Procurement Specialist

Abbott Laboratories • Alameda, CA

5d • $81,500 - $141,300 • Onsite

About The Position

The Procurement Specialist supports the procurement team by handling day-to-day purchasing activities, coordinating program activities, and performing 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.

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 contribute 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.
• Strong 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 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 manage them through maintenance, closure, and invoice payment.
• Lead and execute assigned procurement projects, including ad hoc 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 items such as rejected components and corrective actions, returns, and debit memos, as applicable.
• Maintain and enhance relationships with user departments to improve the supply chain and reduce lead times, inventory, and material liabilities.
• Prepare detailed periodic and ad hoc reports.
• Own financial cost reporting and support senior management and stakeholders in understanding 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 supporting significant 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 and applicable Quality Management Systems, Environmental Management Systems, Good Manufacturing Practices, FDA regulations, corporate and division policies, procedures, processes, and other regulatory requirements.
• Ensure communications, actions, interactions, and behavior 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 through 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