Principal Strategic Sourcing Specialist
Medtronic
- Gurgaon, Haryana
- Permanent
- Full-time
A Day in the LifeAs the Principal - IT Sourcing, you will:
- Create value across the entire portfolio of ~$500M of IT Software and Hardware spend
- Work independently to build strategic relationships with internal stakeholders and suppliers
- Develop and implement sourcing strategies that result in a sustainable competitive advantage for Medtronic
- Lead supplier relationship management activities and strategic supplier programs with technology partners, in collaboration with IT Vendor Management Office
- Achieve year-on-year value improvement targets for all aspects of service, innovation, and cost
- Lead RF(x) events to drive competitive pressure and ensure maximum value is realized
- Lead 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; use market benchmarking to justify and rationalize deal terms to Medtronic cross-functional teams and 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
- 3 years of experience in Software Procurement with responsibility for enterprise-level agreements
- 7 -10 years of relevant overall experience, or advanced degree with a minimum of 5 years of relevant overall experience
- Complementary experience in Indirect Sourcing, Supply Management, Procurement, or IT
- Track record of progression managing a broad range of software agreement types and deal sizes
- Familiarity with cloud, telecom, networking, and hardware purchases
- Strong analytical skills and business 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
- Experience working in a large global organization
- Fluent in reviewing and editing legal agreements