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

This position works out of our Abbott Vascular site in Westford, MA. Our medical devices help more than 10,000 people have healthier hearts, improve quality of life for thousands of people living with chronic pain and movement disorders, and liberate more than 500,000 people with diabetes from routine fingersticks. Abbott Vascular provides innovative, minimally invasive, and cost-effective products for treatment of vascular disease. You will be responsible for setting and executing procurement strategies for goods and services required within the entity. In conjunction with supporting internal business areas and projects, identifies opportunities for cost reduction, quality and technology, develops and executes strategies to achieve them.

Responsibilities

• Implements sourcing strategies to support objectives in the area of indirect or direct commodities, providing the entity a competitive advantage in the areas of materials, supplies, and services
• 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 low to medium complexity
• Administers agreements per best practices
• Develops risk management strategies and recommends short and long terms 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 deliver, quality and price commitments
• Maintains and promotes sound relationships with suppliers and 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, other regulatory requirements, Company policies, operating procedures, processes, and task assignments
• Maintains positive and cooperative communications and collaboration with all levels of employees, customers, contractors, and vendors.

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 purchasing agreements
• Experience working in a broader enterprise/cross-division business unit model preferred
• Ability to work in a highly matrixed and geographically diverse business environment
• Ability to work within a team and as an individual contributor in a fast-paced, changing environment
• Ability to leverage and/or engage others to accomplish projects
• Strong verbal and written communications with ability to effectively communicate at multiple levels in the organization
• Multitasks, prioritizes and meets deadlines in timely manner
• Strong organizational and follow-up skills, as well as attention to detail
• Ability to travel approximately 10%, including internationally.

Benefits

• 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.