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

Bring your talents to an industry leader in medical technology and healthcare solutions – we’re a market leader growing daily. You can be proud to be a part of technologies rooted in our long history of mission-driven innovation. You will be empowered to shape your own career. We support your growth with the training, mentorship, and guidance you need to own your future success. Together, we can transform healthcare.

Join our Global Supply Management team as a Senior Program Manager for the Cost Excellence Ideation Team, where you will play a critical role in developing material cost savings strategies and opportunities across Medtronic’s $6bn of annual material spend.

At Medtronic, we bring bold ideas forward with speed and decisiveness to put patients first in everything we do. In-person exchanges are invaluable to our work. We’re working a minimum of 4 days a week onsite as part of our commitment to fostering a culture of professional growth and cross-functional collaboration as we work together to engineer the extraordinary. 

         

         

As the Sr. Program Manager – Cost Optimization, you’ll play a pivotal role in driving material cost savings and operational excellence across Medtronic’s Cardiovascular Portfolio. Your day will be dynamic, engaging both strategic thinking and hands-on collaboration:

• Strategic Opportunity Prioritization: You’ll assess, bundle, and prioritize a diverse pipeline of cost savings initiatives, ensuring balanced delivery across multiple savings levers to support Medtronic’s goal of $300M in annual material cost reductions.

• Material Cost Management: Develop and implement comprehensive cost management strategies for high-impact value streams, leveraging your expertise in supplier bid analysis, make-vs-buy decisions, and medical device sourcing.

• Portfolio Spend Analysis: Use advanced analytics tools (Power BI, Planisware) to analyze spend data, uncover key trends, and identify actionable opportunities for cost optimization.

• Process & Tool Improvement: Design and deploy improved business processes, systems, and tools across teams and partner functions, applying Lean methodologies and best practices to maximize efficiency and cost savings.

• Performance Tracking & Problem Solving: Lead operating mechanisms, track key performance indicators, and drive collaborative problem-solving in tier meetings.

• Business Case Development: Work closely with the evaluation team to develop and ensure robust financial analysis and high-confidence recommendations.

• Leadership Communication: Prepare and present program updates to senior leadership during monthly operating reviews, translating complex data and business insights into clear, actionable strategies.

• Cross-Functional Ideation: Lead and participate in cross-functional ideation events to uncover new material cost savings opportunities.

• Stakeholder Partnership: Partner with stakeholders across Category Management, Supplier Optimization, VAVE, and other organizations to generate, evaluate, and implement programmatic savings ideas.

Must-Have Qualifications

• Bachelor’s degree and 7 years strategic business or sourcing support experience, or a master's degree with 5 years of strategic business or sourcing support experience.  

Nice-to-Have Qualifications

• Supplier Management Expertise: Proven experience in supplier bid analysis, supplier selection for medical devices, and make-vs-buy analysis to optimize sourcing decisions.

• Cardiovascular Product Knowledge: Familiarity with cardiovascular products and their unique requirements within the medical device industry.

• Electro-Mechanical Assembly Experience: Hands-on experience with electro-mechanical assemblies, including PCB/PCA manufacturing, cable assemblies, and implantable device design requirements.

• Advanced Analytics Proficiency: Skilled in leveraging analytics tools such as Power BI and Planisware for data-driven decision making and program management.

• Lean Belt Certification: Demonstrated application of Lean methodologies to drive operational excellence and cost efficiency.

• Business Acumen & Financial Insight: High degree of business acumen with the ability to analyze financial data and translate insights into actionable cost savings strategies.

• Proven Cost Optimization Leadership: Track record of leading cost savings initiatives and achieving measurable savings goals across diverse product portfolios.

• Portfolio Management Skills: Ability to balance and manage priorities across a wide range of products and projects.

• Cross-Functional Collaboration: Strong ability to collaborate effectively with cross-functional teams and influence stakeholders at all levels.

For Baccalaureate degrees earned outside of the United States, a degree that satisfies the requirements of 8 C.F.R. § 214.2(h)(4)(iii)(A) is required.

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.

U.S. Work Authorization & Sponsorship

At Medtronic, we are committed to fostering an environment where employees can thrive and make a meaningful impact. In alignment with our enterprise-wide workforce planning approach, U.S. work authorization sponsorship (H-1B, TN, J, etc.) is offered exclusively for Principal-level roles and above, where specialized expertise aligns with long-term business needs. Roles below the Principal level require candidates to possess unrestricted U.S. work authorization at the time of hire and for the duration of employment.

Join us in our mission to alleviate pain, restore health, and extend life—where your unique background and perspective are valued.

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):$144,000.00 - $216,000.00

Pay range / Rango salarial / Intervalo salarial /Fascia retributiva / Tranche de salaire / Gehaltsband / Salaribereik:  Switzerland: 165,600.00 CHF - 248,400.00 CHF | 

 

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).

The following benefits and additional compensation are available to those regular employees who work 20+ hours per week: Health, Dental and vision insurance, Health Savings Account, Healthcare Flexible Spending Account, Life insurance, Long-term disability leave, Dependent daycare spending account, Tuition assistance/reimbursement, and Simple Steps (global well-being program).

 

The following benefits and additional compensation are available to all regular employees: Incentive plans, 401(k) plan plus employer contribution and match, Short-term disability, Paid time off, Paid holidays, Employee Stock Purchase Plan, Employee Assistance Program, Non-qualified Retirement Plan Supplement (subject to IRS earning minimums), and Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums).

 

Regular employees are those who are not temporary, such as interns.  Temporary employees are eligible for paid sick time, as required under applicable state law, and the Employee Stock Purchase Plan. Please note some of the above benefits may not apply to workers in Puerto Rico.

 

Further details are available at the link below:

Medtronic benefits and compensation plans

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 95,000+ 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.

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.