Senior Program Manager – Cost Optimization, Cardiovascular Portfolio

Medtronic

Senior Program Manager for Cost Optimization within Medtronic's Cardiovascular Portfolio. Driving material cost savings and operational excellence strategies across the organization.

Posted 6/18/2026full-timeMinneapolis • Florida, Massachusetts, Minnesota • 🇺🇸 United StatesSenior💰 $144,000 - $216,000 per yearWebsite

Tech Stack

Tools & technologies

Assembly

About the role

Key responsibilities & impact

Assess, bundle, and prioritize a diverse pipeline of cost savings initiatives, ensuring balanced delivery across multiple savings levers to support Medtronic’s goal of $300M in annual material cost reductions.
Develop and implement comprehensive cost management strategies for high-impact value streams, leveraging your expertise in supplier bid analysis, make-vs-buy decisions, and medical device sourcing.
Use advanced analytics tools (Power BI, Planisware) to analyze spend data, uncover key trends, and identify actionable opportunities for cost optimization.
Design and deploy improved business processes, systems, and tools across teams and partner functions, applying Lean methodologies and best practices to maximize efficiency and cost savings.
Lead operating mechanisms, track key performance indicators, and drive collaborative problem-solving in tier meetings.
Work closely with the evaluation team to develop and ensure robust financial analysis and high-confidence recommendations.
Prepare and present program updates to senior leadership during monthly operating reviews, translating complex data and business insights into clear, actionable strategies.
Lead and participate in cross-functional ideation events to uncover new material cost savings opportunities.
Partner with stakeholders across Category Management, Supplier Optimization, VAVE, and other organizations to generate, evaluate, and implement programmatic savings ideas.

Requirements

What you’ll need

Bachelor’s degree and 7 years strategic business or sourcing support experience, or a master's degree with 5 years of strategic business or sourcing support experience.
Supplier Management Expertise: Proven experience in supplier bid analysis, supplier selection for medical devices, and make-vs-buy analysis to optimize sourcing decisions.
Cardiovascular Product Knowledge: Familiarity with cardiovascular products and their unique requirements within the medical device industry.
Electro-Mechanical Assembly Experience: Hands-on experience with electro-mechanical assemblies, including PCB/PCA manufacturing, cable assemblies, and implantable device design requirements.
Advanced Analytics Proficiency: Skilled in leveraging analytics tools such as Power BI and Planisware for data-driven decision making and program management.
Lean Belt Certification: Demonstrated application of Lean methodologies to drive operational excellence and cost efficiency.
Business Acumen & Financial Insight: High degree of business acumen with the ability to analyze financial data and translate insights into actionable cost savings strategies.
Proven Cost Optimization Leadership: Track record of leading cost savings initiatives and achieving measurable savings goals across diverse product portfolios.
Portfolio Management Skills: Ability to balance and manage priorities across a wide range of products and projects.
Cross-Functional Collaboration: Strong ability to collaborate effectively with cross-functional teams and influence stakeholders at all levels.
For Baccalaureate degrees earned outside of the United States, a degree that satisfies the requirements of 8 C.F.R. § 214.2(h)(4)(iii)(A) is required.

Benefits

Comp & perks

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)

ATS Keywords

✓ Tailor your resume

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools

cost management strategiessupplier bid analysismake-vs-buy analysisadvanced analyticselectro-mechanical assemblyfinancial analysiscost optimizationportfolio management

Soft Skills

business acumencollaborationleadershipproblem-solvingcommunication

Certifications

Lean Belt Certification