Purchaser managing electronic and mechanical components for Aconnic, a telecommunications company. Involves supplier negotiations, order processing, and market observation.
About the role
- Principal Strategic Sourcing Specialist - MRO at Medtronic leading sourcing strategies in one of the largest cost pools of indirect spend. Achieving value improvements while driving innovative solutions in MRO space.
Responsibilities
- Build enterprise-scoped strategies across assigned sub-categories in one of the largest cost pools of indirect spend at Medtronic, utilizing traditional and alternative value levers and approaches to drive year-over-year value.
- Achieve year-over-year value improvements for all aspects of quality, service, and innovation while understanding TCO (total cost of ownership) for assigned sub-categories.
- Lead contract negotiations that support and align with key stakeholder needs and requirements, and align with enterprise-wide Medtronic strategies.
- Gather market intelligence and trends for relevant categories and sub-categories; Strive to become and demonstrate subject matter expertise for assigned sub-categories.
- Perform RF(x) activities to drive competitive pressure and ensure maximum value is realized.
- Recommend solutions to business problems and/or identify opportunities for improvement and present ideas and value creation business cases to multiple functions (E.g., EHS, Operations, Finance, Microbiology, Facilities, etc).
- Identify insourcing and outsourcing opportunities.
- Build strategic relationships with internal stakeholders and establish yourself as a trusted advisor for assigned sub-categories.
- Partner closely with key functions that support supply management (E.g., Legal, Finance, Quality, EHS, etc).
- Lead and assist in Supplier Relationship Management (SRM) activities and develop governance for suppliers in your assigned sub-categories.
- Work with the internal Sourcing Administration team to expand and utilize internal purchase catalogs to support guided buying processes reflective of broader category strategies.
- Engage and influence multiple stakeholders to create and implement strategies in a highly matrixed organization.
- Develop and establish a data gathering and maintenance process to ensure spend transparency and accuracy, and support the development of a baseline for sourcing cost reduction efforts.
Requirements
- Bachelor's degree required.
- Minimum of 7 years of relevant sourcing or supply chain experience or an advanced degree with 5 years of relevant sourcing or supply chain experience
- Demonstrated experience in building and executing successful category strategies in the MRO space
- Category management experience with a global company (strategy development and execution following strategic sourcing methodology)
- Proficient in understanding and speaking to relevant company Financial terms that measure overall company performance and how your role impacts these measurements (E.g., P&L, gross margin, EBIT, cash flow/working capital improvement, etc).
- Continuous improvement (CI) mindset
- Proficiency in Excel, PowerPoint, and Power BI
- Demonstrated experiences in problem-solving, negotiations, tact, judgment, high attention to detail, and organizational skills
- Demonstrated written and verbal communication
- Working knowledge of SAP/Ariba spend management tools
- Experience building and presenting sourcing-focused business cases
- Ability to partner with and influence internal technical experts
- Influencing teams and external suppliers to deliver results
- Strong program management skills
- Solid business and legal acumen
- Positive and energetic team player with strong cross-functional team experience
Benefits
- Health insurance
- Dental and vision insurance
- Health Savings Account
- Healthcare Flexible Spending Account
- Life insurance
- Long-term disability leave
- Dependent daycare spending account
- Tuition assistance/reimbursement
- Simple Steps (global well-being program)
- Incentive plans
- 401(k) plan plus employer contribution and match
- Short-term disability
- Paid time off
- Paid holidays
- Employee Stock Purchase Plan
- Employee Assistance Program
- Non-qualified Retirement Plan Supplement (subject to IRS earning minimums)
- Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums)
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