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

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 – Operating Unit (OU) Savings Programs, you will be a key member of Medtronic’s center-led Indirect Supply Management (ISM) team working across indirect spend categories and business units to identify and implement savings programs. In this global role, you will partner with stakeholders across sourcing category teams, functions, regions, and businesses to drive savings and improve operating margin. Reporting to the Global ISM Leader you will utilize your strong business acumen, consulting skillset, and prior sourcing experience to lead cost saving initiatives, improve operating processes, and enhance reporting and analytic capabilities.

The best candidate will possess an intrinsic drive to make a difference not only in reducing costs 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.
This role is based in the Twin Cities with a hybrid in-office option.

Responsibilities may include the following and other duties may be assigned.

• Create value in targeted functions, regions, and operating unit, by identifying and leading savings initiatives in partnership with the Finance organization and business CFOs
• Work independently to build strategic relationships with internal stakeholders and suppliers
• Develop and implement savings and process improvement strategies that result in a sustainable competitive advantage for Medtronic
• Lead process improvement and reporting & analytic initiatives in the indirect sourcing value chain
• Achieve year-on-year savings targets
• Support category-led supplier management and RF(x) events where necessary to achieve savings targets
• Opportunity to lead strategic programs to drive savings and margin improvement at the enterprise-level
• Engage and influence multiple stakeholders to adopt and implement strategies developed by category teams; Medtronic is a highly matrixed organization and having the ability to influence and leverage the matrix is a key requirement
• Interact and partner with Finance, 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 supplier and 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
• 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

Must Have: Minimum Requirements

• Bachelor’s degree required
• Minimum of 7 years of relevant experience, or advanced degree with a minimum of 5 years relevant experience

Nice to Have
 

• Complementary experience in Procure-to-pay value stream, Procurement technology, Spend analytics, Financial analysis
• Track record of progression managing programs and known as a self-starter
• Fluent with contracts and procurement systems
• Strong analytical skills and business acumen
• Demonstrated leadership, customer