Full-Time

Principal Procurement Specialist

Confirmed live in the last 24 hours

Medtronic

Medtronic

10,001+ employees

Develops and manufactures medical devices and therapies

No salary listed

Senior

Watford, UK

Remote role based in the UK with the ability to work from home and a willingness to travel (approximately 25%), typically in the London area.

Category
Procurement & Sourcing
Operations & Logistics
Required Skills
Data Analysis
Excel/Numbers/Sheets
Requirements
  • Bachelor’s degree requiring numerate skills, such as business, science, or economics
  • High level of data analysis skills (including very strong Excel skills) as well as the ability to prepare effective data presentations (Power Point)
  • Contract management/sourcing experience
  • Strong verbal and written communications skills (in English) with the ability to liaise, influence, and negotiate effectively at all levels
  • Previous hospital procurement experience is a plus, ideally in a Cath lab or Theatre environment and ideally exposed to the National Healthcare System Supply Chain (NHS SC) environment
  • Previous Finished Sourcing (OEM- Original Equipment Manufacturer) procurement experience is a plus
Responsibilities
  • Manage internal relationships with stakeholders and ensure that needs are consistently met, which includes ensuring on-time activation of new accounts, ensuring IHS is able to procure our client’s preferred products, and maintaining price lists
  • Negotiate, maintain, and analyse pricing
  • Establish sourcing strategies for each market, balancing an optimal mix of the best price, switching to consignment, negotiating return policies, securing allocation of stock, etc
  • Management of supplier relationships—ensuring continuity of supply for our IHS managed service accounts
  • Identify saving initiatives that go beyond unit price reduction
  • Be the point of contact for issues concerning product sourcing, including preparing effective presentations and presenting the data
  • Regular interaction with and visiting of customers to consult with customers to discuss clinical strategy and how materials management services can support the department's strategic direction
Desired Qualifications
  • Previous hospital procurement experience is a plus, ideally in a Cath lab or Theatre environment and ideally exposed to the National Healthcare System Supply Chain (NHS SC) environment
  • Previous Finished Sourcing (OEM- Original Equipment Manufacturer) procurement experience is a plus

Medtronic provides medical technology, services, and solutions to improve patient care. The company develops a variety of medical devices, including pacemakers, insulin pumps, surgical tools, and neurostimulation devices, which help diagnose, prevent, and treat chronic diseases. Medtronic's products are used by hospitals, clinics, and healthcare professionals around the world. What sets Medtronic apart from its competitors is its strong focus on research and development, allowing it to continuously innovate and expand its product offerings. The company's goal is to enhance patient outcomes and reduce healthcare costs through its comprehensive range of products and services, which also include training and support for healthcare providers.

Company Size

10,001+

Company Stage

IPO

Headquarters

Fridley, Minnesota

Founded

1949

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Simplify's Take

What believers are saying

  • Growing demand for connected medical devices aligns with Medtronic's innovative solutions.
  • Neurostimulation market growth offers expansion opportunities for Medtronic's product line.
  • Rising chronic diseases globally increase demand for Medtronic's medical devices.

What critics are saying

  • Emerging competitors using AI threaten Medtronic's market share.
  • Supply chain issues, especially in semiconductors, may impact Medtronic's production.
  • Regulatory scrutiny could delay new product approvals for Medtronic.

What makes Medtronic unique

  • Medtronic leads in innovative healthcare solutions across cardiovascular, diabetes, and neurological sectors.
  • The company invests heavily in R&D to develop advanced medical technologies.
  • Medtronic offers comprehensive services, including training and patient management, enhancing product value.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Retirement Plan

401(k) Company Match

Employee Stock Purchase Plan

Employee Assistance Program

Wellness Program

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Sustainability News provided by 3BL

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