Principal Strategy Sourcing Specialist

This is a fully remote position, open to applicants in India.

📋 Description

• Deliver value across a portfolio of approximately $250M in IT Services expenditures.

• Cultivate strategic partnerships with both internal stakeholders and suppliers.

• Assist in the development of sourcing strategies that provide a sustainable competitive edge for Medtronic.

• Oversee preferred suppliers, including the reporting and tracking of expenditures, monitoring performance metrics, and streamlining the purchasing process.

• Aid in IT purchasing procedures, supplier relationship management initiatives, and strategic supplier programs in collaboration with the IT Vendor Management Office.

• Meet annual value improvement targets related to service, innovation, and cost efficiency.

• Lead and support RF(x) events to enhance competitive pressure and maximize value.

• Spearhead and assist in strategic contract negotiations for large-scale partnerships with complex external entities.

• Influence stakeholders to embrace and execute category team strategies within Medtronic's matrixed framework.

• Collaborate with IT, Legal, and other vital stakeholder groups.

• Propose solutions to business challenges and pinpoint opportunities for enhancement; present suggestions to leadership.

• Counsel internal stakeholders on contract risks and liabilities while advocating for their interests.

• Collect market intelligence and industry trends; leverage market benchmarking to substantiate and rationalize deal terms.

• Provide education and training to stakeholders on indirect supply management initiatives and policies.

• Collaborate with experienced and motivated colleagues in a team-oriented environment.

⛳️ Requirements

• A Bachelor's degree is mandatory.

• At least 5 years of relevant experience, or an advanced degree with a minimum of 3 years of pertinent experience.

• Minimum of 5 years of experience in Sourcing, Supply Management, Procurement, Category Management, Finance, IT/Shared Services, or any functional area that has fostered analytical skills and commercial insight.

• Capability to collaborate with and influence senior leadership.

• Proven leadership, customer service, problem-solving, communication, negotiation, judgment, and organizational abilities.

• Exceptional written and verbal communication skills, paired with strong program management capabilities.

• Experience in influencing and leading both internal teams and external suppliers to achieve results.

• Ability to prioritize and manage multiple high-visibility projects concurrently.

• Proficiency in managing and influencing stakeholders.

• Experience in indirect sourcing (IT Services, Professional Services, Financial Services, Legal Services).

• Background in working within a large global organization.

• Experience in reviewing and drafting legal agreements.

🏝️ Benefits

• Flexible Work Arrangement.

• Medtronic provides a competitive salary and a flexible benefits package.

• A comprehensive range of benefits, resources, and competitive compensation plans tailored to support various career and life stages.

• Eligibility for a short-term incentive known as the Medtronic Incentive Plan (MIP).