Category Manager at Abbott

Alameda, California, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical DevicesIndustries

Requirements

Experience in procurement, sourcing, or category management, particularly with critical electronics components
Ability to implement sourcing strategies for indirect or direct commodities
Skills in locating, analyzing, and developing a consolidated supplier base
Expertise in directing negotiation and management of contracts/agreements for medium to high risk and complexity commodities
Capability to provide guidance, mentoring, and coaching to purchasing/category management teams on contract management, agreements, policy development, negotiation, and supply chain activities
Knowledge of risk management strategies and developing short- and long-term strategies with risk/benefit analysis
Proficiency in maintaining budgets and performing cost analyses related to labor rates, charges, time, and materials
Experience monitoring supplier capability and performance for delivery, quality, and price commitments
Strong networking skills to maintain relationships with suppliers and the business community
Ability to lead projects ensuring procurement activities are performed as required
Skills in creating and maintaining long-term supplier partnerships for continuous improvement
Experience developing cross-functional teams to evaluate suppliers and understand division-wide needs
Understanding of key cost drivers, market factors, and ability to track and forecast them for assigned commodities
Ability to compile market condition information

Responsibilities

Direct and set procurement strategies for critical electronics components
Identify opportunities and take action for cost reduction, quality, and technology in conjunction with internal business areas and projects
Implement sourcing strategies to support objectives in indirect or direct commodities, providing competitive advantage in materials, supplies, and services
Locate, analyze, and develop a consolidated supplier base to meet current and future commodity needs
Direct the negotiation and management of contracts/agreements for assigned commodities with medium to high risk and medium to high complexity
Provide guidance and direction to the purchasing/category management team on contract management, agreements, policy development, negotiation, and supply chain activities, including mentoring and coaching
Develop risk management strategies and recommend short- and long-term strategies with defined risk/benefit approaches; develop alternate sources for 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 delivery, quality, and price commitments
Maintain and promote sound relationships with an extensive network of suppliers and the business community; connect team members with potential suppliers
Lead 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, including driving improvements with the supplier base
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

Skills

Procurement

Category Management

Global Sourcing

Strategic Sourcing

Supply Chain Management

Electronics Components

Supplier Management

Abbott

Healthcare solutions in diagnostics and devices

About Abbott

Abbott Laboratories focuses on improving health through various medical technologies and health solutions. The company operates in areas such as cardiovascular health, diabetes management, diagnostic testing, nutrition, and neuromodulation for chronic pain and movement disorders. Abbott's products include advanced medical devices and diagnostic tests that help healthcare professionals and patients manage health conditions effectively. For example, their cardiovascular technologies assist in heart health management, while diabetes care products enable accurate glucose monitoring without painful fingersticks. Unlike many competitors, Abbott emphasizes accessibility and affordability in its offerings, aiming to make life-changing technologies available to a broader audience. The company's goal is to positively impact global health and well-being, supported by a commitment to sustainability and a 2030 Sustainability Plan.

Lake Bluff, IllinoisHeadquarters

1888Year Founded

IPOCompany Stage

HealthcareIndustries

10,001+Employees

Risks

Departure of key leader Dr. Adamson may affect Abbott's Heart Failure division.

Integration challenges with Medtronic could impact glucose monitor-insulin pump rollout.

Thermo Fisher's microfluidics expansion may increase competition for Abbott.

Differentiation

Abbott integrates continuous glucose monitoring with automated insulin delivery systems.

Abbott's microfluidic devices streamline diagnostic processes efficiently.

Abbott's neuromodulation products target specific nervous system areas for chronic pain relief.

Upsides

Microfluidic technology offers cost-effective solutions in diagnostics.

Strategic partnerships like Abbott-Medtronic enhance product offerings and market reach.

Significant investments indicate strong market confidence in Abbott's healthcare solutions.

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