Principal Sourcing Engineer
MedtronicAbout the role
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
As a Principal Sourcing Engineer, you will be a key member of the Diverse, Inclusive, and Global Supplier Optimization team. We seek leaders with a strong track record of delivering results in a matrixed organization, where collaboration with diverse individuals, teams, and skill sets is essential for success. The Principal Sourcing Engineer will lead, direct, plan, and execute cross-functional projects, with a focus on driving strategic decisions, managing business risks, applying technical rigor, and ensuring effective communication. The role is responsible for executing supplier transfer projects on schedule and within budget while enhancing supplier capabilities and driving operational excellence.This critical role will implement comprehensive operational strategies focused on achieving process capability through Six Sigma methodologies, ensuring value stream stability, and optimizing lead times by eliminating waste. The Principal Sourcing Engineer will also lead supplier optimization initiatives, ensuring robust supply chain resilience, cost reduction, and continuous quality improvement.
As a Principal Sourcing Engineer, you will utilize Lean Six Sigma tools to work as strategic problem solver with deep expertise in process improvement methodologies, supplier management, project leadership, and data analysis. They should possess strong communication skills and be capable of driving sustainable performance improvements within the supplier base while fostering a collaborative, continuous improvement culture.
Impact patient outcomes. Come for a job, stay for a career.
There is no relocation assistance available for this position.
Responsibilities may include the following and other duties may be assigned.
Develop and manage comprehensive business cases, including project plans, major deliverables, milestones, and financial calculations, covering capital, direct, and labor expenses.
Support the Supply Management team in identifying and executing cost-saving opportunities across key initiatives such as Manufacturing Transfers, Advanced Sourcing Ideation Program, VA/VE, and Value Stream Improvement. Leverage Lean-Sigma tools and PMP best practices to drive current and future cost savings pipelines.
Lead and provide direction to cross-functional teams on project transfers, ensuring commitments are met through effective organization, leadership, stakeholder engagement, risk management, issue resolution, and execution.
Develop and communicate project strategies, including budget development, detailed scheduling, and KPI tracking. Contribute to establishing objectives, timelines, milestones, and budgets.
Establish and manage a structured reporting framework to track and communicate project progress to stakeholders and management teams.
Utilize project management tools and risk management techniques to enhance project planning and execution rigor.
Develop and oversee Supplier Excellence programs, including performance monitoring, capability improvement initiatives, and strategic partnerships to strengthen supply chain resilience and quality. Evaluate supplier performance using Lean Six Sigma tools and key metrics such as on-time delivery, quality, cost, and lead time.
Collaborate with suppliers to assess capabilities, drive continuous improvement, and implement supplier development initiatives, mapping processes and recommending solutions for performance enhancement.
Lead supplier engagement programs focused on innovation, cost efficiency, and to optimize supplier processes using Lean Six Sigma methodologies, driving quality consistency, cost savings, and improved efficiency.
Cultivate strong supplier relationships and instill a culture of continuous improvement, advancing quality, cost, and delivery over time.
Work with suppliers to implement best-in-class manufacturing and quality control processes, ensuring compliance with industry standards and regulations.
Champion continuous improvement programs within the supplier base, fostering collaboration, innovation, and alignment with organizational goals.
Required Knowledge and Experience: Requires mastery of a specialty area and full knowledge of industry practices, typically obtained through advanced education combined with experience.
May hav
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