Senior Procurement Specialist

Senior Procurement Specialist

Abbott 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 115,000 colleagues serve people in more than 160 countries.

The Opportunity

Our Plymouth, MN location is looking for an experienced Senior Specialist in strategic procurement who will be responsible for the management of direct procurement category in support of our Structural Heart Division.

What You'll Work On

• Proactively identifies areas of opportunity for new business opportunities, process improvement, and cost efficiencies.
• Provides insight to the business unit on how to best develop and leverage Component manufacturers capabilities for the organization(s).
• Develops and implements global commodity/sourcing strategies to support objectives (cost, quality, service, risk mitigation, favorable terms) in the area of direct material commodities, providing the division with a competitive advantage
• Locates, analyzes, and develops a consolidated supplier base that meets current and future commodity needs as communicated by the division
• Understands, tracks, and forecasts the key cost drivers and market factors for assigned commodities
• Compiles market condition information regarding commodities and suppliers and suggests/implements business strategy changes
• Develops cost reduction projects and works with the relevant stakeholders and business units to implement it successfully
• Directs the negotiation and management of contracts/agreements for assigned commodities
• Provides guidance and overall direction to the purchasing/commodity team regarding contract management, agreements, policy development, art of negotiation and other supply chain activities in the spirit of providing mentoring and coaching to develop the teams knowledge, skills and abilities
• Develops risk management strategies and recommends short and long terms strategies with defined risk/benefit strategies to relevant stakeholders
• Identifies alternate sources as necessary to ensure a steady flow of materials and cost competitiveness
• Maintains and promotes sound relationships with both internal and external customers
• Develops cross-functional commodity teams to understand division-wide needs and evaluate suppliers
• Partner with corporate procurement lead and support electronics category procurement strategy for EP and align with overall corporate strategy.

Required:

• Bachelor's degree in Business degree, Engineering, or related field
• 5+ years of Procurement and /or Category experience.
• Robust people skills that include developing strong relationships and solving problems
• Strong use Microsoft Office Suite / spreadsheet programs
• Excellent communication skills (written and verbal)
• Excellent interdisciplinary, intercultural, influence, and networking skills. International experience
• Ability to develop actionable implementation plans.
• Relevant business process knowledge, as related to Procurement and Category Management.
• Knowledge of category technologies and products
• Good negotiating skills
• Ability to travel approximately up to 5%

What We Offer

At Abbott, you can have a good job that can grow into a great career. We offer:

• A fast-paced work environment where your safety is our priority
• Production areas that are clean, well-lit and temperature-controlled
• Training and career development, with onboarding programs for new employees and tuition assistance
• Financial security through competitive compensation, incentives and retirement plans
• Health care and well-being programs including medical, dental, vision, wellness and occupational health programs
• Paid time off
• 401(k) retirement savings with a generous company match
• The stability of a company with a record of strong financial performance and history of being actively involved in local communities

The base pay for this position is $86,700.00 $173,300.00. In specific locations, the pay range may vary from the range posted.