Sr Strategic Sourcing Manager - Professional Services 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

Experience leading global sourcing initiatives for Professional Services categories (IT Services, Data and Outsourcing, HR, Consulting, Finance and Legal Services)
Ability to analyze spend, market trends, and supplier performance to identify cost reduction and service improvement opportunities
Knowledge of developing and executing category strategies aligned with business goals and regulatory requirements (FDA, ISO 13485)
Capability to manage end-to-end sourcing processes including RFPs, negotiations, vendor evaluation, and contract development
Experience leading complex negotiations for IT and R&D Services, including managed services, cloud solutions, software development, infrastructure support, and outsourcing agreements
Strong technical acumen for negotiating complex technology-related contracts, particularly in IT and R&D verticals
Ability to partner with Legal, Privacy, and Quality to ensure contracts meet regulatory and operational standards
Skills in establishing and managing SLAs and KPIs to monitor supplier performance
Expertise in mitigating supplier risks and supporting continuity and contingency plans across regions
Strong stakeholder engagement skills to foster collaborative relationships with IT, R&D, Finance, Legal, Quality, and Compliance teams
Ability to serve as a trusted advisor to business stakeholders

Responsibilities

Lead global sourcing initiatives for Professional Services categories (IT Services, Data and Outsourcing, HR, Consulting, Finance and Legal Services)
Analyze spend, market trends, and supplier performance to identify cost reduction and service improvement opportunities
Develop and execute category strategies that align with business goals and regulatory requirements (FDA, ISO 13485)
Collaborate cross-functionally with stakeholders to ensure alignment of sourcing strategies with business needs
Manage end-to-end sourcing processes including RFPs, negotiations, vendor evaluation, and contract development
Lead complex negotiations for IT and R&D Services, including managed services, cloud solutions, software development, infrastructure support, and outsourcing agreements
Partner with Legal, Privacy, and Quality to ensure contracts meet regulatory and operational standards
Negotiate complex technology-related contracts, particularly in IT and R&D verticals, leveraging strong technical acumen
Establish and manage service level agreements (SLAs) and key performance indicators (KPIs) to monitor supplier performance
Mitigate supplier risks and support the creation of robust continuity and contingency plans across regions
Foster collaborative, strategic relationships with key business stakeholders across IT, R&D, Finance, Legal, Quality, and Compliance
Serve as a trusted advisor to key business stakeholders

Skills

Key technologies and capabilities for this role

Strategic SourcingSourcing StrategySupplier ManagementCost OptimizationQuality ManagementService ExcellenceIT ServicesConsultingHR ServicesFinance ServicesLegal ServicesGlobal SourcingCategory Management

Questions & Answers

Common questions about this position

What are the main responsibilities of the Sr Strategic Sourcing Manager role?

The role involves leading global sourcing initiatives for Professional Services categories like IT Services, Data and Outsourcing, HR, Consulting, Finance and Legal Services, analyzing spend and market trends to identify cost reduction opportunities, developing category strategies aligned with business goals, and collaborating cross-functionally with stakeholders.

What categories does the Professional Services role cover?

The Professional Services category includes IT Services, Data and Outsourcing, HR, Consulting, Finance and Legal Services.

Who does this position report to?

The Sr Strategic Sourcing Manager – Professional Services role reports to the Director of Indirect Strategic Sourcing.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this role?

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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