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Sourcing Manager Salary in Minneapolis, MN

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Careers that Change Lives We are a learning culture. An inventive and collaborative group. We are dedicated to making sure that every patient gets the best product - when they need it. We have strong ties to our local communities. Our vibrant employee communities respect and value individual experience and perspective as we aim to improve lives and access to healthcare.At Medtronic, we not only get the opportunity to manage indirect categories for the largest medical device company in the world, but we also get to experience the immense sense of purpose that comes from knowing that the money we save is reinvested into technology that helps alleviate pain, restore health, and extend lives of millions of patients across the world. 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adm Group, Minneapolis
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Senior Strategic Sourcing Specialist
Medtronic, Minneapolis
Careers that Change Lives We are a learning culture. An inventive and collaborative group. We are dedicated to making sure that every patient gets the best product - when they need it. We have strong ties to our local communities. Our vibrant employee communities respect and value individual experience and perspective as we aim to improve lives and access to healthcare.At Medtronic, we not only get the opportunity to manage indirect categories for the largest medical device company in the world, but we also get to experience the immense sense of purpose that comes from knowing that the money we save is reinvested into technology that helps alleviate pain, restore health, and extend lives of millions of patients across the world. The work we do supports the Medtronic Mission and it matters.As the Senior Strategic Sourcing Specialist - IT Sourcing, you will be a key member of Medtronic's center-led Indirect Supply Management (ISM) team responsible for managing and influencing ~$500M in IT Software and Hardware spend. In this global role, you will partner with stakeholders across Functions, Regions, and Businesses to drive value. Reporting to the Global Indirect Supply Management Leader for IT Sourcing you will utilize your strong business acumen and prior sourcing experience to select the appropriate suppliers, negotiating complex contracts that will protect Medtronic's interests.The best candidate will possess an intrinsic drive to make a difference not only in the category of IT Sourcing but for Medtronic overall and the patients we serve. The opportunities are limitless, and we are seeking a candidate who seeks out new opportunities every day to learn and make a difference. The ideal candidate will be able to quickly build relationships, and work both independently and collaboratively with cross-functional stakeholders.Our team culture is one where everyone is expected to 'Lead from Every Seat.' Regardless of level or title, everyone is encouraged to be bold, curious, accountable, proactively tackle challenges, and bring forward solutions. If you are selected for this role, remote and hybrid options are available. A Day in the Life As the Senior Strategic Sourcing Specialist - 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 Must Have: Minimum Requirements To be considered for this role, please ensure the minimum requirements are evident on your resume. Bachelor's degree 4 years of relevant Sourcing experience, or advanced degree with a minimum of 2 years relevant Sourcing experience Nice to Have 2 years of experience in Software Procurement with progressive responsibility managing high complexity, larger software agreements 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 About Medtronic Together, we can change healthcare worldwide. At Medtronic, we push the limits of what technology, therapies and services can do to help alleviate pain, restore health and extend life. We challenge ourselves and each other to make tomorrow better than yesterday. It is what makes this an exciting and rewarding place to be.We want to accelerate and advance our ability to create meaningful innovations - but we will only succeed with the right people on our team. Let's work together to address universal healthcare needs and improve patients' lives. Help us shape the future.Physical Job RequirementsThe 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. (ADA-United States of America).
Indirect Category Manager
Graco, Minneapolis
Graco manufactures and markets premium equipment to move, measure, control, dispense and spray a wide variety of fluid and powder materials. What does that mean? Well, we pump peanut butter into your jar, and the oil in your car. We glue the soles of your shoes, the glass in your windows and the screen on your phone. We spray the finish on your vehicle, coatings on your pills, the paint on your house and texture on your walls. Graco is part of your daily life.An Indirect Category Manager is responsible for overseeing the procurement and management of a company's indirect materials and services. These typically include goods and services that are not directly incorporated into a product being manufactured, such as factory supplies, cutting tools, marketing materials, and/or professional services.Essential DutiesStakeholder Collaboration:Collaborate with various internal departments (such as finance, operations, marketing) to understand their procurement needsProvide expert advice on procurement strategies and best practicesContract Management:Effective contract management supporting an organization's goals, helping to avoid financial losses, legal issues, and damaged relationships.Develop and implement sourcing strategies to support corporate and divisional objections, providing Graco a competitive advantage in the areas of materials, supplies, and services.Identify, analyze, and develop a consolidated supplier base to meet current and future procurement needs.Create and maintain mutually beneficial partnerships with suppliers to foster feedback and continuous improvement.Negotiate and manage complex contracts and agreements for assigned commodities in accordance with Graco's objectives, policies and procedures.Lead the supplier selection process within a cross-functional team.Manage suppliers, costs, quality, and delivery performance.Understand, track, and forecast the key cost drivers and market factors for assigned commodities.Implement appropriate sourcing strategies to control Graco's purchased material costs and to assure an adequate source of supply.Support new product development from the concept stage through successful product launch.Support the Planners and other manufacturing partners on tactical needs, as required.Drive continuous improvement in all aspects of the procurement process.Effectively represent the department on cross-functional teams within Graco or other companies.Perform other duties as assigned. Position RequirementsEducation & ExperienceBA/BS degree in Business, Engineering, Materials Management or equivalent.MBA desiredC.P.M./C.P.I.M. certification desirable8 years materials or manufacturing experience.Minimum of 6 years procurement experience. Knowledge, Skills & AbilitiesAbility to handle complex negotiations and contracts, including private label agreements and international procurement.Excellent verbal and written communication skills.Work independently and in team environmentPC and related software (Word, Excel, Access, Database Management etc.)experience.Ability to perform detailed Corporate Category studies and market research worldwide.Complex knowledge of contract law.Ability to create and execute complex contracts, agreements, and business plans.Experience in complex analysis and resolution of complex sourcing problems requiring multi-functional participation.Proven ability to exceed individual and department goals.Experience as a key resource for product development teams.Adaptability to changing business conditionsGood project management and organizational skillsPower to BeAt Graco, the Power to Be means providing the support, resources and freedom to pave your own way. Bring your unique attributes to the table, along with a commitment to being your best self, and you can be a part of a culture that rewards effort, celebrates uniqueness, and gives you the tools you need to succeed and become your best, fullest self along the way. Our culture empowers employees to chart their own career path. Our managers provide support and opportunities while offering freedom for employees to find their own Power to Be. Whether you decide to move up within the same department or expand to another cross-functional group, you will gain the well-rounded experience to succeed on your own terms.Graco has excellent opportunities available to individuals who want to be part of a fast-moving, growing company that is committed to quality, innovation and solving fluid handling problems for our customers. Graco is proud to be named a Best Place to Work by Fortune Magazine in 2016, 2018, 2019, 2021 & 2022. Graco offers attractive compensation, benefits and career development opportunities. Graco's comprehensive benefits include medical, dental, stock purchase plan, 401(k), tuition reimbursement and more.Our company uses E-Verify to confirm the employment and eligibility of all newly hired employees. To learn more about E-Verify, including your rights and responsibilities, please visit www.dhs.gov/E-Verify.Proven Quality. Leading Technology. Launch your career with Graco!