Purchasing Manager

$95,000 - $190,000/Yr

Abbott Laboratories - Westford, MA

Full-time - Mid Level

Westford, MA

10,001+ employees

Miscellaneous Manufacturing

About the position

The Purchasing Manager at Abbott is responsible for setting and executing procurement strategies for goods and services within the Abbott Vascular site in Westford, MA. This role focuses on identifying opportunities for cost reduction, quality improvement, and technology enhancement while ensuring compliance with regulatory requirements. The Purchasing Manager will work closely with internal business areas and projects to develop and maintain supplier relationships, manage contracts, and support procurement activities that align with the company's objectives.

Responsibilities

• Implements sourcing strategies to support objectives in the area of indirect or direct commodities.
• Locates, analyzes, and develops a consolidated supplier base to meet current and future commodity needs.
• Negotiates and manages contracts/agreements for assigned commodities with low to medium risk and complexity.
• Administers agreements per best practices.
• Develops risk management strategies and recommends short and long-term strategies with defined risk/benefit strategies.
• Develops alternate sources to ensure a steady flow of goods, materials, and/or services.
• Maintains budget and performs analyses of costs related to labor rates, charges, time, and cost of materials.
• Monitors supplier capability and performance to ensure maintenance of delivery, quality, and price commitments.
• Maintains and promotes sound relationships with suppliers and the business community.
• Supports projects to assure all procurement activities are performed as required.
• Creates and maintains mutually beneficial long-term partnerships with suppliers to foster feedback and continuous improvement.
• Develops cross-functional teams to understand division-wide needs and evaluate suppliers.
• Understands, tracks, and forecasts the key cost drivers and market factors for assigned commodities.
• Compiles market condition information regarding commodities and suppliers and suggests/implements business strategy changes.
• Leads in the development of materials policies and procedures.
• Complies with U.S. Food and Drug Administration (FDA) regulations and other regulatory requirements.

Requirements

• Bachelor degree in Business, Supply Chain or equivalent, or an equivalent combination of education and work experience.
• Minimum 5 years progressively responsible experience in purchasing/commodity management.
• 3 years working in a highly regulated environment.
• 3 years working with purchasing/commodity management software.
• Experience negotiating terms of purchasing agreements.
• Ability to work in a highly matrixed and geographically diverse business environment.
• Strong verbal and written communications skills with the ability to effectively communicate at multiple levels in the organization.
• Ability to multitask, prioritize, and meet deadlines in a timely manner.
• Strong organizational and follow-up skills, as well as attention to detail.

Nice-to-haves

• Experience working in a broader enterprise/cross-division business unit model preferred.
• Ability to leverage and/or engage others to accomplish projects.

Benefits

• Free coverage in HIP PPO medical plan for participants who complete a short wellness assessment.
• Health and wellness benefits to support employees and their families.