Principal Strategy Sourcing Specialist - IT Services

Medtronic; Gurugram District, Delhi, Mumbai; On-site; INR 1,800,000 - 2,500,000; Full time

Job summary

Medtronic seeks a seasoned sourcing professional to optimize IT Services spend and drive strategic supplier programs from its Gurugram footprint. You will influence stakeholders, negotiate complex contracts, and lead initiatives that improve value, cost, and service delivery across a global organization.

You will build cross-functional relationships with IT, Legal, and business units, manage supplier performance, and support market intelligence to justify deal terms and rationalize risks.

Qualifications

• Must have Bachelor's degree and 5+ years of relevant experience, or an advanced degree with at least 3 years of experience.

Responsibilities

• Create value across the portfolio of IT Services spend.
• Build strategic relationships with internal stakeholders and suppliers.
• Support sourcing strategies that yield a sustainable competitive advantage for Medtronic.
• Operational management of preferred suppliers reporting & tracking of spend with priority suppliers, monitoring performance metrics and facilitating the purchase process.
• Support IT purchase processes, supplier relationship management activities and strategic supplier programs with IT Services partners, in collaboration with IT Vendor Management Office.
• Aim to achieve year-on-year value improvement targets for service, innovation, and cost.

Skills

Sourcing

Procurement

Vendor Management

Negotiation

Education

Bachelor's degree

Job description

Roles and Responsibilities:

• Create value across the entire portfolio of ~$250M of IT Services spend
• Work to build strategic relationships with internal stakeholders and suppliers
• Support sourcing strategies that result in a sustainable competitive advantage for Medtronic
• Operational management of preferred suppliers reporting & tracking of spend with priority suppliers, monitoring performance metrics, and overall facilitation of the purchase process
• Support IT purchase process, supplier relationship management activities and strategic supplier programs with IT Services partners, in collaboration with IT Vendor Management Office
• Achieve year-on-year value improvement targets for all aspects of service, innovation, and cost
• Lead & Support RF(x) events to drive competitive pressure and ensure maximum value is realized
• Lead & Support strategic contract negotiations for large-scale engagements with sophisticated external partners
• Engage and influence multiple stakeholders to adopt and implement strategies developed by the category team; Medtronic is a highly matrixed organization and having the ability to influence and leverage the matrix is a key requirement
• Interact and partner with IT, Legal, and other key stakeholder groups
• Recommend solutions to business problems and/or identify opportunities for improvement, and present ideas to leadership
• Advise internal stakeholders with a balanced view of contract risk and liabilities and advocate for their interests
• Gather market intelligence and industry trends; ability to use market benchmarking to justify and rationalize deal terms to Medtronic cross-functional teams / leadership
• Recommend solutions to business problems and identify opportunities for improvement
• Educate and train stakeholders on key indirect supply management initiatives and policies
• Work alongside experienced and motivated colleagues who are collaborative, creative and know how to have fun.

Must Have: Minimum Requirements

• Bachelor's degree required
• Minimum of 5 years of relevant experience, or advanced degree with a minimum of 3 years of relevant experience

Nice to Have

• Bachelors degree, any major; were looking for critical thinkers and we recognize that that skill is developed from many diverse educational experiences
• Minimum 5 years of experience in Sourcing, Supply Management, Procurement, Category Management, Finance, IT / Shared Services or any functional experience that developed analytical skills and commercial acumen
• Ability to partner and influence senior leadership
• Demonstrated leadership, customer service, problem-solving, communication, negotiation, judgment, and organizational skills
• Excellent written and verbal communication with strong program management skills
• Experience influencing and leading internal teams and external suppliers to deliver results
• Aptitude to prioritize and juggle many high-visibility projects at the same time
• Ability to manage and influence stakeholders
• Indirect sourcing experience (IT Services, Professional Services, Financial Services, Legal Services)
• Experience working in a large global organization
• Experience reviewing and drafting legal agreements