Apr 25, 2024

Design to Cost Engineer

  • Abbott
  • Abbott Park, Lake Bluff, IL, USA
Full time Health Care

Job Description

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. 
•    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:

Design to Cost Engineer is responsible for developing analyses and opportunities using their mechanical engineering skills. This Engineer will work with multiple Abbott businesses to secure the product supplyreduce costs, increase yields, value engineer products, solidifying the Abbott Labs supply chain. 

Core Responsibilities:   

  • Develop a portfolio of projects to deliver results in fast-changing business environments.   
  • Lead projects and project leaders to have a significant impact on global business.  
  • Ideates with business stakeholders to deliver a broad solution set. 
  • Solves complex problems, takes a broad perspective to identify solutions.  
  • Drive value and savings for categories.  
  • Collaboration with functions  

Strategic Thinking:   

  • Coordinate across corporate, functions, and divisions to share best practices and adherence to guidelines.  
  • Understand the overall needs of multiple business units and negotiate an accepted portfolio meeting the most strategic needs of the category.  
  • Measure and track internal performance.  
  • Advise business unit(s) about similar strategies employed by other healthcare companies.  

Relationship Management:   

  • 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  
  • Monitor market dynamics for categories across regions.  
  • Continually look for opportunities for cost reductions and cost avoidance.  

Compliance:   

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

Accountability:   

  • Operates with goals set by the DVP/Senior Director of Category.  
  • Has a direct impact on budgets, expenses, and major project completion.  

Business Impact:   

  • Spend: $50-100MM   
  • Suppliers:500-750  
  • Connection within business: 5-10   
  • The span of control: global   

Apply Now 

  • Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan. Free coverage applies in the next calendar year.
  • 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 and @AbbottGlobal 

Experience Level

Entry-level (0-5 years)

Education Required

BA or equivalent experience required.

Required Experience

Minimum Education:   

  • BA or equivalent experience required.
  • Successful, 2–4 years track record within procurement and supply chain management   
  • Certified Professional in Supply Management (CPSM), Certified Purchasing Manager (CPM) or similar certification desirable   
  • A Project Management Professional (PMP) or similar certification is desirable.

Minimum Education/Training Required:   

  • 2-4 years of Engineering and/or Procurement and /or deep Category experience.  
  • Strong functional experience preferably with the knowledge of mechanical engineering skills. 
  • Strong project management skills.  
  • Strong communication skills (written and verbal)  
  • Strong interdisciplinary, intercultural, influence, and networking skills  
  • International experience  
  • Deep knowledge of category technologies and products.  
  • Strong negotiating skills 

Security Clearance Required

No

Apply Now