Sr Strategic Sourcing Manager - Professional Services

Sr Strategic Sourcing Manager - Professional Services

At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You'll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world.

The Sr Strategic Sourcing Manager - Professional Services will lead the development and execution of sourcing strategies for the Professional Services category within indirect Strategic Sourcing Organization. This role is responsible for identifying value-creating opportunities, managing sourcing events, and driving cost, quality, and service excellence across a global portfolio of suppliers.

This is a high impact opportunity to play a key role in a business preparing for a strategic transformation. Sr Strategic Sourcing Manager – Professional Services role will report to the Director of Indirect Strategic Sourcing.

This position is an exciting opportunity to work with Medtronic's Diabetes business. Medtronic has announced its intention to separate the Diabetes division to promote future growth and innovation within the business and reallocate investments and resources across Medtronic, subject to applicable information and consultation requirements. This separation provides our team with a bold opportunity to unleash our potential, enabling us to operate with greater speed and agility. As a separate entity, we anticipate leveraging increased investments to drive meaningful innovation and enhance our impact on patient care.

Position Key Responsibilities:

• Lead global sourcing initiatives for Professional Services categories (IT Services, Data and Outsourcing, HR, Consulting, Finance and Legal Services)
• Analyze spend, market trends, and supplier performance to identify cost reduction and service improvement opportunities.
• Develop and execute category strategies that align with business goals and regulatory requirements (FDA, ISO 13485).
• Collaborate cross-functionally with stakeholders to ensure alignment of sourcing strategies with business needs.
• Manage end-to-end sourcing processes including RFPs, negotiations, vendor evaluation, and contract development.
• Lead complex negotiations for IT and R&D Services, including managed services, cloud solutions, software development, infrastructure support, and outsourcing agreements.
• Partner with Legal, Privacy, and Quality to ensure contracts meet regulatory and operational standards.
• Negotiate complex technology-related contracts, particularly in IT and R&D verticals, leveraging strong technical acumen to ensure optimal terms and strategic outcomes.
• Establish and manage service level agreements (SLAs) and key performance indicators (KPIs) to monitor supplier performance.
• Mitigate supplier risks and support the creation of robust continuity and contingency plans across regions.
• Foster collaborative, strategic relationships with key business stakeholders across IT, R&D, Finance, Legal, Quality and Compliance.
• Serve as a trusted advisor and sourcing leader for business partners to drive continuous improvement and innovation.
• Manage project timelines, stakeholder expectations, and communication for all Professional Services sourcing initiatives.
• Track and report on savings, value realization, and program status to senior leadership.

Required Qualifications:

• Bachelor's degree in Business, Supply Chain, Finance, or related field and a minimum of 7 years of relevant experience with 5+ years of managerial experience, or advanced degree with a minimum of 5 years of relevant experience with 5+ years of managerial experience.

Nice to have:

• 7+ years of strategic sourcing, procurement, or category management in Professional Services experience.
• Proven track record of delivering cost savings and service improvements in a global, matrixed environment.
• Strong Knowledge of contracting, vendor negotiations, and supplier governance
• Demonstrated ability to understand technical concepts and collaborate effectively with IT and R&D stakeholders to negotiate complex technology contracts.
• Experience working in highly regulated industry (medical device, pharmaceutical, or life sciences industries is strongly preferred).
• Strong knowledge of contract negotiation, supplier performance management, and regulatory compliance (FDA, ISO 13485).
• Excellent communication, stakeholder engagement, and project management skills.
• Proficiency in sourcing and contract management tools (e.g., Coupa, Ariba, SAP).
• MBA or Master's in Engineering, Healthcare, or Operations
• Lean Six Sigma, PMP, or relevant certification a plus
• Experience with digital sourcing platforms or analytics tools
• Global sourcing experience is a strong advantage

Travel: Ability to travel up to 30% of the time.

Medtronic offers a competitive salary and flexible benefits package. A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.

Salary ranges for U.S (excl. PR) locations (USD): $138,400.00 - $207,600.00 This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP). The base salary range is applicable across the United States, excluding Puerto Rico and specific locations in California. The offered rate complies with federal and local regulations and may vary based on factors such as experience, certification/education, market conditions, and location. Compensation and benefits information pertains solely to candidates hired within the United States (local market compensation and benefits will apply for others).

The following benefits and additional compensation are available to those regular employees who work 20+ hours per week: Health, Dental and vision insurance, Health Savings Account, Healthcare Flexible Spending Account, Life insurance, Long-term disability leave, Dependent daycare spending account, Tuition assistance/reimbursement, and Simple Steps (global well-being program).

The following benefits and additional compensation are available to all regular employees: 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), and Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums).

Regular employees are those who are not temporary, such as interns. Temporary employees are eligible for paid sick time, as required under applicable state law, and the Employee Stock Purchase Plan. Please note some of the above benefits may not apply to workers in Puerto Rico. Further details are available at the link below:

Medtronic benefits and compensation plans

It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.