Senior Strategic Sourcing Specialist at Medtronic

Hyderabad, Telangana, India

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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 7+ years of sourcing/category management experience
Growth mindset, passion, curiosity + grit; Must demonstrate a strong desire to learn from every opportunity
Ability to influence stakeholders at all levels of the organization
Strong oral and written communication skills
Strong analytical and critical thinking skills and ability to drive actionable insights from data
Highly proficient in Microsoft Excel, Word, PowerPoint
Nice to Have: Indirect sourcing experience (Professional Services, IT or IT Services, Financial Services, Legal Services, Facilities, etc.) preferred, however will consider the right candidate with only direct materials experience
Nice to Have: Experience reviewing and drafting legal agreements

Responsibilities

Create value across the entire portfolio of ~$500M+
Work independently to build strategic relationships with internal stakeholders and suppliers
Lead reporting & data analytics for supplier management & spend program governance
Support implementation of sourcing strategies that result in a sustainable competitive advantage
Assist in supplier relationship management activities for strategic IT services categories
Achieve year on year value improvements for all aspects of service, innovation, and cost
Lead and support complete RFx events for IT services
Lead and support strategic contract negotiations for large scale engagements with sophisticated IT partners
Advise internal stakeholders with a balanced view of contract risk and liabilities and advocate for their interests
Gather market intelligence and industry trends
Recommend solutions to business problems and identify opportunities for improvement
Educate and train stakeholders on key indirect supply management initiatives and policies
Bring forth a mindset of continuous improvement

Skills

Strategic Sourcing

Category Management

Supplier Relationship Management

RFx

Contract Negotiation

Data Analytics

Market Intelligence

Stakeholder Management

Spend Analysis

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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