Strategic Sourcing Analyst

Hybrid - Minneapolis, Minnesota, United States of America $66K - $100K This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP). A Day in the Life In this role, you will partner closely with Category Managers to deliver high-impact analytics that inform sourcing strategies, strengthen supplier negotiations, and identify cost optimization opportunities. You will translate complex data into clear, actionable insights while advancing sourcing tools, processes, and data governance standards. Success in this role requires strong analytical capability, intellectual curiosity, and the ability to collaborate cross-functionally to ensure accurate, consistent data that enables strategic decision-making. Partner with Category Managers to develop and deliver analytics that shape sourcing strategies and drive business outcomes Lead cost analytics initiatives that translate should-cost models, RFQ to identify and quantify potentially saving opportunities Translate complex datasets into clear, actionable insights that support sourcing decisions and supplier negotiations Establish and maintain standardized data definitions, governance practices, and reporting methodologies to ensure consistency and accuracy Support strategic sourcing reviews, sourcing events, and cross-functional forums with real-time analytics and data-driven recommendations Own and continuously improve sourcing processes, reporting frameworks, and self-service tools for category teams and stakeholders Ensure data integrity through effective management, integration, and validation across multiple systems and platforms Partner with Category Managers to govern user-generated data, ensuring completeness, accuracy, and alignment to defined standards Minimum of 2 years of relevant experience, or an advanced degree with 0 years of relevant experience Nice to Have Working knowledge of supply management, supply chain, procurement, and quality processes Experience reconciling and validating data across multiple systems and sources Advanced proficiency in Microsoft Excel (e.g., complex formulas, Power Query, large dataset management) Demonstrated ability to analyze data and translate findings into actionable business insights Experience leveraging AI-enabled or advanced analytics tools to enhance sourcing and decision-making processes Strong project management skills with the ability to drive cross-functional initiatives Excellent written and verbal communication skills, with the ability to present insights to stakeholders at all organizational levels Onsite 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. 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):$66,400.00 - $99,600.00 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). 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. 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. 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. #J-18808-Ljbffr