Senior Category Manager

4 weeks ago

Minneapolis, Minnesota, United States Medtronic Full time
About the Role

Medtronic is seeking a Senior Category Manager - Molding to lead the development and execution of category strategies for plastics molding. This role will be responsible for managing a $200M annual spend on injection molded parts and assemblies, creating and developing category strategies, and executing continuous category strategy adjustments and reviews with internal and external stakeholders.

Key Responsibilities
  • Manage an estimated $200M annual spend on injection molded parts and assemblies
  • Create and develop category strategies
  • Execute 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
  • 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
  • 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
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
  • 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
Benefits and Compensation

Medtronic offers a competitive salary and flexible benefits package. 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.

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