Purchasing Manager
2 weeks ago
Abbott Laboratories is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals, and branded generic medicines. Our 114,000 colleagues serve people in more than 160 countries.
The OpportunityThis position works out of our Abbott Vascular site in Westford, MA. Our medical devices help more than 10,000 people have healthier hearts, improve quality of life for thousands of people living with chronic pain and movement disorders, and liberate more than 500,000 people with diabetes from routine fingersticks. Abbott Vascular provides innovative, minimally invasive, and cost-effective products for the treatment of vascular disease.
Key Responsibilities- Develop and execute procurement strategies for goods and services required within the entity.
- Identify opportunities for cost reduction, quality, and technology, and develop strategies to achieve them.
- Negotiate and manage contracts/agreements for assigned commodities with low to medium risk and low to medium complexity.
- Administer agreements per best practices.
- Develop risk management strategies and recommend short and long-term strategies with defined risk/benefit strategies.
- Develop alternate sources to ensure a steady flow of goods, materials, and/or services.
- Maintain budget and perform analyses of costs related to labor rates, charges, time, and cost of materials.
- Monitor supplier capability and performance to ensure maintenance of deliver, quality, and price commitments.
- Maintain and promote sound relationships with suppliers and the business community.
- Support projects to assure all procurement activities are performed as required.
- Create and maintain mutually beneficial long-term partnerships with suppliers to foster feedback and continuous improvement.
- Develop cross-functional teams to understand division-wide needs and evaluate suppliers.
- Understand, track, and forecast key cost drivers and market factors for assigned commodities.
- Compile market condition information regarding commodities and suppliers and suggest/implement business strategy changes.
- Lead in the development of materials policies and procedures.
- Comply with U.S. Food and Drug Administration (FDA) regulations, other regulatory requirements, Company policies, operating procedures, processes, and task assignments.
- Bachelor's degree in Business, Supply Chain, or equivalent.
- Minimum 5 years of progressively responsible experience in purchasing/commodity management.
- 3 years of working in a highly regulated environment.
- 3 years of working with purchasing/commodity management software.
- Experience negotiating terms purchasing agreements.
- Experience working in a broader enterprise/cross-division business unit model preferred.
- Ability to work in a highly matrixed and geographically diverse business environment.
- Ability to work within a team and as an individual contributor in a fast-paced, changing environment.
- Ability to leverage and/or engage others to accomplish projects.
- Strong verbal and written communications with the ability to effectively communicate at multiple levels in the organization.
- Multitasks, prioritizes, and meets deadlines in a timely manner.
- Strong organizational and follow-up skills, as well as attention to detail.
- Ability to travel approximately 10%, including internationally.
Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan. Free coverage applies in the next calendar year.
Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives: www.abbottbenefits.com
Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.
Connect with us at www.abbott.com, on Facebook at www.facebook.com/Abbott, and on Twitter @AbbottNews.
The base pay for this position is $95,000.00 - $190,000.00. In specific locations, the pay range may vary from the range posted.
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