Medtronic
Sr. Category Manager- Molding
Medtronic, Minneapolis, Minnesota, United States, 55400
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.
A Day in the Life
Join Medtronic’s Global Sourcing team as the Sr. Category Manager for Plastics Molding to develop and execute category strategies. You will lead category strategy, cost reduction initiatives, on-time delivery, quality, supplier performance, supplier consolidation/rationalization, and improve supplier relationships.
You will utilize your deep knowledge of the plastics and molding industry, the market, and the category environment to identify, develop, and execute category strategies that can leverage supplier capabilities and Medtronic’s purchasing power at a global scale to attain world-class product costs and the most competitive total cost of ownership.
We believe that innovation results when people from different cultures, genders, and points of view come together—and everyone wins. Medtronic walks the walk, creating an inclusive culture where people can thrive.
Remote flexibility is possible based on the candidate's location.
As the Sr. Category Manager for Molding, you will engage with Operating Units leadership to ensure delivery of effective category management strategies and standards that deliver to Medtronic’s overall operations and business results. You will support and own key initiatives relevant to molding tool management strategies. Through strategic leadership, you will facilitate or support Operation Networks discussions that will optimize the commodity in terms of quality, service, technology, market intelligence, risk, and total cost of ownership.
You will work to leverage Operations Network strategies at an enterprise level and continuously develop and improve leveraging opportunities by consolidating spend with key business partners supporting the broader interests of Medtronic. In addition, you will leverage strategic sourcing processes across Medtronic by maximizing the company’s combined purchase power to reduce the overall cost of ownership and acquisition through strategic negotiations and optimize supplier relationship management opportunities through partnerships within their primary categories of oversight. You will collaborate with the GTS Group and the Medtronic Operating Units to ensure category strategy alignment when executing and completing NPI/NPD projects.
As the Sr. Category Program Manager-Molding, you will:
Manage an estimated ~ $200M annual spend on Injection molded parts and assemblies, create and develop, and gain business alignment for category strategies.
Execute category strategies and continuous category strategy adjustments and reviews with internal and external stakeholders. Conduct global market intelligence for the Specialty Materials category and provide insights to support network optimization opportunities.
Advocate on behalf of supply management function with business units and operational partners to ensure support for core business objectives.
Negotiate contracts that provide year-over-year performance benefits.
Identify and develop business cases for a healthy year-over-year cost reduction pipeline with suppliers through lean, should costing, process improvement, tier 2 strategies, and yield improvements.
Perform market analysis to identify the best cost country sourcing of category, guide technical sourcing and engineering with supplier innovations, and proactively develop forward buy agreements where appropriate.
Manage Molding suppliers' relationships and drive year-over-year performance improvements with quality, delivery, and costs. Lead regular business reviews with Molding Suppliers.
Rationalize existing supplier base through stratification, market analysis, supplier development, and Supplier consolidation.
Lead new and ongoing supplier audit activities to ensure the supply base has robust process controls and capabilities to meet existing and future Medtronic business requirements. Develop market & category risk reduction strategies in partnership with operating unit.
Obtain and communicate information on the market condition and technology trends regarding commodities and suppliers. Implement appropriate business opportunities that drive value to the enterprise.
Must-Have: Minimum Requirements
Bachelor’s degree required
Minimum of 7 years of relevant category management experience or advanced degree with a minimum of 5 years of relevant category management experience in a large, multi-divisional corporation.
Nice to Have
Minimum of 7 years of sourcing in Plastics and/or Molding with strong negotiation experience.
Strong history of continuous learning about the market, category, and economic/technological developments
Knowledge of Injection molding process, Resin industries, and Molding technologies.
Experience in cross-functional commodity teams.
Master’s Degree and/or Business/Engineering Degree
CPIM, CPSM Certification
Knowledge of e-commerce initiatives
Knowledge of FDA-regulated industries, preferably the medical device industry.
Intermediate level of economics knowledge and expertise
Experience in forming and maintaining strategic alliances.
Physical Job Requirements
The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position.
The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.
Benefits & Compensation
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).
Medtronic benefits and compensation plans (https://www3.benefitsolver.com/benefits/BenefitSolverView?page_name=signon&co_num=30601&co_affid=medtronic)
About Medtronic
We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions.
Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 90,000+ passionate people.
We are engineers at heart— putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.
Learn more about our business, mission, and our commitment to diversity here (http://www.medtronic.com) .
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.
At Medtronic, most positions are posted on our career site for 3-7 days.
Welcome to our new Careers Site!
If you applied before July 22nd, please check your email for a notification from us providing you with instructions and a link to set up your new account and retain access to your current activity. If you do not see an email from us, please feel free to proceed with creating a new account.
We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions.
Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 90,000+ passionate people.
We are engineers at heart— putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.
We change lives
. Each team member, each day, helps to improve and redefine how the world treats the most pressing health conditions, from heart disease to diabetes. Our industry leadership comes from the passion and ingenuity of our people. That’s who we are. Working alongside one another, we use science, medicine, and a profound understanding of the human body to build extraordinary technologies that can transform lives.
We build extraordinary solutions as one team
. With one Medtronic Mindset defining how we work. Speed and decisiveness run through our DNA. Diverse perspectives inspire our bold answers to any challenge that comes our way. And we deliver results the right way, breakthrough after patient breakthrough.
This life-changing career is yours to engineer
. By bringing your ambitious ideas, unique perspective and contributions, you will…
Build
a better future, amplifying your impact on the causes that matter to you and the world
Grow
a career reflective of your passion and abilities
Connect
to a dynamic and inclusive culture that welcomes the challenge of life-long learning
These commitments set our team apart from the rest:
Experiences that put people first
. Respect for people is the hallmark of our humanity. It fuels our team to positively impact even a single life. And it means we put our people first at Medtronic as well, creating a culture of belonging and always pushing to get you the career-building resources you need.
Life-transforming technologies
. No matter your role, you contribute to technologies that transform lives. What we build empowers patients to live life on their terms.
Better outcomes for our world
. Here, it’s about more than the bottom line. Our Mission to improve human welfare drives us. We advance healthcare, society, and equity with every design, inside and outside our walls.
Insight-driven care
. Fresh viewpoints. Cutting-edge AI, data, and automation. You're shaping the future of healthcare technology and defining the next generation of breakthroughs in care
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.
For sales reps and other patient facing field employees, going into a healthcare setting is considered an essential function of the job and we expect our employees to comply with all credentialing requirements at the hospitals or clinics they support.
This employer participates in the federal E-Verify program to confirm the identity and employment authorization of all newly hired employees. For further information about the E-Verify program, please click here (https://www.e-verify.gov/employees) .
For updates on job applications, please go to the candidate login page and sign in to check your application status.
If you need assistance completing your application please email AskHR@medtronic.com
To request removal of your personal information from our systems please email RS.HRCompliance@medtronic.com
A Day in the Life
Join Medtronic’s Global Sourcing team as the Sr. Category Manager for Plastics Molding to develop and execute category strategies. You will lead category strategy, cost reduction initiatives, on-time delivery, quality, supplier performance, supplier consolidation/rationalization, and improve supplier relationships.
You will utilize your deep knowledge of the plastics and molding industry, the market, and the category environment to identify, develop, and execute category strategies that can leverage supplier capabilities and Medtronic’s purchasing power at a global scale to attain world-class product costs and the most competitive total cost of ownership.
We believe that innovation results when people from different cultures, genders, and points of view come together—and everyone wins. Medtronic walks the walk, creating an inclusive culture where people can thrive.
Remote flexibility is possible based on the candidate's location.
As the Sr. Category Manager for Molding, you will engage with Operating Units leadership to ensure delivery of effective category management strategies and standards that deliver to Medtronic’s overall operations and business results. You will support and own key initiatives relevant to molding tool management strategies. Through strategic leadership, you will facilitate or support Operation Networks discussions that will optimize the commodity in terms of quality, service, technology, market intelligence, risk, and total cost of ownership.
You will work to leverage Operations Network strategies at an enterprise level and continuously develop and improve leveraging opportunities by consolidating spend with key business partners supporting the broader interests of Medtronic. In addition, you will leverage strategic sourcing processes across Medtronic by maximizing the company’s combined purchase power to reduce the overall cost of ownership and acquisition through strategic negotiations and optimize supplier relationship management opportunities through partnerships within their primary categories of oversight. You will collaborate with the GTS Group and the Medtronic Operating Units to ensure category strategy alignment when executing and completing NPI/NPD projects.
As the Sr. Category Program Manager-Molding, you will:
Manage an estimated ~ $200M annual spend on Injection molded parts and assemblies, create and develop, and gain business alignment for category strategies.
Execute category strategies and continuous category strategy adjustments and reviews with internal and external stakeholders. Conduct global market intelligence for the Specialty Materials category and provide insights to support network optimization opportunities.
Advocate on behalf of supply management function with business units and operational partners to ensure support for core business objectives.
Negotiate contracts that provide year-over-year performance benefits.
Identify and develop business cases for a healthy year-over-year cost reduction pipeline with suppliers through lean, should costing, process improvement, tier 2 strategies, and yield improvements.
Perform market analysis to identify the best cost country sourcing of category, guide technical sourcing and engineering with supplier innovations, and proactively develop forward buy agreements where appropriate.
Manage Molding suppliers' relationships and drive year-over-year performance improvements with quality, delivery, and costs. Lead regular business reviews with Molding Suppliers.
Rationalize existing supplier base through stratification, market analysis, supplier development, and Supplier consolidation.
Lead new and ongoing supplier audit activities to ensure the supply base has robust process controls and capabilities to meet existing and future Medtronic business requirements. Develop market & category risk reduction strategies in partnership with operating unit.
Obtain and communicate information on the market condition and technology trends regarding commodities and suppliers. Implement appropriate business opportunities that drive value to the enterprise.
Must-Have: Minimum Requirements
Bachelor’s degree required
Minimum of 7 years of relevant category management experience or advanced degree with a minimum of 5 years of relevant category management experience in a large, multi-divisional corporation.
Nice to Have
Minimum of 7 years of sourcing in Plastics and/or Molding with strong negotiation experience.
Strong history of continuous learning about the market, category, and economic/technological developments
Knowledge of Injection molding process, Resin industries, and Molding technologies.
Experience in cross-functional commodity teams.
Master’s Degree and/or Business/Engineering Degree
CPIM, CPSM Certification
Knowledge of e-commerce initiatives
Knowledge of FDA-regulated industries, preferably the medical device industry.
Intermediate level of economics knowledge and expertise
Experience in forming and maintaining strategic alliances.
Physical Job Requirements
The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position.
The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.
Benefits & Compensation
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).
Medtronic benefits and compensation plans (https://www3.benefitsolver.com/benefits/BenefitSolverView?page_name=signon&co_num=30601&co_affid=medtronic)
About Medtronic
We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions.
Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 90,000+ passionate people.
We are engineers at heart— putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.
Learn more about our business, mission, and our commitment to diversity here (http://www.medtronic.com) .
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.
At Medtronic, most positions are posted on our career site for 3-7 days.
Welcome to our new Careers Site!
If you applied before July 22nd, please check your email for a notification from us providing you with instructions and a link to set up your new account and retain access to your current activity. If you do not see an email from us, please feel free to proceed with creating a new account.
We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions.
Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 90,000+ passionate people.
We are engineers at heart— putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.
We change lives
. Each team member, each day, helps to improve and redefine how the world treats the most pressing health conditions, from heart disease to diabetes. Our industry leadership comes from the passion and ingenuity of our people. That’s who we are. Working alongside one another, we use science, medicine, and a profound understanding of the human body to build extraordinary technologies that can transform lives.
We build extraordinary solutions as one team
. With one Medtronic Mindset defining how we work. Speed and decisiveness run through our DNA. Diverse perspectives inspire our bold answers to any challenge that comes our way. And we deliver results the right way, breakthrough after patient breakthrough.
This life-changing career is yours to engineer
. By bringing your ambitious ideas, unique perspective and contributions, you will…
Build
a better future, amplifying your impact on the causes that matter to you and the world
Grow
a career reflective of your passion and abilities
Connect
to a dynamic and inclusive culture that welcomes the challenge of life-long learning
These commitments set our team apart from the rest:
Experiences that put people first
. Respect for people is the hallmark of our humanity. It fuels our team to positively impact even a single life. And it means we put our people first at Medtronic as well, creating a culture of belonging and always pushing to get you the career-building resources you need.
Life-transforming technologies
. No matter your role, you contribute to technologies that transform lives. What we build empowers patients to live life on their terms.
Better outcomes for our world
. Here, it’s about more than the bottom line. Our Mission to improve human welfare drives us. We advance healthcare, society, and equity with every design, inside and outside our walls.
Insight-driven care
. Fresh viewpoints. Cutting-edge AI, data, and automation. You're shaping the future of healthcare technology and defining the next generation of breakthroughs in care
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.
For sales reps and other patient facing field employees, going into a healthcare setting is considered an essential function of the job and we expect our employees to comply with all credentialing requirements at the hospitals or clinics they support.
This employer participates in the federal E-Verify program to confirm the identity and employment authorization of all newly hired employees. For further information about the E-Verify program, please click here (https://www.e-verify.gov/employees) .
For updates on job applications, please go to the candidate login page and sign in to check your application status.
If you need assistance completing your application please email AskHR@medtronic.com
To request removal of your personal information from our systems please email RS.HRCompliance@medtronic.com