Senior Principal Procurement Specialist
Senior Principal Procurement Specialist

Senior Principal Procurement Specialist

Watford Full-Time 48000 - 72000 £ / year (est.) No home office possible
Go Premium
M

At a Glance

  • Tasks: Lead procurement strategies and manage supplier relationships in the healthcare sector.
  • Company: Medtronic is a global leader in healthcare technology, dedicated to solving health challenges.
  • Benefits: Enjoy competitive salary, flexible benefits, and remote work options.
  • Why this job: Join a passionate team focused on innovation and making a real impact in healthcare.
  • Qualifications: Bachelor's degree required; extensive procurement experience in healthcare preferred.
  • Other info: Remote role with occasional travel; ideal for strategic thinkers and problem solvers.

The predicted salary is between 48000 - 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, you will report to IHS Procurement and Supplier Management (PSM) EMEA lead, focusing 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. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.

Senior Principal Procurement Specialist employer: Medtronic

At Medtronic, we pride ourselves on being an exceptional employer that champions innovation and healthcare equity. Our supportive work culture fosters collaboration and professional growth, offering a competitive salary and flexible benefits tailored to your life stage. With opportunities to lead impactful projects in a remote role based in the UK, you will be part of a passionate team dedicated to solving real health challenges while enjoying a healthy work-life balance.
M

Contact Detail:

Medtronic 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, especially in relation to procurement. Understanding how medical devices and services are sourced and managed will give you a significant edge during interviews.

✨Tip Number 2

Network with professionals in the healthcare procurement sector, particularly those with experience in 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 challenges in medical device procurement. Being knowledgeable about current issues can help you demonstrate your strategic thinking and problem-solving skills during discussions.

✨Tip Number 4

Prepare to discuss your experience with KPIs and supplier management. Be ready to share specific examples of how you've successfully managed supplier relationships and mitigated risks in previous roles.

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

Strategic Sourcing
Supplier Relationship Management
Negotiation Skills
Stakeholder Management
Procurement Best Practices
Analytical Skills
Risk Management
Healthcare Supply Chain Knowledge
Team Leadership
Performance Measurement (KPI Development)
Financial Acumen
Communication Skills
Problem-Solving Orientation
Project Management

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 skills and experiences make you a perfect fit for the Senior Principal Procurement Specialist role, particularly in developing procurement strategies.

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

Showcase Leadership Experience: Since the role involves mentoring and developing procurement professionals, include any leadership experiences you have. Discuss how you've built high-performing teams and contributed to organisational capability in your past positions.

How to prepare for a job interview at Medtronic

✨Understand the Healthcare Value Chain

Familiarise yourself with the healthcare value chain, especially in relation to procurement. Be prepared to discuss how your experience aligns with Medtronic's mission of championing healthcare access and equity.

✨Showcase Your Negotiation Skills

As a Senior Principal Procurement Specialist, strong negotiation skills are crucial. Prepare examples of past negotiations where you achieved significant results, particularly in the medical device sector.

✨Demonstrate Stakeholder Management Experience

Highlight your experience in managing stakeholder requirements. Be ready to discuss how you've ensured that needs are met in previous roles, particularly in complex environments like the NHS.

✨Prepare for Strategic Sourcing Discussions

Be ready to talk about your strategic sourcing initiatives. Discuss specific strategies you've implemented in the past and how they contributed to financial success and operational efficiency.

Senior Principal Procurement Specialist
Medtronic
Location: Watford
Go Premium

Land your dream job quicker with Premium

You’re marked as a top applicant with our partner companies
Individual CV and cover letter feedback including tailoring to specific job roles
Be among the first applications for new jobs with our AI application
1:1 support and career advice from our career coaches
Go Premium

Money-back if you don't land a job in 6-months

M
  • Senior Principal Procurement Specialist

    Watford
    Full-Time
    48000 - 72000 £ / year (est.)
  • M

    Medtronic

Similar positions in other companies
UK’s top job board for Gen Z
discover-jobs-cta
Discover now
>