Category Manager at Medtronic

Tempe, Arizona, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Medical Devices, HealthcareIndustries

Requirements

Bachelor's degree required
Minimum of 5 years of relevant experience, or an advanced degree with a minimum of 3 years of relevant experience
Strong track record of delivering results in a matrixed organization
Strong negotiation skills
Technical aptitude, including understanding of global markets for raw materials and secondary processes
Strong relationship-building skills
Ability to work collaboratively with diverse individuals, teams, and skill sets
Commitment to working a minimum of 4 days a week onsite

Responsibilities

Advocate on behalf of the supply management function with business units and operational partners to ensure support for core business objectives
Negotiate contracts that provide year-over-year benefits in performance
Identify and develop business cases for a healthy year-over-year cost reduction pipeline with suppliers through RFQs, should costing, process improvement, tier 2 strategies, and yield improvements
Perform market analysis to identify the best cost country sourcing for the category, provide guidance to technical sourcing and engineering with supplier innovations, and proactively develop forward buy agreements where appropriate
Define and manage winning category strategies and approaches with suppliers
Manage supplier relationships and drive year-over-year performance improvements with quality, delivery, and costs
Lead regular business reviews with suppliers
Analyze received quotations and select or recommend new suppliers
Rationalize existing supplier base through stratification, market analysis, supplier development, and supplier consolidation
Support new and on-going supplier quality audit activities to ensure the supply base has robust process controls and capabilities to meet existing and future Medtronic business requirements
Conduct supply chain risk reviews
Act independently to prescribe methods and new approaches on new and special assignments
Identify and utilize metrics, tools, business intelligence, and processes to optimize sourcing, supplier activities, and efficiencies, while working collaboratively with team members to prioritize and drive implementation
Partner and lead categories in electronics, including Distribution, COTS (Common off the shelf components), and switches and relays categories
Focus on multiple tiers in suppliers’ supply chains to maximize leverage and awareness to ensure compliance and continuity

Skills

Key technologies and capabilities for this role

Category ManagementSupply Chain ManagementNegotiationGlobal SourcingSupplier Relationship ManagementElectronics ComponentsCOTSSwitchesRelaysStrategic SourcingCost ReductionRisk ManagementComplianceTechnical AptitudeMatrix Organization

Questions & Answers

Common questions about this position

What is the work arrangement or location policy for this role?

The role requires working a minimum of 4 days a week onsite to foster professional growth and cross-functional collaboration.

What key skills are required for the Category Manager role?

The position requires strong negotiation skills, technical aptitude, strong relationship-building skills, and the ability to understand global markets of raw materials.

What does the company culture emphasize at Medtronic?

Medtronic emphasizes collaboration with diverse teams in a matrixed organization, in-person exchanges, professional growth, cross-functional collaboration, bold ideas with speed, and putting patients first.

What are the main responsibilities of the Category Manager?

Responsibilities include advocating for supply management, negotiating contracts for year-over-year benefits, developing cost reduction pipelines, performing market analysis, defining category strategies, managing supplier relationships, and conducting business reviews.

What is the salary or compensation for this position?

This information is not specified in the job description.

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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