Principal Clinical Vendor Management Analyst at Medtronic

Minneapolis, Minnesota, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical DevicesIndustries

Requirements

Bachelor’s degree with 7+ years of experience in clinical vendor management, clinical outsourcing, or supplier oversight (or advanced degree with 5+ years of relevant experience)
Relevant experience in clinical operations, clinical project management, or other clinical research roles may also be considered

Responsibilities

Demonstrates expert understanding and application of clinical vendor management principles, including vendor qualification, performance oversight, issue escalation, and risk mitigation
Partners with the contracts and legal teams during vendor selection and negotiation phases to ensure business requirements, performance metrics, and operational considerations are accurately reflected in contracts
Develops solutions to complex outsourcing challenges, leveraging creativity and innovation while ensuring alignment with Medtronic objectives and compliance requirements
Serves as a strategic advisor to study teams on supplier capabilities, sourcing strategy, and vendor engagement models
Leads or contributes to supplier governance activities, including performance reviews, relationship management, and resolution of operational issues
Independently manages complex supplier oversight challenges, balancing business needs, stakeholder priorities, and compliance obligations while maintaining focus on study milestones and deliverables
Acts as a central coordination point across internal teams (Clinical Operations, Legal, Sourcing, Quality, Data Management, etc.) to ensure seamless execution of vendor-related activities
Regularly provides status updates, risk assessments, and recommendations to study teams and leadership to ensure transparency and accountability in supplier performance
Recognized as a subject matter expert in clinical outsourcing and vendor oversight, serving as a consultant to management and a mentor to peers
Drives process improvement initiatives that strengthen vendor selection, onboarding, and oversight processes; benchmarks internally and externally; tracks and reports outcomes; and helps drive adoption across the contracting and vendor management teams
Recognizes and proactively addresses communication challenges among key stakeholders, facilitating alignment and consistent decision-making

Skills

Clinical Vendor Management

Vendor Qualification

Supplier Governance

Relationship Management

Contract Negotiation

Risk Mitigation

Performance Oversight

Issue Escalation

Clinical Outsourcing

Category Management

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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