Senior Principal Procurement Specialist
Senior Principal Procurement Specialist

Senior Principal Procurement Specialist

Watford Full-Time 43200 - 72000 £ / year (est.) Home office possible
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At a Glance

  • Tasks: Lead procurement strategies for medical products, ensuring top-notch supplier management and operational efficiency.
  • Company: Join Medtronic, a global leader in healthcare technology dedicated to solving the world's toughest health challenges.
  • Benefits: Enjoy remote work flexibility, competitive salary, and a comprehensive benefits package tailored for your career stage.
  • Why this job: Make a real impact in healthcare while working in a dynamic, inclusive culture that values innovation and growth.
  • Qualifications: Bachelor's degree required; extensive procurement experience in healthcare preferred, with strong negotiation and analytical skills.
  • Other info: This role offers opportunities for travel and mentorship within a passionate team of over 95,000 professionals.

The predicted salary is between 43200 - 72000 £ per year.

At Medtronic, you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You’ll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world.

A Day in the Life

Integrated Health Solutions (IHS) team members are seasoned professionals with in-depth knowledge of the healthcare value chain, as well as breadth of experience across multiple disciplines. They partner with hospital management teams and payers to drive complex transformational change, implement innovative growth strategies, streamline patient-focused care pathways and optimize operations.

In this role as a Senior Principal Procurement Specialist reporting to IHS Procurement and Supplier Management (PSM) EMEA lead, you will focus on the UK supporting the sourcing of medical products and services into the IHS Managed Cath Labs and Theatres as well as managing the supplier base and dealing with operational issues that arise in the market. This is a remote role, but based in the UK, with the ability to work from home and a willingness to travel (15-20%), typically in the London area but could also include international travel.

Responsibilities may include the following and other duties may be assigned:

  • Develop and execute comprehensive procurement strategies aligned with organizational objectives with suppliers of medical devices and equipment, including best-in-class procurement policies, procedures, and governance frameworks.
  • Lead complex sourcing initiatives and negotiations independently and together with our client’s procurement team.
  • Manage stakeholder requirements and ensure that needs are consistently met (e.g., on-time go-live of new accounts).
  • Establish and monitor KPIs to measure procurement performance and value creation.
  • Identify and mitigate supply chain risks through proactive supplier management, working closely with vendors, the IHS on-site team and our clients.
  • Manage supplier relationships – ensuring continuity of supply for our IHS managed service accounts.
  • Mentor and develop procurement professionals to build organizational capability.

Required Knowledge and Experience:

  • Bachelor's degree required or master’s degree in business, Supply Chain or related field preferred.
  • Extensive experience in procurement and previous senior procurement role in healthcare, ideally with NHS SC (National Health Service Supply Chain).
  • Proven track record of delivering significant financial results through strategic sourcing.
  • Strong knowledge of the medical device sector, including different sourcing strategies.
  • Demonstrated success in building and managing high-performing teams.
  • Expert knowledge of procurement best practices, methodologies and technologies.
  • Strong analytical skills with the ability to translate spend data into actionable insights.
  • Exceptional negotiation and stakeholder management skills.
  • Strategic thinker with the ability to translate business needs into sourcing strategies.
  • Professional certification such as CPSM (Certified Professional in Supply Management), MCIPS (Member of the Chartered Institute of Procurement and Supply) or equivalent strongly preferred.
  • Exceptional leadership skills with an innovative problem solver orientation and strong communication skills.

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.

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.

About Medtronic

We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions. Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 95,000+ passionate people. We are engineers at heart— putting ambitious ideas to work to generate real solutions for real people.

What We Do

We change lives. Each team member, each day, helps to improve and redefine how the world treats the most pressing health conditions, from heart disease to diabetes. Our industry leadership comes from the passion and ingenuity of our people. That’s who we are. Working alongside one another, we use science, medicine, and a profound understanding of the human body to build extraordinary technologies that can transform lives.

How We Are Different

These commitments set our team apart from the rest: Experiences that put people first. Respect for people is the hallmark of our humanity. It fuels our team to positively impact even a single life. And it means we put our people first at Medtronic as well, creating a culture of belonging and always pushing to get you the career-building resources you need.

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.

Senior Principal Procurement Specialist employer: Medtronic plc

At Medtronic, we pride ourselves on being an exceptional employer that champions healthcare access and equity while fostering a culture of innovation and collaboration. Our remote working model allows you to balance your professional and personal life, while our commitment to employee growth ensures you have the resources and opportunities to develop your career in a meaningful way. Join us in transforming lives through cutting-edge healthcare technology, where every team member's contributions are valued and celebrated.
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Contact Detail:

Medtronic plc Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Principal Procurement Specialist

✨Tip Number 1

Familiarise yourself with the healthcare value chain and procurement processes specific to medical devices. Understanding the nuances of sourcing in this sector will give you an edge during discussions with potential employers.

✨Tip Number 2

Network with professionals in the healthcare procurement field, especially those who have experience with NHS Supply Chain. Engaging with industry experts can provide insights and potentially lead to referrals.

✨Tip Number 3

Stay updated on the latest trends and technologies in procurement and supply chain management. Being knowledgeable about current best practices will demonstrate your commitment to continuous improvement and innovation.

✨Tip Number 4

Prepare to discuss your previous successes in strategic sourcing and supplier management during interviews. Highlighting quantifiable results from your past roles will showcase your ability to deliver financial outcomes that align with the company's goals.

We think you need these skills to ace Senior Principal Procurement Specialist

Strategic Sourcing
Supplier Relationship Management
Negotiation Skills
Stakeholder Management
Procurement Best Practices
Healthcare Industry Knowledge
Financial Acumen
Analytical Skills
Risk Management
Team Leadership
Performance Measurement (KPI Development)
Communication Skills
Problem-Solving Skills
Project Management
Knowledge of Medical Devices and Equipment

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in procurement, especially within the healthcare sector. Emphasise your achievements in strategic sourcing and supplier management to align with the job requirements.

Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of Medtronic's mission and values. Explain how your background and skills make you a perfect fit for the Senior Principal Procurement Specialist role, particularly your experience with NHS SC.

Highlight Key Skills: In your application, focus on key skills mentioned in the job description, such as negotiation, stakeholder management, and analytical abilities. Provide specific examples of how you've successfully applied these skills in previous roles.

Proofread Your Application: Before submitting, thoroughly proofread your application materials. Check for spelling and grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail.

How to prepare for a job interview at Medtronic plc

✨Understand the Healthcare Landscape

Familiarise yourself with the current trends and challenges in the healthcare sector, particularly regarding procurement. Being able to discuss how these factors influence sourcing strategies will demonstrate your industry knowledge.

✨Showcase Your Negotiation Skills

Prepare examples of past negotiations where you achieved significant results. Highlight your approach to stakeholder management and how you navigated complex situations to reach a successful outcome.

✨Demonstrate Analytical Thinking

Be ready to discuss how you've used data to inform procurement decisions. Prepare to explain how you translate spend data into actionable insights and how this has benefited previous employers.

✨Emphasise Leadership Experience

As a senior role, they will be looking for strong leadership skills. Share experiences where you've mentored or developed team members, and how you've built high-performing teams in your previous roles.

Senior Principal Procurement Specialist
Medtronic plc
M
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