Cost Excellence Program Manager – Packaging & Specialty Materials
Medtronic
full-time
Posted on:
Location Type: Hybrid
Location: Minneapolis • Colorado, Connecticut, Massachusetts, Minnesota, Tennessee • 🇺🇸 United States
Visit company websiteSalary
💰 $110,400 - $165,600 per year
Job Level
Mid-LevelSenior
About the role
- Develop and execute a comprehensive cost management strategy for $850M of annual spend
- Support category management with strategy development
- Create year-over-year targeted material cost strategies for strategic suppliers
- Lead and participate in cross-functional ideation events to identify savings opportunities
- Collaborate to develop and review project business cases
- Partner with Stakeholders across Category Management, Supplier Optimization, Divisional Packaging, Ops Sourcing, Manufacturing, and other organizations to generate & evaluate programmatic savings ideas
- Prioritize and bundle a pipeline of opportunities to ensure balanced delivery across savings levers for sustainable success and help Medtronic reach its margin expansion goals
- Track key performance indicators (KPIs) and present updates to senior leadership
- Create & improve business processes, systems, & tools; deploying solutions across team and partner functions.
Requirements
- Bachelor’s degree and 5 years’ strategic business or sourcing support experience, or a master's degree with 3 years of strategic business or sourcing support experience
- Ability to manage priorities across a diverse portfolio of products and spend
- Experience with supplier bid analysis, supplier selection for medical devices, or make vs buy analysis
- Understanding of primary, secondary, and tertiary packaging
- Understanding of specialty chemicals
- Proficiency in analytics, particularly with Power BI and Planisware
- High degree of business acumen and financial insight
- Experience leading cost savings to achieve measurable savings goals
- Ability to collaborate effectively across teams and influence stakeholders.
Benefits
- 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
- 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)
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
cost management strategysupplier bid analysissupplier selectionmake vs buy analysisanalyticsPower BIPlaniswarebusiness process improvementkey performance indicatorsfinancial insight
Soft skills
collaborationinfluence stakeholdersprioritizationcross-functional leadershipstrategic thinkingcommunicationproblem-solvingorganizational skillsideationsavings opportunity identification
Certifications
Bachelor's degreeMaster's degree