Medtronic · 3 hours ago
Sr. Program Manager – Cost Optimization Cardiovascular Portfolio
Minneapolis, Minnesota, United States of America
Full-time
Onsite
Senior Level
$138K/yr - $208K/yr
5+ years expMedtronic is a leader in medical technology and healthcare solutions, seeking a Senior Program Manager for the Cost Excellence Ideation Team. In this role, you will develop material cost savings strategies and drive operational excellence across Medtronic’s Cardiovascular Portfolio.
Artificial Intelligence (AI)BiotechnologyHealth CareHealth DiagnosticsMedical Device
Responsibilities
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
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
Use advanced analytics tools (Power BI, Planisware) to analyze spend data, uncover key trends, and identify actionable opportunities for cost optimization
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
Lead operating mechanisms, track key performance indicators, and drive collaborative problem-solving in tier meetings
Work closely with the evaluation team to develop and ensure robust financial analysis and high-confidence recommendations
Prepare and present program updates to senior leadership during monthly operating reviews, translating complex data and business insights into clear, actionable strategies
Lead and participate in cross-functional ideation events to uncover new material cost savings opportunities
Partner with stakeholders across Category Management, Supplier Optimization, VAVE, and other organizations to generate, evaluate, and implement programmatic savings ideas
Qualification
Required
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
Preferred
Proven experience in supplier bid analysis, supplier selection for medical devices, and make-vs-buy analysis to optimize sourcing decisions
Familiarity with cardiovascular products and their unique requirements within the medical device industry
Hands-on experience with electro-mechanical assemblies, including PCB/PCA manufacturing, cable assemblies, and implantable device design requirements
Skilled in leveraging analytics tools such as Power BI and Planisware for data-driven decision making and program management
Demonstrated application of Lean methodologies to drive operational excellence and cost efficiency
High degree of business acumen with the ability to analyze financial data and translate insights into actionable cost savings strategies
Track record of leading cost savings initiatives and achieving measurable savings goals across diverse product portfolios
Ability to balance and manage priorities across a wide range of products and projects
Strong ability to collaborate effectively with cross-functional teams and influence stakeholders at all levels
Benefits
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
Simple Steps (global well-being program)
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)
Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums)
Company
Medtronic
Medtronic is a healthcare technology company that designs and develops AI-based products and solutions for the medical industry.
10001+ employees
H1B Sponsorship
Medtronic has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (349)
2024 (387)
2023 (291)
2022 (310)
2021 (300)
2020 (261)
Funding
Current Stage
Public CompanyTotal Funding
$18.17BKey Investors
NHS EnglandBlackstone Life SciencesTrade Capital Funding
2025-09-15Post Ipo Debt· $1.76B
2024-05-29Post Ipo Debt· $3.24B
2023-03-23Post Ipo Debt· $2B
Leadership Team
Geoffrey Martha
CEO and Chairman Of The Board Of Directors
Linnea Burman
SVP & President, Neurovascular
Recent News
2026-02-07
Labiotech UG
2026-02-07
Company data provided by crunchbase