Full-Time
Third Party Risk Manager
Supplier Risk Management
Posted on 10/3/2025
Intuitive Surgical
10,001+ employees
Manufactures robotic surgical systems and services
No salary listed
Sunnyvale, CA, USA
In Person
 Operations & Logistics (2) |
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- Bachelor’s degree in Supply Chain Management, Business Administration, Engineering or a related field (Master’s or MBA preferred)
- 7-10+ year’s experience with developing, implementing & managing SRM programs for procurement organizations
- Build & maintain strong relationships with internal stakeholders and suppliers ensuring effective communications, guidance & support of Intuitive procurement objectives
- Partner with members of the Strategic Sourcing & Category Management, Contract Center of Excellence & Procurement Systems & Analytics teams to refine & advance the management, reporting and tracking of Intuitive’s key suppliers
- Serve as a trusted advisor for internal teams to compliment and enrich key supplier relationships.
- Work with embedded VMO functions to provide governance framework and ensure its implementation throughout
- Facilitate regular business reviews and strategic planning sessions with suppliers
- Influence cross-functional teams to support supplier development programs
- Develop the process & policies for assessing supplier risk across all spend categories.
- Work with Sourcing, Procurement Contracts, Security, Privacy and Legal teams to ensure the active supplier assessment methodology remains aligned against company policy
- Drive supplier resolution with internal business leads and suppliers for any identified risk issues.
- Ensure TPRM application integration integrity with downstream systems.
- Develop issue reporting process including providing guidance to business teams on exit strategy & disaster recovery planning
- Establish the governance and framework for supplier performance reviews
- Track supplier performance, in partnership with Business Leads & Strategic Sourcing Managers, against contracted products and/or services
- Support Strategic Sourcing Managers and related business teams to drive resolution of supplier issues
- Create reporting & dashboards to showcase SRM metrics in support of organizational objectives
- Partner with Business Leads to develop contingency planning, corrective action planning and exit strategies for critical tiered suppliers.
- Stay informed on industry trends, supplier innovations, and emerging risks
- Elevate new suppliers and technologies in partnership with the Sourcing team to improve value delivery
- Mature experience with TPRM related applications (E.g., *WorldCheck1, Giact, Dow Jones, Exiger*)
- Deep familiarity with varying types of purchase requisitions, expense, services, blanket etc.
- Experience executing in a global landscape
- Experience performing cost analysis/spend analytics
- Ability to assess supplier capabilities in alignment with internal business needs
Intuitive Surgical designs, manufactures, and sells robotic surgical systems and provides related services and accessories for minimally invasive surgery. The core product helps surgeons perform operations with enhanced precision by guiding robotic arms controlled from a console, allowing procedures to be done through small incisions. Instruments and consumables are used with the systems and are supported by service contracts, creating a recurring revenue stream. Compared to competitors, Intuitive has a large installed base and focuses specifically on robotic-assisted surgery, combining devices, disposable instruments, and ongoing services to support hospitals and surgical centers. Its goal is to improve patient outcomes by enabling safer, less invasive procedures while expanding the use and capabilities of robotic surgery for more procedures and providers.
Company Size
10,001+
Company Stage
IPO
Headquarters
Sunnyvale, California
Founded
1995
Simplify's Take
What believers are saying
- Bariatric surgery market expansion as da Vinci outperforms GLP-1 drugs for sustained weight loss.
- Ion bronchoscopy system procedures grew 39% YoY with 1,041 installed units capturing lung cancer detection.
- Less than 5% of eligible surgeries globally performed robotically indicates substantial international adoption runway.
What critics are saying
- FDA Class II recalls of instruments with fraying cables disrupt 86% of Q1 recurring revenue.
- FDA safety communication on curved tip staplers halts hospital use, eroding surgeon confidence in reliability.
- EU MDR recertification deadline December 2028 halts 25% European sales during redesign and testing.
What makes Intuitive Surgical unique
- 70-80% market share in soft-tissue robotics with 11,395 installed da Vinci systems globally.
- 85% recurring revenue from instruments, accessories, and service contracts provides predictable cash flow.
- da Vinci 5 platform expands into cardiac surgery and complex procedures previously requiring open surgery.
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Benefits
Hybrid Work Options
Growth & Insights and Company News
6 month growth
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↑ 0%2 year growth
↑ 0%Intuitive Surgical could emerge as a dark horse in the anti-obesity market as bariatric surgery proves more effective than GLP-1 drugs for long-term weight loss. A recent study of over 50,000 patients found surgery patients lost an average of 58 pounds after two years, compared to just 12 pounds for those using GLP-1 medications. The study also showed surgery delivers more sustainable results. Gastric bypass patients maintain around 52% of their excess weight loss after 10 years, whilst GLP-1 users often regain all lost weight after stopping treatment. Intuitive's da Vinci surgical system offers minimally invasive bariatric surgery options. The company generated $10.1 billion in revenue last year, up from $8.4 billion, with profit margins around 28%. Despite shares falling over 20% this year, the company's position in surgical innovation makes it a compelling long-term investment.
Intuitive Surgical has experienced recent share price weakness, declining 3% in one day with negative returns over the past week, month and three months. The stock currently trades at $452.66, down 10.1% over one month and 19.45% year-to-date, though three-year total shareholder returns remain strong at 77.19%. The medical technology company reports annual revenue of $10.1 billion and net income of $2.9 billion, maintaining a dominant position in minimally invasive surgical technology. According to one valuation analysis, Intuitive Surgical's fair value sits at $532.46, suggesting the stock is undervalued by approximately 15% at current levels. The analysis projects 12% annual revenue growth over the next five years, supported by recurring revenues from spare parts and software licences, with profit margins expected to reach 30% from the current 28.6%.
Intuitive Surgical shares rose 23% following Jim Cramer's recommendation on CNBC's Squawk on the Street in June 2025, where he urged investors to "just go buy ISRG". The medical robotics company experienced a 27% surge in October after reporting third-quarter earnings that beat analyst estimates. Revenue reached $2.51 billion against expectations of $2.40 billion, whilst adjusted earnings per share hit $2.40 versus the predicted $1.98. However, the stock declined 2.7% in January 2026 after Intuitive Surgical released preliminary fourth-quarter results, citing concerns that Medicaid funding cuts and competing products could slow growth of its robotic surgical systems. Despite the recent setback, shares remain up significantly since Cramer's initial endorsement, though they're down 7.8% over the past year.
Intuitive Surgical faces headwinds from tariffs and increased competition in the robotic-assisted surgery market, yet its fundamentals remain strong. The medical device company reported fourth-quarter revenue growth of 19% to $2.87 billion, whilst adjusted earnings per share rose 14.5% to $2.53. Procedures using its da Vinci surgical system increased 17%, with the installed base growing 12% to 11,106 units. However, the stock trades at 47.6 times forward earnings, compared to the healthcare sector average of 17.1. New competition is emerging, with Medtronic's Hugo system recently cleared and Johnson & Johnson expected to launch its own device soon. Despite these challenges, Intuitive Surgical maintains advantages through switching costs and extensive real-world data, whilst the underpenetrated robotic-assisted surgery market offers long-term growth potential.
Intuitive Surgical maintained a 37% operating margin in Q4 despite tariffs creating a 95 basis point drag, alongside higher facility costs and unfavourable product mix from newer platforms like da Vinci 5 and Ion. The company offset these pressures through product cost reductions, component savings and manufacturing efficiencies. Procedure growth of 18% in Q4 and recurring revenue now comprising 81% of total revenues provided operating leverage. Management's 2026 gross margin guidance of 67-68% suggests continued stability, even as tariff headwinds are expected to increase to roughly 1.2% of revenues. Meanwhile, Boston Scientific expanded adjusted operating margins by 100 basis points to 28% in 2025, though tariffs will offset favourable product mix in 2026. The company expects 50-75 basis points operating margin expansion in 2026 through scale efficiencies and supply-chain optimisation.