Cost Savings Program Manager
What does it take to be a leader at Medtronic? We look for inspiring and inclusive leaders who partner with others, knowing that diverse talent, skills, and perspectives lead to better outcomes.
As the Cost Savings Program Manager, you will be a key member of Medtronic’s North Haven Manufacturing team providing site wide governance and oversight for cost savings programs and initiatives. Impact patient outcomes. Come for a job, stay for a career.
Surgical Innovations advances minimally invasive surgery to improve outcomes for patients and providers around the globe. From concept to commercialization, we bring meaningful innovation to our robust and growing portfolio of surgical devices and technologies. Through wise investments, thoughtful planning, and world-class partnerships, we help patients get the care? they ?n?eed – from diagnosis to treatment – when they need it.
A Day in the Life
Reporting to the Site Engineering Director with responsibility for Site Wide Cost Savings Pipeline to deliver 5% YoY cost reduction for the North Haven site, you will oversee indirect reporting embedded in the Focus Factories and support functions within the Manufacturing site. You will deliver ~5% COP reduction annually on a ~$450M manufacturing budget (~$30 Million) including Operational Saving Pipeline establishment and continued maintenance, financial leadership of site wide cost savings program, and development of innovative approaches to enhanced cost performance for the manufacture of medical devices.
You will:
• Create and maintain a forward thinking and sustainable cost savings pipeline supported by innovative ideas and systems that drive cost competitiveness for North Haven Manufactured products.
• Develop 1/3/5 Year Cost savings Strategy and Standard Work in support of Cost Savings pipeline development and maintenance
• Accountable for financial analysis efforts and support for all NH Mfg. site cost reduction projects, including financial accounting policies for capturing savings
• Lead Project financial tracking and reporting in support of the Cost savings programs at the North Haven Site
• Establish of Cost savings project management system and tools in support of Local and divisional led cost savings initiatives that impact the North Haven site.
• Work closely with OPEX on Operational efficiency efforts and MOS (Medtronic Operating System) rollout at the site assuring cost savings is an input into MOS strategy and that impacts are measured and captured financially for North Haven
• Partner with divisional support groups in areas of Sourcing and Global Engineering to establish Cost savings partnerships and utilize divisional resources to support cost savings at the North Haven plant
• Drive efforts around Value Engineering of mature product families including “true cost” tools and product feature level valuation and assessment.
• Maintain global awareness of manufacturing strategies & capabilities and provide insights into technology and systems developments in areas of material cost reduction and operational efficiencies.
• Report to senior operations leadership on North Haven cost savings program status and initiatives
• Demonstrate and utilize lean, six sigma, 5S, team building, effective communication, and project management skills to perform essential job functions and develop effective actions plans.
• Communicate and coordinate project activities with multiple functional groups both within and outside of operations
• Develop solutions to a variety of routine problems using computer and logic-based methods
- Bachelors degree required
- Minimum of 5 years of relevant experience, or advanced degree with a minimum of 3 years of relevant experience
Nice to Have
- Understanding of Electro Mechanical Device Design and component manufacturing
- Highly skilled with Excel, MS Project, AutoCAD, and ERP Systems
- High financial acumen & analytic skills
- Diverse background with prior experience in multiple disciplines a plus
- Strong Project management skills.
- Trained/Certified in Lean and/or 6 Sigma
- Value stream mapping experience preferred
- Ability to set policy and supervise and direct others
- Self-directed with the ability to develop, facilitate and gain consensus in a team environment.
- Effective communication skills with superiors, subordinates, and contractors.
- Ability to adapt to evolving projects requirements.
- Problem solving skills, (both technical & business process)
- Demonstrate flexibility, adaptability and integrity when making decisions.
ORGANIZATIONAL RELATIONSHIPS/SCOPE:
This position is an individual contributor role with indirect reports and ability to drive success through influencing others. Role Operates in conjunction with site leadership and drives strategy and action at the site leadership level.
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WORKING CONDITIONS:
Normal Office conditions, with time spent working on manufacturing shop floors.
About Medtronic
Together, we can change healthcare worldwide. At Medtronic, we push the limits of what technology, therapies and services can do to help alleviate pain, restore health and extend life. We challenge ourselves and each other to make tomorrow better than yesterday. It is what makes this an exciting and rewarding place to be.We want to accelerate and advance our ability to create meaningful innovations - but we will only succeed with the right people on our team. Let’s work together to address universal healthcare needs and improve patients’ lives. Help us shape the future.
Physical Job Requirements
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. (ADA-United States of America)
