Apr 26, 2024

Procurement Specialist: Electronic Components

  • Abbott
  • Lake Bluff, IL or Chicago, IL
Full time Engineering 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 - Electronic Components will apply experience and procurement knowledge to execute the and supply management strategies created by the Category Managers.  Work with internal Abbott stake holders, and suppliers to solve issues.  Drive Gross Margin Improvement initiatives, align global strategy with division strategies, communicate supplier escalations, provide supplier segmentation, and recommend preferred suppliers to divisions.  This role will work with key strategic suppliers to Abbott.  The position will be responsible for supporting divisions with electronic components manufacturers (OEMs) providing components to Abbott divisions or TPMs and will contribute to strategic objectives of these categories. The Specialist has delegated authority to commit company funds while contributing cost savings and partnerships with suppliers and internal customers.

  • Proactively seek innovative ways to improve the procurement processes, strategy, and supplier relationship levels
  • Full understanding of the "One Procurement" strategies.  Strong knowledge and project work across electronic components category that impact the team positively.
  • Works within defined processes and procedures and may help determine appropriate approaches for change.

Core Job Responsibilities:

  • Supports strategy development, Cost savings initiatives, development of procurement tools and Supplier interactions and relationship management.
  • Manage supply constraint requests from divisions within the category. Escalate divisional supply issues related to suppliers within supported category. Analyzes possible solutions to mitigate supply constraints using supplier capability matrix, supplier performance, and internal customer needs.  Communicates pertinent information to global procurement, internal divisional stakeholders and suppliers to keep apprised and to prevent problems.
  • Support divisions in resolving issues contributing to non-standard work, including invoicing issues, supplier delivery performance, quality events, Last time buys, Lead time of components etc.
  • Develop and execute against category strategies and work in the guidance of strategic category leaders.
  • Serve as representative on project teams representing the needs of the assigned categories and assure projects adhere to category strategy.
  • Manage SOWs/RFI's/Sourcing Initiatives.
  • 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.
  • Assist with data gathering and analysis necessary for supplier selection and supplier negotiations.
  • Collaboration with internal functions to drive strategic objectives.
  • Educate on existing solutions and enable performance and development of procurement tools
  • Enable supplier integration and KPI’s.
  • Drive savings outcomes

Strategic Thinking:

  • Proactively seek innovative ways to improve the procurement processes, supplier segmentation, expansion of diversity suppliers, and support to sustainability initiatives including supplier selection that meet Abbott’s quality, delivery and cost expectations. Full understanding of the "One Procurement" strategies.  Strong knowledge and project work across multiple categories that impact the team positively.
  • Leveraging professional expertise and relationships to contribute to strategy and drive business results. Leads the development of functional strategy.
  • Leads change and innovation. Stimulates creativity and innovation in others. Open to new ideas. Supports change and take risks.  Promotes a Global Perspective.
  • Support electronic component category procurement strategy for Abbott- align with overall strategy and be an enabler.
  • Works within defined processes and procedures and may help determine appropriate approaches for change.

Relationship Management:

  • Build rapport with suppliers assigned and support development of supplier relationship management (SRM) objectives.
  • Partner and collaborate with key One Procurement staff of other Abbott divisions to support cross divisional business initiatives and explore Procurement synergies and efficiencies.
  • Seek and support business relationships with diverse suppliers.
  • Meet regularly with divisional customers and support functions to ensure connectivity, alignment, and continuous improvement.
  • Continually look for opportunities for cost reductions and cost avoidance and to provide overall value.
  • 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.
  • Seek innovative ways to maintain and improve procurement processes, and Market trends.

Experience Level

Entry-level (0-5 years)

Education Required

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

Required Experience

Minimum Education and Experience Required:

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

Preferred Skills:

  • CPM or equivalent certification
  • Knowledge of electronic components
  • Strong people skills                            
  • Strong problem-solving skills          
  • Skilled in spreadsheet programs
  • Good communication skills (written and verbal)
  • Good interdisciplinary, intercultural, influence, and networking skills

* 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

Apply Now