Sr Buyer at Abbott

Alajuela, Alajuela, Costa Rica

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical Devices, ElectrophysiologyIndustries

Requirements

Bachelor’s Degree in Business, Supply Chain or equivalent experience
5 years of progressively responsible experience in purchasing/commodity management
3 years working with purchasing/commodity management software
Experience leading validation plans for medical industry products and processes

Responsibilities

Negotiates long term contracts which are not managed by the commodity management teams, within established limitations and scope of authority to obtain the most favorable business partnerships, including but not limited to quality, availability and cost
Plans and schedules deliveries to optimize inventories in support of production schedules/business demands by working with forecasting data/teams, planning teams, commodity teams and shipping/receiving teams
Reviews purchase requisitions and confers with vendors to obtain product information such as price, availability and delivery schedule, reviewing quotes for accuracy and competitive strategies
Implements process and procedure best practices by partnering with other functional leadership with the related product lines
Facilitates vendor corrective action and partners with SQE and suppliers to improve quality
Participates in Research and Development meetings, developing and implementing action plans to support requirements bringing new products expeditiously to market
Recommends pricing strategies to achieve department operating goals
Creates and maintains mutually beneficial long-term partnerships with suppliers to foster feedback and continuous improvement, usually being the single source of contact for the vendor
Investigates and recommends new vendors
Performs as purchasing subject matter expert for internal and external customers due to extensive knowledge of purchasing and product line operations
Provides coaching and mentoring to junior members of the purchasing team
Monitors supplier performance, communicates and takes action to maintain high levels of supplier performance. Maintains and updates supplier databases as required
Generates highly complex reports and performs data analysis to proactively plan or resolve issues
Works with inventory management/warehouse management to resolve issues
Leads special projects as requested to reduce cost, increase efficiency, etc

Skills

Procurement

Supplier Negotiation

Contract Negotiation

Purchasing

Supply Chain Management

Vendor Management

Price Quoting

Specifications Management

Supplier Performance Tracking

Cost 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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