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 114,000 colleagues serve people in more than 160 countries.

About Abbott

Abbott is a global healthcare leader, creating breakthrough science to improve people’s health. We’re always looking towards the future, anticipating changes in medical science and technology.

Working at Abbott

At Abbott, you can do work that matters, grow, and learn, care for yourself and family, be your true self and live a full life. You’ll also have access to:

• Career development with an international company where you can grow the career you dream of.
• Free medical coverage for employees* via the Health Investment Plan (HIP) PPO.
• An excellent retirement savings plan with high employer contribution.
• Tuition reimbursement, the Freedom 2 Save student debt program and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree.
• A company recognized as a great place to work in dozens of countries around the world and named one of the most admired companies in the world by Fortune.
• A company that is recognized as one of the best big companies to work for as well as a best place to work for diversity, working mothers, female executives, and scientists.

The Opportunity

We have an immediate opportunity for a Senior Procurement Specialist in our Lake County, Abbott Park, IL location.

The Senior Procurement Specialist is responsible for leading and executing the procurement engineering activities for assigned categories and subcategories. Work closely with key stakeholders in both Corporate and Division organizations to develop effective cost reduction strategies, improve supply chain resiliency, and drive innovation through New Product Implementation (NPI). Nurture stakeholder relationships by serving as a business partner, helping identify critical business requirements and providing sourcing and procurement services that exceed expectations. Drive reduced total cost of ownership (TCO) by standardizing component specifications and optimizing Tier 2 and Tier 3 supply chains. Leverage extensive market and supplier knowledge to drive lower TCO. Represent Abbott strategically in the industry and community. Be recognized as a thought leader within strategic discipline. Significantly influence functional strategy. Lead initiatives.

WHAT YOU’LL DO

• 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).
• Be considered an SME across plastic component categories.
• Evaluating and select suppliers, negotiate supply agreements, and monitor the quality and timely delivery of materials.
• Maintain a strong understanding of "One Procurement" category strategies and work on projects that impact the "One Procurement" team.
• Anticipate internal/external business challenges and drive change.
• Solve complex problems, taking a broad perspective to identify solutions.
• Educate internal stakeholders on existing solutions and enable performance and tech tools development.
• Develop and manage supplier KPI's.
• Drive value enhancement and cost savings for categories.

Strategic Thinking:

• Leverage professional expertise and relationships to contribute to strategy and drive business results. Lead the development of functional strategy.
• Lead change and innovation. Stimulate creativity and innovation in others. Be open to new ideas. Support change and take appropriate risks. Promote a Global Perspective.
• Support component category procurement strategy for Abbott. Align with overall strategy and be an enabler.
• Drive TCO reductions for category. Clearly define category taxonomy and manage baseline.
• Advise business unit(s) about similar strategies employed by other healthcare companies.
• Manage initiatives that span virtual teams across the world.

Relationship Management:

• Partner with business leaders (Manager, Director) to manage and align the category. Closely collaborate with adjacent business departments and external partners to ensure adequate and timely delivery of agreed services, in line with agreed service levels.
• Partner and collaborate with key One Procurement staff of other Abbott divisions in order to support cross-divisional business initiatives and explore Procurement synergies and efficiencies.
• Build and maintain strategic relationships with key category vendors as well as counterparts at other Healthcare/Consumer companies. Manage ongoing Supplier relationships.
• Develop and implement agreed purchasing strategies for category.
• Initiate a collaborative environment among stakeholders.
• Maintain strong relationships across various functions, demonstrate the value-add of leveraging and build enthusiasm and support for adoption.
• Ensure optimal balance between value for money and cost savings is achieved, while ensuring quality and good customer service.

Leading People:

• Lead project teams responsible for selection of category strategy.
• Identifies and deals with people issues in a constructive and timely manner.
• Responsible for overall morale of team and promotes cohesive attitude.

Compliance

• Responsible for compliance with applicable Corporate and Divisional policies and procedures.

EDUCATION AND EXPERIENCE YOU’LL BRING

Required Skills and Qualifications:

• Bachelor’s Degree preferably in technical discipline.
• Successful 4+ year track record within procurement, supply chain, operations, or engineering.
• Excellent communication skills (written and verbal).
• Excellent interdisciplinary, intercultural, influence, and networking skills.
• Ability to develop actionable implementation plans and drive results.
• Relevant business process knowledge, as related to Procurement and Category Management.

Desired Skills and Qualifications:

• Master’s degree in business administration (MBA) or relevant certification (e.g., CPSM, CPM, PMP).
• Project Management Professional (PMP) or similar certification.
• Excellent analytical skills and ability to utilize advanced MS Excel skills or other tools for reporting and trending.
• Excellent program/project management skills.
• Able to deal with ambiguity and adapt to change.
• Experience with supplier management.
• Excellent negotiation skills.
• Deep knowledge of Injection Molding, Blow Molding, or Extrusion and related raw materials technologies and products.

Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives:

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.

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The base pay for this position is $72,700.00 – $145,300.00. In specific locations, the pay range may vary from the range posted.