Vendor Management Program Manager - IT Supplier Performance at Medtronic

Mounds View, Minnesota, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical Devices, TechnologyIndustries

Requirements

Work onsite 4 days a week at the Medtronic facility in Mounds View, Minnesota
Ability to travel domestically 5-10% to enhance collaboration and ensure project completion

Responsibilities

Drive continuous improvement and accountability across Global IT’s strategic supplier base
Oversee key processes related to supplier segmentation, performance monitoring, engagement, and development
Collaborate with global teams, internal customers, and technology suppliers to measure and manage performance aligned with operational, financial, and innovation goals
Implement and maintain supplier scorecards
Coordinate recurring supplier events, including monthly stewardship, QBRs, and annual summits
Generate sustainable value from programmatic governance and partnership activities
Support the ongoing management of the strategic partnerships program by collaborating with the vendor management team to establish strategies, structures, and templates
Ensure consistent processes with the vendor management team and Global IT’s top suppliers
Apply established governance and partnership frameworks to supplier management activities
Support the creation and maintenance of scorecards
Participate in SLA/KPI review forums
Assist with the implementation of improvement plans based on quantitative and qualitative feedback
Build relationships internally and externally as part of the VMO supplier scorecard program

Skills

Vendor Management

Supplier Performance Management

Scorecards

QBRs

Stewardship Meetings

Program Governance

Performance Monitoring

Stakeholder Collaboration

Process Improvement

IT Supplier Management

Strategic Sourcing

Cross-functional Collaboration

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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