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.

Procurement Specialist

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

This role will support the procurement team by handling daytoday purchasing activities and coordinating program activities.The role will also be responsible for cost analyses and financial reporting by gathering, analyzing, and quantifying cost data. As a key partner to crossfunctional teams, this position will help ensure the division meets its broader sourcing and financial objectives.

What You'll Work On

• Purchasing Responsibilities may include:

• Reviews supplier quotes for accuracy and creates supplier comparison reports that include various factors such as price, performance, project costs, tooling cost, and other metrics that are needed to make key supplier decisions.
• Creates purchase requisitions and internal approval forms and ultimately places Purchase Orders (PO) and manages the PO maintenance until it is closed to include invoice payment.
• Leads and executes assigned projects to assure all procurement activities are performed as required, including but not limited to ad hoc reporting, SOWs/RFI's/Ordering documents, etc., assisting with supplier selection, etc.
• Works with inventory management/warehouse management to resolve issues.
• Lead special projects as requested to reduce cost, increase efficiency, etc.
• May process some or all of the following: rejected components/corrective action, returns, debit memos, etc.
• Maintaining and enhancing relationships with user departments to implement improvements in the supply chain to reduce lead times, inventory and material liabilities.
• Prepare detailed reports, both periodically and ad-hoc.

• Cost Responsibilities may include:

• Serve as the owner of financial cost reporting and support Senior Management and key stakeholders to gain understanding of key revenue and cost drivers.
• Provide value-added quantifications of purchase price variances and manufacturing costs.
• Ensure costs and pricing within the cost tracking system are accurate and timely.
• Provide analyses to support key business changes that impact the division.
• Create cost models to help estimate and project future expenses.
• Collaborate with category managers to maintaining visibility to materials costs and identify key business cost drivers.

• Maintains compliance and supports all company initiatives as identified by management and in support of Quality Management Systems (QMS), Environmental Management Systems (EMS), Good Manufacturing Practices (GMP), U.S. Food and Drug Administration (FDA) regulations, Corporate and division policies, procedures, processes and other regulatory requirements.

• Ensures that all communications, actions, interactions and behaviors are consistent with ADC core values and the Abbott Code of Conduct.

Required Qualifications

• 0-2 years of procurement or functional experience.
• Experience with database tools, data visualization and strong MS Excel desired.
• Able to work under pressure and achieve tight timelines.
• Strong analytical skills and a problem-solving mindset to achieve positive results.
• Creative thinking; strong ability to think outside of the box and bring alternative or innovative ideas to the table.
• 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.
• Strong organizational and follow-up skills.
• Able to grasp and analyze complex issues and effectively resolve them.
• Good attention to detail and high standards of accuracy.

Apply Now

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.

Divisional Information

Medical Devices

General Medical Devices:

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.

Diabetes

We’re focused on helping people with diabetes manage their health with life-changing products that provide accurate data to drive better-informed decisions. We’re revolutionizing the way people monitor their glucose levels with our new sensing technology.

The base pay for this position is $81,500.00 – $141,300.00. In specific locations, the pay range may vary from the range posted.