Director Procurement at Abbott

North Chicago, Illinois, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical Devices, Diagnostics, Nutritionals, PharmaceuticalsIndustries

Requirements

BA/BS required (BS in Engineering or a related field is preferred)
MBA is a plus
Certified Professional in Supply Management (CPSM), Certified Purchasing Manager (CPM) or similar certification desirable

Responsibilities

Manage all capital procurement globally, including Investment Recovery program, Construction, Engineering Services, and Production Equipment (over $1.3B of spend)
Drive "One Abbott Procurement" vision across divisions globally and influence synergies among divisions
Work closely with key stakeholders in Corporate and Division organizations to develop effective cost reduction strategies and implementation plans
Nurture stakeholder relationships by serving as a business partner, identifying critical business requirements, and providing sourcing and procurement services that exceed expectations
Leverage market and supplier knowledge to drive lower Total Cost of Ownership (TCO)
Represent Abbott strategically in the industry and community
Proactively identify new business opportunities, process improvements, and cost efficiencies
Provide insight to business units on developing and leveraging supplier capabilities
Serve as primary point of contact for overall category needs and prioritize demand globally across the category
Balance organizational and divisional priorities with spend profile, influencing decisions that protect company assets
Understand business requirements, challenges, priorities, must-win battles, and key value drivers; transform into category sourcing strategies
Confirm business objectives, challenges, projects, requirements, and expectations; translate into category strategic planning processes and solutions
Provide compelling category and sourcing insights to contribute to business strategies
Lead a team of direct reports and influence dotted line reports in other parts of the world or within divisions
Drive value creation by identifying cost improvement opportunities, presenting to divisional leadership for prioritization, resourcing, and implementation; align with regional teams and drive execution
Own and measure cost improvement targets and projects; report to key business stakeholders
Enable supplier evaluation processes, KPIs definition, and monitoring
Research supply base, industry, and marketplace
Conduct analysis on industry, regional, and divisional requirements and suppliers
Lead development of global benchmarks and understand category industry dynamics with peers to bring best practices
Guide stakeholders on structuring and implementing RFQs/RFIs/RFPs to obtain best-in-class supplier capabilities
Provide support during vendor screening and selection process
Develop and drive fact-based negotiation strategies with high-profile vendors
Work with legal and business functions to execute Master Service Agreements and Statements of Work
Recommend process improvements to streamline efficiencies
Communicate issues to leadership while driving resolution
Utilize technology and tools effectively

Skills

Procurement

Capital Expenditure

Investment Recovery

Construction Procurement

Engineering Services

Production Equipment

Sourcing

Cost Reduction

Stakeholder Management

Supplier Management

Category Management

TCO Optimization

Process Improvement

Strategic Sourcing

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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