Senior Procurement Specialist - Process improvement & Analytics

$72,700 - $145,300/Yr

Abbott Laboratories - Green Oaks, IL

Full-time - Mid Level

Green Oaks, IL

10,001+ employees

Miscellaneous Manufacturing

About the position

The Senior Procurement Specialist at Abbott is responsible for driving continuous improvement initiatives and managing key projects within the procurement function. This role leverages data analytics to enhance procurement processes and supports strategic decision-making through data-driven insights. The position requires a strategic thinker with strong analytical skills and a proven track record in project management and process optimization, working across multiple business units globally.

Responsibilities

• Support implementation and management of technology (e.g. Source to Pay), category strategies and processes.
• Develop and maintain procurement analytics to monitor performance, identify trends, and drive improvements.
• Lead continuous improvement initiatives to enhance efficiency and effectiveness within procurement and Abbott businesses in alignment with organizational goals.
• Communicate and drive change globally as a change champion within the Business Excellence organization.
• Lead resolution on issues within Source to Pay technology improvements.
• Develop and present reports and dashboards to senior management, highlighting key metrics and insights.
• Ensure compliance with procurement policies, procedures, and regulatory requirements.
• Seek innovative ways to maintain and improve procurement processes, cycle times, total acquisition costs, and customer service levels.
• Conduct regular process reviews and audits to identify areas for improvement.
• Utilize data analytics to provide insights and recommendations for optimizing procurement strategies and operations.
• Develop and maintain dashboards and reports to track key performance indicators (KPIs) and metrics.
• Conduct spend analysis, supplier performance evaluation, and market trend analysis to support decision-making.
• Support implementation and management of procurement technologies such as e-procurement systems, supplier management software, and automation tools.
• Stay updated on emerging technologies and trends in procurement and supply chain management.
• Collaborate with IT and other departments to ensure seamless integration of technology solutions.
• Collaborate with cross-functional teams to ensure alignment and integration of procurement processes.
• Seek and support business relationships with Category Managers and Business Stakeholders.
• Work with cross-functional teams for continuous improvement of the Source to Pay technology and troubleshoot issues.
• Meet regularly with stakeholders and support functions to ensure good customer satisfaction and continuous improvement.
• Exhibit cultural awareness with foreign business entities.
• Assist with change management, leading business to adopt change and embrace technology and supplier consolidations.
• Collaborate with internal stakeholders, including finance, operations, and supply chain teams, to align procurement strategies with business objectives.

Requirements

• Bachelor's degree in Business, Supply Chain Management, Data Analytics or a related field.
• 4-6 years of procurement, process improvement, project management, data analytics and/or technology integration experience.
• Source to Pay Process Experience.
• Strong data analytical skills with proficiency in data analysis tools and software (e.g., Excel, Power BI, Smartsheet).
• Excellent analytical skills with the ability to interpret complex data and provide actionable insights.
• Strong project management skills with a track record of successfully leading improvement initiatives.

Nice-to-haves

• MBA or relevant certification is a plus.
• Category Management and/or Category Strategy understanding.
• Strong expertise in SAP Ariba technology and processes.
• Ability to create PowerPoint decks and presentations.
• Functional experience in Procurement and other functions.
• Excellent communication (written and verbal) and interpersonal skills, with the ability to collaborate effectively with stakeholders at all levels.
• Excellent problem-solving skills.
• Proficiency in data visualization tools and techniques.

Benefits

• Free medical coverage for employees via the Health Investment Plan (HIP) PPO.
• An excellent retirement savings plan with high employer contribution.
• Tuition reimbursement and the Freedom 2 Save student debt program.
• FreeU education benefit - an affordable and convenient path to getting a bachelor's degree.