Full-Time

New Product Development Manufacturing Engineer

Confirmed live in the last 24 hours

Medtronic

Medtronic

10,001+ employees

Develops and manufactures medical devices and therapies

Healthcare

Compensation Overview

$79.2k - $118.8kAnnually

+ Short-term Incentive (Medtronic Incentive Plan)

Junior, Mid

North Haven, CT, USA

Category
Manufacturing Engineering
Mechanical Engineering
Required Skills
Financial analysis
Requirements
  • B.S. in Engineering, or other technical field.
  • Minimum of 2 years of relevant experience, or advanced degree with 0 years of experience.
Responsibilities
  • Develop and communicate solutions to a variety of routine problems using computer and logic-based methods.
  • Create flexible capacity models and sensitivity analysis to evaluate the end-to-end value stream of a product line and/or product family in support of launch strategy and ramp plan development.
  • Financial Analysis - develop standard cost and start up expense for learning curve estimates; complete Make vs. Buy analysis in support of manufacturing strategy development and site selection.
  • Develop thorough understanding of Industrial Engineering concepts with a significant focus on analysis (primarily financial & capacity related).
  • Frequent verbal and written communications; present to peers, development team, and management.
  • Act as key liaison between Plant Advanced Manufacturing Engineering Operations, New Product Development, and Commercial teams.
  • Identify business process improvement projects related to New Product Introduction & Commercialization.
  • Collaborate with Tooling and Manufacturing Engineers to develop flexible manufacturing cell designs aligned with Lean Manufacturing concepts and the Medtronic Cell Operating System (COS).
  • Complete time studies and line balances; generate line layouts; lead ergonomic/safety assessments; study manufacturing processes through simulation modeling.

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. These products are used by hospitals and healthcare professionals around the world. Medtronic stands out from competitors by not only focusing on product development but also offering comprehensive services such as training for healthcare providers and patient management programs. The goal of Medtronic is to enhance patient outcomes and lower healthcare costs through its advanced medical solutions.

Company Stage

IPO

Total Funding

$3.2M

Headquarters

Fridley, Minnesota

Founded

N/A

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
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Simplify's Take

What believers are saying

  • Medtronic's recent product innovations, such as the InterStim Micro Neurostimulator and remote monitoring systems, highlight its commitment to advancing medical technology.
  • The company's expansion in Asia, including the launch of the Robotics Experience Studio, indicates strong growth potential in emerging markets.
  • Strategic partnerships and acquisitions, like the collaboration with Ramsay Health Care and the acquisition of Paceart Optima, enhance Medtronic's capabilities and market position.

What critics are saying

  • The highly competitive medical technology market requires Medtronic to continuously innovate to maintain its leadership position.
  • Integration challenges from acquisitions and partnerships could potentially disrupt operations and delay product development.

What makes Medtronic unique

  • Medtronic's extensive R&D investment enables continuous innovation in medical technology, setting it apart from competitors who may not have the same level of resources.
  • The company's global reach, operating in over 150 countries, provides a significant advantage in market penetration and customer base.
  • Medtronic's comprehensive suite of products and services, including training and patient management programs, offers a holistic approach to healthcare that many competitors lack.

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