Job Description

Careers that Change Lives

A Day in the Life

• Under the direction of Strategic Sourcing Manager with guidance from Director Strategic Sourcing, the Predictive Cost Analyst will successfully Build Pedictive Cost Models & Target price analysis in alignment with the Commodity & Cost Intelligence strategy.
• The individual will
• The individual will Work closely with Operating Units and Category Leaders to provide data analysis aligned with key initiatives
• The individual will also develop business cases to support key cost down initiatives through Cost gap analysis, recommended process improvements etc.
• The analyst will support routine reporting for Enterprise Metrics/different Dashboards in alignment with the Supply Management Solutions strategy.

• Plan, develop, and execute Predictive cost analytic strategies working with various Operating units, category managers or functional leads
• Ability to effectively work with a team and to influence others
• Flexible to work during US office Hours

Must Have

• Experience in Sourcing/Supply chain Management
• Experience in Interacting with cross functional teams
• Knowledge on Product cost drivers
• Experience in formation of data grouping and identifying the correlation between the groups, Data mining, regression analysis
• Experiece in statistical tools likeMinitab and Power BI or similar tools
• Excellent verbal and written communication skills in English
• Excellent time management and professionalism
• Ensure seamless communication across, Operating Units, Category management and other functions
• Ability to effectively work with a team and to influence others
• Ability to read 2D and 3D drawings (Experience with CAD software)
• Ability to do Should cost analysis
• Demonstrated knowledge and use of Microsoft Office products

Qualifications

• Bachelors of Engineering in Mechanical/Industrial/Manufacturing
• 3-6 years experience in manufacturing/sourcing/pricing/cost-management, out of which at least 2 years in to Predictive cost/data analytics field.

Preferred Qualification

• MS/MTech. in Industrial Engineering
• MS or MBA or Studying in Supply Chain Management or Supply Management

Nice to Have

• Able to perform supplier pricing/Costing analysis and develop plans to reduce cost
• Work experience with US teams
• Value Analysis Value Engineering experience to drive value and cost improvement
• Lean Six-Sigma training and/or Green belt certified.
• Proficient in presenting Global Teams in English
• Experience in regulated industries like Aerospace or Medical
• Familiarity with big data concepts and principles
• Knowledge of Oracle ERP software system
• Some familiarity with analytics and reporting tools: SQL, MS-Access
• Ability to work with little direction and supervision, manage timelines and expectations, adjust for unplanned assignments, and adapt to changing priorities

Travel

5% - Including International Travel

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. Lets 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)

Additional Information

• Posting Date: Jan 16, 2023
• Travel: Yes,

Medtronic