Sourcing Manager

Abbott • Los Angeles, CA

4d • $86,700 - $173,300 • Onsite

About The Position

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 115,000 colleagues serve people in more than 160 countries. The Sourcing Manager is responsible for defining and executing multi-year category strategy roadmap on assigned component categories to include all facets of strategic procurement, including but not limited to: value creation, cost reduction, alignment with business strategy, risk mitigation, and supplier performance. As a global leader in Cardiac Rhythm Technologies, we focus on innovative technologies that can improve the way doctors treat people with heart arrhythmias, or irregular heartbeats.

Requirements

• Bachelor’s Degree in related field or equivalent combination of education and work experience.
• Minimum 6 years of experience in purchasing/commodity management.
• Strong experience in negotiating terms in purchasing agreements.
• In depth experience in contract management.
• 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.

Responsibilities

• Implements category, negotiation, and sourcing strategies of assigned material categories in alignment with business and manufacturing short-term and long-term objectives
• Identifies, analyzes and develops the appropriate supplier base to meet current and future commodity needs, taking into consider new technologies, end of life product cycles, and site localization objectives
• Directs and executes the negotiation and management of contracts/agreements for assigned commodities with medium to high risk and medium to high complexity
• Provides guidance and support to manufacturing site(s) purchasing team for clear alignment on category strategy execution, supplier communications and messaging, supplier performance escalations, and other supply chain activities
• Develops clear risk identification and management strategies for short and long term with defined risk/benefit analysis in support of Supply Resilience initiative
• Performs analyses of costs related to labor rates, charges, time, and cost of materials
• Monitors supplier capability and performance to ensure maintenance of delivery, quality, price, and other contractual commitments
• Maintains and promotes sound relationships with extensive network of suppliers and business community. Connects other team members with potential suppliers
• Leads projects to assure all procurement activities are performed as required
• Creates and maintains mutually beneficial long-term partnerships with suppliers to foster feedback, continuous improvement, and innovation
• Develops cross-functional teams to understand and to document division-wide needs
• 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
• Responsible for the development of materials policies and procedures
• Support all Company initiatives as identified by management and in support of Quality Management Systems (QMS), Environmental Management Systems (EMS), and other regulatory requirements.
• 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.

Benefits

• Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year.
• An excellent retirement savings plan with high employer contribution
• Tuition reimbursement, the Freedom 2 Save student debt program and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree.

What This Job Offers

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