply Chain, manufacturing or equivalent experience, or advanced degree with a minimum of 5 years Sourcing, Supply Chain, manufactuing or equivalent relevant experience
Nice to Have
- Demonstrated experience in building and executing successful category strategies in the MRO/Operations space
- Highly proficient in Excel, PowerPoint, Power BI
- Demonstrated leadership, customer service, problem-solving, communication, negotiation, tact, judgment, and organizational skills
- Demonstrated strength in analytical skills
- Global Category Management experience (Strategy Development and Execution following Strategic Sourcing methodology)
- Knowledge of working in FDA-regulated industries
- Ability to partner with and influence internal technical experts
- Ability to influence teams and external suppliers to deliver results
- Strong program management skills
- Solid business and legal acumen
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
This position is eligible for a short-term incentive plan. Learn more about Medtronic’s Incentive Plan (MIP) here.
The base salary range is applicable across the United States, excluding Puerto Rico and specific locations in California. The offered rate complies with federal and local regulations and may vary based on factors such as experience, certification/education, market conditions, and location. Compensation and benefits information pertains solely to candidates hired within the United States (local market compensation and benefits will apply to others).
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)
