Sr Strategic Sourcing Specialist – IT 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 Devices, Diabetes TechnologyIndustries

Requirements

Bachelor’s degree in Business, IT, Supply Chain, or related field and 4 years of relevant experience, or advanced degree with a minimum of 2 years relevant experience
Proven track record of delivering cost savings and service improvements in a global, matrixed environment (nice to have)
Strong knowledge of IT vendor landscape, pricing benchmarks, and standard contract terms (nice to have)
Familiarity with security and privacy regulations in the medical device or a highly regulated industry (nice to have)
Highly self-motivated and able to work independently in a fast-paced environment with tight deadlines
Must be able to work onsite in Northridge, CA, 3 days a week
Experience working in highly regulated industry (medical device, pharmaceutical, or life sciences industries is strongly preferred)
Strong knowledge of contract negotiation, supplier performance management

Responsibilities

Lead global sourcing initiatives for IT Services, software, and cloud-based solutions
Manage and analyze complex RFPs and competitive bidding processes with a focus on driving cost, value and innovation
Develop, negotiate and execute contracts and amendments with key IT vendors, ensuring alignment with internal policies and regulatory standards
Provide expert guidance on IT pricing models, standard market rates, vendor performance, and licensing structures
Ensure sourcing activities align with security, privacy, and compliance requirements specific to the medical device industry (HIPAA, GDPR, ISO 27001, etc.)
Build and maintain strong relationships with IT stakeholders to align sourcing strategies with business priorities
Collaborate cross-functionally with business stakeholders, leadership, Legal, Finance, PMO, and other internal stakeholders to ensure smooth contract lifecycle management and vendor onboarding
Monitor and manage vendor performance, risk, and renewals proactively
Stay abreast of technology trends, emerging suppliers, and changes in market conditions

Skills

Strategic Sourcing

IT Services

RFPs

Contract Negotiations

Cloud Licensing

IaaS

PaaS

SaaS

Vendor Management

Privacy Regulations

Security Regulations

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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