Apr 26, 2024

Procurement Specialist: Third Party Manufacturing (TPM)

  • Abbott
  • Abbott Park, Lake Bluff, IL, USA
Full time Manufacturing Purchasing-Procurement Research Strategy-Planning Supply Chain

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 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

The procurement specialist will apply experience and procurement knowledge to execute global category strategies.  Work with internal customers from Abbott divisions to solve issues, drive cost savings, assist in aligning division strategies with global strategies, communicate supplier related escalations, provide supplier segmentation and selection assistance, and support divisional programs as needed.  This role will work with key strategic suppliers to Abbott.  The position will be responsible for supporting divisions with TPM (Third Party Manufacturing) suppliers providing components, sub-assemblies, or finished devices to Abbott divisions and will contribute to strategic objectives across divisions.  The Specialist has delegated authority to commit company funds while contributing cost savings initiatives between suppliers and internal customers.

Core Job Responsibilities:

  • Supports strategy development, cost savings initiatives, development of procurement tools and data, and supplier interactions.
  • Assist with data gathering and analyses necessary for supplier selection, category strategy, supplier segmentation, and supplier negotiations.
  • Escalate divisional supply issues related to suppliers within supported category.  Analyzes possible solutions to supplier issues using knowledge of supplier capability, supplier performance, and internal customer needs. Communicates pertinent information to global procurement, internal customers, and suppliers to keep apprised and to prevent problems.
  • As necessary, support divisions with resolution on issues contributing to non-standard work, including: invoicing issues, supplier delivery performance, quality events, etc.
  • Execute against category strategies with guidance from strategic category leaders.
  • Educate divisions on existing and potential solutions through procurement forums and sharing of global category strategies, tools, and data.
  • Serve as representative on project teams representing the needs of the assigned categories and assure projects adhere to global category strategy.
  • As necessary, support divisions with multi-division supply agreements, and supplier negotiations
  • Create and execute RFIs, RFPs and RFQs
    • Request for Information (RFI) - Request for information from suppliers related to capabilities, capacity, sustainability initiates, global footprint, etc. for development of strategies.
    • Request for Proposal (RFP) - Request to suppliers to provide a solution to a problem or project.  Examples: development/co-development of a component or product or automation of a process.
    • Request for Quote (RFQ) - Request to suppliers to provide cost to produce a component, assembly, device which has been specified/designed by Abbott.
  • Drive savings outcomes

Strategic Thinking:

  • Proactively seek innovative ways to improve the procurement processes, supplier selection, supplier segmentation, expansion of diversity suppliers, and support to sustainability initiatives.
  • Full understanding of the "One Procurement" strategies.  Develop strong knowledge and project work across multiple categories that impact the team positively.
  • Works within defined processes and procedures and may help determine appropriate approaches for change.

Relationship Management:

  • Build rapport with suppliers within supported categories and support development of supplier relationship management (SRM) objectives.
  • Seek and support business relationships with diverse suppliers.
  • Meet regularly with divisional customers and support functions to ensure connectivity, alignment and continuous improvement.
  • Exhibit cultural awareness with foreign business entities.
  • Seek, develop, and maintain business relationships with suppliers and division stakeholders.
  • Be a key contributor to projects as assigned.
  • Thinks proactively about issues before they may arise and makes peers and leadership aware of risks/issues.

Compliance:

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

Accountability:

  • Strong sense of urgency to resolve issues and support needs of the business.
  • Executes against the goals set by the Category Leads/Managers.

Experience Level

Entry-level (0-5 years)

Education Required

Bachelor’s Degree: Engineering, Science, Business, or Financial Degrees. 

Required Experience

Minimum Education:

  • Bachelor’s Degree: Engineering, Science, Business, or Financial Degrees. 
  • 2-4 years of procurement, supply chain, or engineering experience.

Preferred Skills:

  • TPM knowledge/ Med device knowledge is preferred.
  • Functional experience.
  • Strong people skills                            
  • Strong problem-solving skills          
  • Skilled in spreadsheet programs
  • Good communication skills (written and verbal)
  • Good interdisciplinary, intercultural, influence, and networking skills

WHAT WE OFFER 

At Abbott, you can have a good job that can grow into a great career. We offer: 

  • Training and career development, with onboarding programs for new employees and tuition assistance  
  • Financial security through competitive compensation, incentives and retirement plans  
  • Health care and well-being programs including medical, dental, vision, wellness and occupational health programs .
  • Paid time off  
  • 401(k) retirement savings with a generous company match 
  • The stability of a company with a record of strong financial performance and history of being actively involved in local communities.  

Learn more about our benefits that add real value to your life to help you live fully:  www.abbottbenefits.com  

Follow your career aspirations to Abbott for diverse opportunities with a company that provides the growth and strength to build your future. 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. 

* 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

Security Clearance Required

No

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