Strategic Sourcing Specialist – Indirect Sourcing at Medtronic

Northridge, California, United States

Apply Now

Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical DevicesIndustries

Requirements

Bachelor’s degree along with a minimum of (incomplete in description, but required)

Responsibilities

Manage the Spend Control Tower Intake: Lead and support Spend Control Tower process by reviewing business intake information, assisting business with the low spend contract needs and routing large spend requests to an assigned Category Manager for review and negotiation
Educate business stakeholders on the Spend Control Tower process
Requisition Oversight: Review and approve indirect sourcing requisitions in the procurement tool
Ensure that appropriate information is present in the requisition and ensure that information matches that of Spend Control Tower intake
Assist with indirect sourcing tasks, escalations, and day-to-day operational support
Contracting & Compliance: Negotiate and execute low value contracts and amendments
Collaborate with Legal, Finance, Regulatory, Quality and Privacy to ensure sourcing activities adhere to relevant security, privacy, legal and compliance standards
Assist business with onboarding new suppliers or revising information for existing suppliers

Skills

Strategic Sourcing

Indirect Sourcing

Procurement

Contract Negotiation

Spend Control

Contract Compliance

Regulatory Compliance

Sourcing Requisitions

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.

Land your dream remote job 3x faster with AI

Try Jobo Free