Senior Strategic Sourcing Manager - Direct at Medtronic

Northridge, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical DevicesIndustries

Requirements

Bachelor’s degree and a minimum of 7 years relevant experience with 5+ years of managerial experience, or advanced degree with a minimum of 5 years of relevant experience with 5+ years of managerial experience
Nice to have: MBA or Master’s in Engineering, Healthcare, or Operations
Nice to have: Lean Six Sigma, PMP, or relevant certifications

Responsibilities

Lead strategic sourcing initiatives for direct materials related to global manufacturing needs
Analyze spend, market trends, and supplier performance to identify cost reduction and service improvement opportunities
Develop and execute category strategies that align with manufacturing and enterprise goals, ensuring compliance with FDA and ISO 13485 regulations
Manage end-to-end sourcing processes including RFPs, negotiations, vendor evaluation, and contract development
Partner with Legal, Compliance, and Quality to ensure contracts meet regulatory and operational requirements
Drive supplier selection based on total value, innovation capability, scalability, and risk profile
Establish performance metrics (SLAs/KPIs) and lead regular supplier reviews to ensure suppliers meet service, quality, and cost expectations
Monitor vendor risk and support the development of contingency and continuity plans across global regions
Foster collaborative, strategic relationships with key suppliers to drive innovation and continuous improvement
Work closely with Global Manufacturing, IT, Finance, Quality, and Compliance teams to ensure sourcing solutions support business needs and compliance standards
Manage project timelines, stakeholder expectations, and communication for all sourcing initiatives
Track and report on savings, value realization, and program status to senior leadership

Skills

Strategic Sourcing

Vendor Management

Supplier Performance Optimization

Cost Reduction

Quality Management

Global Supply Chain

Sourcing Events

Procurement Strategy

Direct Materials Sourcing

Manufacturing Support

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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