Abbott

Senior Specialist Procurement

Abbott$78K — $156K *
Pharmaceuticals & Biotech
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree in Engineering, Science, Business, or Financial fields
  • 4-6 years of Procurement experience focusing on negotiation, contracting, and sourcing
  • Proficient in project management and Power BI
  • Strong communication skills, both written and verbal

Responsibilities

  • Develop and support GMI Program initiatives
  • Manage supplier negotiations and analyze costs
  • Prepare and execute competitive bidding processes
  • Lead in-person negotiations based on factual data
  • Create analytical reports to influence stakeholders
  • Assess problems and propose practical solutions
  • Ensure compliance with internal procurement policies

Benefits

  • Comprehensive health and wellness benefits for individuals and families
  • Opportunities for professional growth and development
  • Flexible work environment with locations in Lake Forest or downtown Chicago
Full Job Description

The Opportunity

We have an opportunity for a Senior Procurement Specialist in our Lake Forest, IL or downtown Chicago, IL location. This role is within our Global Procurement Services Division and focused on our Toxicology, Cardiometabolic & Informatics, and Consumer business units.

As the Senior Procurement Specialist, you will be expected to develop and support the GMI Program such as managing supplier negotiations, should cost analysis, supplier transfer projects and product value engineering projects. In addition, you will be expected to support the Supply Chain Resilience Program to develop advanced AI assisted analysis of external risks and internal resilience opportunities within all indirect and direct spend disciplines, working closely with Abbott’s Global Procurement team to drive synergies.  You will:

  • Work closely with key stakeholders in both Corporate and Division organizations to develop effective cost reduction strategies and implementation plans
  • Be accountable for building and nurturing stakeholder relationships by serving as a business partner, helping identify critical business requirements and providing sourcing and procurement services
  • Leverage market and supplier knowledge to drive lower total cost of ownership
  • Represent Abbott in the industry and community 

What You'll Work On:

  • Develop mastery of category spend; Drive value and lead savings outcomes
  • Research and evaluate business requirements and suppliers
  • Lead the procurement team in achieving Corporate Sustainability initiatives
  • Develop and execute competitive bidding processes (e.g.  RFPs, RFIs)
  • Lead in-person fact-based contract negotiations
  • Procurement approval of up to $1,000,000
  • Prepare analytical reports and dashboards to influence stakeholders without authority
  • Assess complex problems and proposes practical solutions
  • Perform value analysis on costs and supplier quotes
  • Create and manage project plans, identify resources to support projects, drive multiple projects through complex sourcing processes and ensure end results meet the requirements
  • Support completion of contracts, statement of work and standard operating procedures 
  • Ensure all procurement policies and procedures are aligned with internal stakeholders e.g. Legal, Risk Management, Supply Chain
  • Recommend process improvements to streamline for efficiencies

Required Qualifications:

  • Bachelor’s degree: Engineering, Science, Business, or Financial Degrees
  • 4-6 years of Procurement experience in negotiation, contracting and sourcing
  • Project management, Power BI, data management skills
  • Strong communication and people skills (written and verbal)

Preferred Qualifications:

  • CPM certification desired
  • Lean and/or Six Sigma Certification
  • Master’s degree

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.

     

The base pay for this position is

$78,000.00 – $156,000.00

In specific locations, the pay range may vary from the range posted.

     

JOB FAMILY:Category Management

     

DIVISION:GPS Global Purchasing Services

        

LOCATION:United States > Lake Forest : J55

     

ADDITIONAL LOCATIONS:United States > Chicago : Willis Tower Building 233 S Wacker Dr.

     

WORK SHIFT:Standard

     

TRAVEL:Not specified

     

MEDICAL SURVEILLANCE:Not Applicable

     

SIGNIFICANT WORK ACTIVITIES:Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day)

     

About Abbott

Abbott Careers

Joining Abbott means becoming part of a globally diverse team dedicated to making a lasting impact on human health. As a leader in healthcare innovation, Abbott provides a dynamic workplace where careers flourish through growth, leadership, and diversity training.

Opportunities at Abbott

Explore a world of opportunities with our team. Whether you're seeking job opportunities in engineering, marketing, research, or healthcare, Abbott offers a variety of positions that allow professionals to grow their careers. Our commitment to diversity and innovation is evident in every aspect of our work, fostering an inclusive culture that values each team member's contribution.

Work You'll Do

At Abbott, every role contributes to our mission of helping people live fuller lives through better health. From groundbreaking research in medical devices to advancements in pharmaceuticals, our team is at the forefront of healthcare innovation. By joining Abbott, you are not just accepting a job; you are embarking on a path of professional and personal growth.

Internship Programs

Kickstart your career with an Abbott internship. Our programs provide invaluable industry experience and a chance to develop essential skills in a real-world setting. Interns at Abbott work on projects that matter, gaining the experience and knowledge necessary to succeed in their future careers.

Professional Development

Abbott is dedicated to the continuous professional development of its employees. With access to cutting-edge technology, leadership programs, and diversity training, our team members are equipped to lead and innovate within the healthcare industry. We support your career journey with robust training programs, mentorship, and opportunities for networking and professional growth.

Benefits and Culture

Our employees enjoy comprehensive benefits designed to support their life and well-being. From health insurance to retirement plans, we ensure our team has everything they need to thrive. Abbott's culture is built on a foundation of respect and integrity, united by a shared commitment to improving health outcomes.

Join Our Team

Discover the impact you can make with a career at Abbott. We are hiring individuals who are passionate, curious, and driven to lead. Search open positions that match your skills and interests on our Jobs page. Prepare your resume, sharpen your interview skills, and get ready to join a team that's at the cutting edge of healthcare solutions.

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Explore Abbott

With a commitment to improving life through innovation, leadership, and diversity, Abbott is a place where you can fulfill your potential. See what exciting and rewarding opportunities await at Abbott by exploring our career opportunities today.

SEARCH ABBOTT JOBS

Join us in our mission to make the world a healthier place through innovation, leadership, and diversity. Your journey to a fulfilling career at Abbott starts here.
Learn more about Abbott
Size
113,000 employees
Market Cap
$189 billion
Industry
Net Income
$4.4 billion
Founded
1944
5 Year Trend
+15.6%
Revenue
$34.6 billion
NASDAQ

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