Procurement Specialist

Abbott • Alameda, CA

11d • Onsite

About The Position

The Procurement Specialist supports Abbott Diabetes Care’s procurement team by managing day-to-day purchasing activities, coordinating program activities, and conducting cost analyses and financial reporting. The role gathers, analyzes, and quantifies cost data and partners with cross-functional teams to help the division meet sourcing and financial objectives. The position is based at Abbott Diabetes Care in Alameda, California, and is onsite Monday through Friday.

The role covers supplier quote review and comparison, purchase requisition and purchase order administration, procurement project execution, inventory issue resolution, supplier and user-department relationships, and cost reporting and forecasting. It also supports compliance with company policies, quality and environmental management systems, good manufacturing practices, FDA regulations, and other applicable requirements. The base pay is $81,500 to $141,300, with ranges potentially varying by location.

Requirements

• Bachelor’s degree in Business, Supply Chain, Engineering, Science, Finance, or a related field.
• 0–2 years of procurement or functional experience.
• Ability to work under pressure and meet tight timelines.
• Strong analytical skills and a problem-solving mindset.
• Creative thinking and ability to propose alternative or innovative ideas.
• Ability to work in a highly matrixed and geographically diverse business environment.
• Ability to work both as part of a team and as an individual contributor in a fast-paced, changing environment.
• Strong organizational and follow-up skills.
• Ability to understand and analyze complex issues and resolve them effectively.
• Good attention to detail and high standards of accuracy.
• Ability to work onsite Monday through Friday in Alameda, California.

Nice To Haves

• Experience with database tools and data visualization.
• Strong Microsoft Excel skills.

Responsibilities

• Review supplier quotes for accuracy and prepare supplier comparison reports using factors such as price, performance, project costs, and tooling costs.
• Create purchase requisitions and internal approval forms; place purchase orders and maintain them through closure, including invoice payment.
• Lead and execute assigned procurement projects, including ad hoc reporting, statements of work, requests for information, ordering documents, and supplier selection assistance.
• Work with inventory and warehouse management to resolve issues.
• Lead special projects to reduce costs or increase efficiency.
• Process, as assigned, rejected components and corrective actions, returns, debit memos, and related activities.
• Maintain and improve relationships with user departments to reduce supply-chain lead times, inventory, and material liabilities.
• Prepare periodic and ad hoc detailed reports.
• Own financial cost reporting and help senior management and key stakeholders understand revenue and cost drivers.
• Quantify purchase price variances and manufacturing costs.
• Ensure costs and pricing in the cost-tracking system are accurate and timely.
• Provide analyses to support business changes that affect the division.
• Create cost models to estimate and project future expenses.
• Collaborate with category managers to maintain visibility into material costs and identify business cost drivers.
• Maintain compliance with company initiatives, Quality Management Systems, Environmental Management Systems, Good Manufacturing Practices, FDA regulations, and applicable corporate and divisional policies and requirements.
• Ensure communications, actions, interactions, and behavior are consistent with ADC core values and the Abbott Code of Conduct.

Benefits

• Employees may qualify for free medical coverage in the Health Investment Plan (HIP) PPO medical plan in the next calendar year.
• Retirement savings plan with a high employer contribution.
• Tuition reimbursement.
• Freedom 2 Save student debt program.
• FreeU education benefit, an affordable and convenient path to earning a bachelor’s degree.
• Career development opportunities.
• Health and wellness benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level