Principal Strategy Sourcing Specialist

🔥 5 hours ago

🇮🇳 India – Remote

⏰ Full Time

🔴 Lead

🛒 Procurement

👻 Ghost score 10%

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Medtronic

WebsiteLinkedInAll Job Openings

10,000+ employees

Founded 1949

🏥 Healthcare

🏭 Manufacturing

⚕️ Healthcare Insurance

Healthcare • Manufacturing • Healthcare Insurance

Medtronic is a global leader in healthcare technology solutions, working to address the most complex and challenging medical conditions. With over 95,000 employees in more than 150 countries, the company is focused on accelerating access to healthcare technologies and advancing inclusion, diversity, and equity in healthcare. Medtronic collaborates closely with healthcare professionals to innovate and optimize treatments and therapies, thus inspiring hope and new possibilities for patients worldwide. The company's commitment to healthcare extends to its focus on impactful solutions and sustainable practices.

📋 Description

• Create value across the entire portfolio of ~$250M of IT Services spend • Build strategic relationships with internal stakeholders and suppliers • Support sourcing strategies that result in a sustainable competitive advantage for Medtronic • Manage preferred suppliers, including reporting and tracking spend, monitoring performance metrics, and facilitating the purchase process • Support IT purchase processes, supplier relationship management activities, and strategic supplier programs with IT Services partners in collaboration with the IT Vendor Management Office • Achieve year-on-year value improvement targets for service, innovation, and cost • Lead and support RF(x) events to drive competitive pressure and maximize value • Lead and support strategic contract negotiations for large-scale engagements with sophisticated external partners • Influence stakeholders to adopt and implement category team strategies within Medtronic's matrixed organization • Partner with IT, Legal, and other key stakeholder groups • Recommend solutions to business problems and identify opportunities for improvement; present ideas to leadership • Advise internal stakeholders on contract risk and liabilities and advocate for their interests • Gather market intelligence and industry trends; use market benchmarking to justify and rationalize deal terms • Educate and train stakeholders on indirect supply management initiatives and policies • Work alongside experienced and motivated colleagues in a collaborative environment

🎯 Requirements

• Bachelor's degree required • Minimum of 5 years of relevant experience, or advanced degree with a minimum of 3 years of relevant experience • Minimum 5 years of experience in Sourcing, Supply Management, Procurement, Category Management, Finance, IT / Shared Services or any functional experience that developed analytical skills and commercial acumen • Ability to partner and influence senior leadership • Demonstrated leadership, customer service, problem-solving, communication, negotiation, judgment, and organizational skills • Excellent written and verbal communication with strong program management skills • Experience influencing and leading internal teams and external suppliers to deliver results • Aptitude to prioritize and juggle many high-visibility projects at the same time • Ability to manage and influence stakeholders • Indirect sourcing experience (IT Services, Professional Services, Financial Services, Legal Services) • Experience working in a large global organization • Experience reviewing and drafting legal agreements

🏖️ Benefits

• Flexible Work Arrangement • Medtronic offers a competitive Salary and flexible Benefits Package • Wide range of benefits, resources, and competitive compensation plans designed to support every career and life stage • Eligible for a short-term incentive called the Medtronic Incentive Plan (MIP)