Associate Category Lead at Medtronic

Minneapolis, Minnesota, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Medical Devices, HealthcareIndustries

Requirements

Minimum 4 years relevant experience or advanced degree with a minimum of 2 years relevant experience
Work a minimum of 4 days a week onsite

Responsibilities

Develop and execute strategies across subcategories of the Capital portfolio that utilize multiple levers/approaches to drive value and result in a sustainable competitive advantage
Work independently and build strategic relationships with internal stakeholders and suppliers
Collaborate with and influence diverse stakeholders to develop and execute strategies, navigating and leveraging complex matrixed organizational structures to drive successful outcomes
Gather market intelligence and analyze trends for the responsible subcategories to support strategy building and execution, and inform strategic decision-making
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)
Lead Supplier Relationship Management activities for the responsible subcategories
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 development of baseline for sourcing cost reduction efforts
Identify insourcing and outsourcing opportunities
Establish and support a work environment of continuous improvement

Skills

Strategic Sourcing

Category Management

Procurement

Supply Chain Management

Stakeholder Management

Global Sourcing

Contract Negotiation

Value Creation

Matrixed Organizations

Medtronic

Develops and manufactures medical devices and therapies

About Medtronic

Medtronic provides medical technology, services, and solutions to improve patient care. The company develops a variety of medical devices, including pacemakers, insulin pumps, surgical tools, and neurostimulation devices, which help diagnose, prevent, and treat chronic diseases. These products are used by hospitals, clinics, and healthcare professionals around the world. Medtronic stands out from competitors by investing significantly in research and development to create new products and offering additional services like training and patient management programs. The goal of Medtronic is to enhance patient outcomes and lower healthcare costs through its comprehensive range of medical solutions.

Fridley, MinnesotaHeadquarters

1949Year Founded

$3.2MTotal Funding

IPOCompany Stage

Biotechnology, HealthcareIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Retirement Plan

401(k) Company Match

Employee Stock Purchase Plan

Employee Assistance Program

Wellness Program

Risks

Emerging competitors like Fire1 threaten Medtronic's heart failure management market share.

Spine biologics market growth may attract new entrants, increasing competition for Medtronic.

Recent IPOs in medtech indicate rising competition, challenging Medtronic's market position.

Differentiation

Medtronic's diverse product range spans cardiovascular, diabetes, neurological, and surgical technologies.

The company invests heavily in R&D to drive innovation in medical devices.

Medtronic offers comprehensive services, including training and technical support, enhancing product value.

Upsides

Exclusive deal with Kuros enhances Medtronic's orthopedic portfolio and market share.

Growing spine biologics market offers expansion opportunities in spinal fusion and regenerative medicine.

Balloon catheters market growth aligns with Medtronic's recent product launches, boosting cardiovascular presence.

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