Procurement Specialist

Abbott • Alameda, CA

12d • $81,500 - $141,300 • Onsite

About The Position

The Procurement Specialist supports Abbott Diabetes Care’s procurement team by handling 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 its sourcing and financial objectives.

The position is based at Abbott Diabetes Care in Alameda, California, and is onsite Monday through Friday. The role supports procurement and cost reporting activities while maintaining compliance with company initiatives, quality and environmental management systems, good manufacturing practices, FDA regulations, and applicable corporate and division policies and procedures.

Requirements

• Bachelor’s degree in Business, Supply Chain, Engineering, Science, Finance, or a related field.
• 0–2 years of procurement or functional experience.
• Able to work under pressure and meet tight timelines.
• Strong analytical skills and a problem-solving mindset.
• Creative thinking and ability to offer 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 grasp and analyze complex issues and resolve them effectively.
• Good attention to detail and high standards of accuracy.

Nice To Haves

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

Responsibilities

• Review supplier quotes for accuracy and prepare comparison reports covering 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 projects to ensure required procurement activities are completed, including reporting, SOWs, RFIs, ordering documents, and supplier-selection support.
• Work with inventory and warehouse management to resolve issues.
• Lead special projects to reduce costs and increase efficiency.
• Process, as applicable, rejected components and corrective actions, returns, and debit memos.
• Maintain and improve relationships with user departments to implement supply-chain improvements that reduce lead times, inventory, and material liabilities.
• Prepare periodic and ad hoc detailed reports.
• Own financial cost reporting and support senior management and stakeholders in understanding revenue and cost drivers.
• Quantify purchase price variances and manufacturing costs.
• Maintain accurate and timely costs and pricing in the cost-tracking system.
• Provide analyses supporting key 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 key business cost drivers.
• Maintain compliance with company initiatives, QMS, EMS, GMP, FDA regulations, corporate and division policies, procedures, processes, and other regulatory requirements.
• Ensure communications, actions, interactions, and behaviors align with ADC core values and the Abbott Code of Conduct.

Benefits

• Career development opportunities with an international company.
• Potential qualification 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, offering an affordable and convenient path to a bachelor’s degree.

What This Job Offers

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