Sr. Strategic Sourcing Specialist - Hybrid (Finance)

We anticipate the application window for this opening will close on - 23 Jan 2025

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

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 Sr. Strategic Sourcing Specialist supporting the Marketing Category, you will be a key member of Medtronic's center-led Indirect Supply Management (ISM) team and you will be responsible for managing and influencing Marketing spend. This is a global role that allows you to partner with stakeholders across many functions, regions, and businesses to drive value. The position will report to the Global ISM Sourcing Manager for Marketing. Strong business acumen and prior sourcing experience are a must as you will be called upon to support engagements with strategic partners.

A Day in the Life

As the Sr. Strategic Sourcing Specialist, you will:

• Partner closely with marketing stakeholders across all Medtronic Operating Units to understand their needs and drive value to maximize impact within given budgets
• Analyze spend data to monitor compliance to preferred supplier rosters and identify opportunities to drive value across the entire marketing portfolio of ~200M
• Work autonomously to build trusted and strategic partnerships with stakeholders and suppliers
• Develop and support the implementation of sourcing strategies that result in a sustainable competitive advantage
• Lead supplier relationship management activities for Marketing categories
• Lead supplier negotiation efforts and strategic contract negotiations
• Achieve year-on-year value improvements
• Lead and support RFx events for Marketing
• Gather and stay up to date on market intelligence and industry trends
• Educate and train stakeholders on key indirect supply management initiatives and policies
• Engage and influence stakeholders in the US, EMEA, LATAM, APAC, and Greater China regions to adopt and implement global strategies and share best practices across the globe

Must Have: Minimum Requirements

• Bachelor's degree required
• Minimum of 4 years of relevant experience, or advanced degree with a minimum of 2 years relevant experience

Nice to Have

• Indirect sourcing experience (Marketing, Professional Services, IT, Financial Services, Legal Services, Facilities, etc.) preferred, however will consider the right candidate with only direct materials experience
• Experience reviewing and drafting legal agreements
• Ability to influence stakeholders at all levels of the organization
• Strong oral and written communication skills
• Strong analytical and critical thinking skills and ability to drive actionable insights from data
• Highly proficient in Microsoft Excel, Word, PowerPoint
• Prior experience leading RFPs and contract negotiations

Physical Job Requirements

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position.

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 or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.

Benefits & Compensation

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.

Salary ranges for U.S (excl. PR) locations (USD):$82,400.00 - $123,600.00

This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP).

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 for others).

The following benefits and additional compensation are available to those regular employees who work 20+ hours per week: 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 , and Simple Steps (global well-being program).

The following benefits and additional compensation are available to all regular employees: 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) , and Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums).

Regular employees are those who are not temporary, such as interns. Temporary employees are eligible for paid sick time, as required under applicable state law, and the Employee Stock Purchase Plan. Please note some of the above benefits may not apply to workers in Puerto Rico.

Further details are available at the link below:

Medtronic benefits and compensation plans

About Medtronic

We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions.
Our Mission - to alleviate pain, restore health, and extend life - unites a global team of 90,000+ passionate people.
We are engineers at heart- putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.

Learn more about our business, mission, and our commitment to diversity here .

It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.