Principal Strategic Sourcing Specialist-Consulting

We anticipate the application window for this opening will close on - 28 Sep 2026 Careers that change lives start here. Medtronic is a global leader in healthcare technology with a Mission to alleviate pain, restore health, and extend life. Our 95,000 employees work across more than 150 countries to put patients first — developing innovative medical technologies that improve the lives of 72&#43; million patients each year. Your unique talents will help shape the future of healthcare while building a career grounded in purpose, growth, and impact. A Day in the Life The Indirect Supply Management (ISM) organization develops and executes sourcing strategies that maximize enterprise value across Medtronic’s indirect spend categories. This role is part of the Global Consulting and Marketing Services team and is responsible for strategic sourcing activities within the consulting services category, partnering with stakeholders across functions, regions, and businesses to optimize supplier performance, mitigate risk, and deliver measurable business value. This position is based in Fridley, Minnesota and follows an onsite work model, requiring a minimum of four days per week in the office to support collaboration with key business partners and stakeholders. As Principal Strategic Sourcing Specialist, Consulting, you will own sourcing strategy for a global consulting services portfolio with approximately $100M in annual spend, influencing decisions that support enterprise priorities across Medtronic. Partnering directly with senior leaders across functions, regions, and business units, you will shape sourcing strategies, lead complex negotiations with top consulting firms, and drive measurable value through supplier selection, commercial optimization, and risk management. This role offers significant visibility, broad organizational impact, and the opportunity to influence how external consulting services are leveraged across a global organization. The ideal candidate thrives in a highly collaborative environment, partnering effectively with senior leaders across Medtronic and adapting to shifting priorities as new opportunities, initiatives, and transactions emerge. You will bring your strong executive presence, sound judgment, and emotional intelligence, with the ability to adjust communication and influence strategies based on the audience and situation. Success in this role requires building trusted partnerships across functions, regions, and businesses by consistently delivering results, fostering accountability, and creating value. Our team culture is one where everyone is expected to “Lead from Every Seat.” Regardless of level or title, everyone is encouraged to be bold, curious, accountable, proactively tackle challenges, and bring forward solutions. Primary Responsibilities Develop and execute global category strategies for consulting services, aligning sourcing activities with business objectives and enterprise priorities. Lead competitive sourcing events, including Requests for Proposal (RFPs), Requests for Information (RFIs), and other sourcing processes to maximize value and supplier performance. Analyze spend data, market intelligence, supplier capabilities, and rate benchmarks to identify value creation opportunities and inform sourcing decisions. Negotiate consulting agreements, scopes of work, commercial terms, pricing structures, and contract provisions to mitigate risk and optimize business outcomes. Partner with senior stakeholders across functions, regions, and business units to understand requirements, build alignment, and influence sourcing decisions. Prepare and present category insights, sourcing recommendations, and business cases to senior leadership and executive-level stakeholders. Manage multiple sourcing initiatives simultaneously while balancing short-term business needs with longer-term category strategies. Drive continuous improvement opportunities within the consulting category through supplier optimization, demand management, and process enhancements. Required Qualifications Bachelor's degree with a minimum of 7 years of sourcing, procurement, supply chain, or related business experience; or an advanced degree with a minimum of 5 years of sourcing, procurement, supply chain, or related business experience. Experience leading strategic sourcing initiatives, supplier negotiations, and contract discussions across indirect spend categories. Experience managing cross-functional stakeholder relationships and collaborating within a matrixed organization. Experience analyzing data and market information to support sourcing strategies, business cases, and decision-making. Experience managing multiple projects, priorities, and deadlines concurrently. Preferred Qualifications Experience sourcing consulting services or other professional services categories. Experience developing category strategies and leading competitive sourcing events for complex spend portfolios. Advanced proficiency with Microsoft Excel and Microsoft PowerPoint for data analysis, reporting, and executive presentations. Experience presenting sourcing recommendations, savings opportunities, and business cases to senior leadership. Experience working within a global organization with cross-regional stakeholders and suppliers. 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. Physical Job Requirements The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position. The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role. U.S. Work Authorization & Sponsorship At Medtronic, we are committed to fostering an environment where employees can thrive and make a meaningful impact. In alignment with our enterprise-wide workforce planning approach, U.S. work authorization sponsorship (H-1B, TN, J, etc.) is offered exclusively for Principal-level roles and above, where specialized expertise aligns with long-term business needs. Roles below the Principal level require candidates to possess unrestricted U.S. work authorization at the time of hire and for the duration of employment. ‌ Recruitment Fraud Alert We are aware of phishing scams targeting job seekers. Please keep the following in mind: <br