ABBOTT LABORATORIES Buyer Salary in the United States

How much does a Buyer make at companies like ABBOTT LABORATORIES in the United States? The average salary for Buyer at companies like ABBOTT LABORATORIES in the United States is $74,960 as of January 26, 2024, but the range typically falls between $66,069 and $83,850. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.  View the Cost of Living in Major Cities2

About ABBOTT LABORATORIES

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What does a Buyer do at companies like ABBOTT LABORATORIES?

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 103,000 colleagues serve people in more than 160 countries.

Economically and efficiently purchase materials and services with the best combination of price, quality and services related to the end user's requirements.

Major Responsibilities:

Responsible for implementing and maintaining the effectiveness of the quality system.

Responsible for site-wide purchasing functions.

Plan, perform and administer purchasing activities to assure raw materials, MRO items and services are provided in a timely manner. 

Insure all purchases meet corporate purchasing, quality and ethical guidelines.  

Strong negotiation skills required to assure that materials and services are purchased on favorable terms and cost. 

Perform ongoing analysis and cost reductions to ensure the lowest overall cost and the highest value for dollars spent.

Follows ISO and cGMP guidelines and SOPs for purchasing including material specifications, vendor performance and corrective and preventive actions.

Responsible for filing and maintenance of vendor records and purchases.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job.  They are not intended to be an exhaustive list of responsibilities, duties and skills required of personnel so classified.

Accountability / Scope:

Responsible for achieving the best value for the company and maintaining quality and delivery goals. 

Favorable terms, expected quality, and timely delivery are necessary to achieve site goals and to insure continued flow of products to our customers.  

Inventory approval levels of $50M. The candidate will be working independently and with minimum supervision, and must understand basic purchasing and material planning functions.

Qualifications:

1-3 years experience in a purchasing or other Supply Chain support role.  

Bachelor's degree is preferred.  

CPM designation with the NAPM (or similar), or a CPIM designation with APICS (or similar) are preferred. 

Background:

Must have good interpersonal skills to work with suppliers and customers in a polite and tactful, yet firm manner. 

Must have good organizational skills, experience with computerized ERP systems, and experience with word processing and spreadsheet programs. 

Must be able to work under pressure in a fast paced environment to support internal and external customers.

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$66,069 Low Average $74,960 High $83,850

Understand the total compensation opportunity for Buyer at companies like ABBOTT LABORATORIES, base salary plus other pay elements

Average Total Cash Compensation

Includes base and annual incentives

$66,069
$83,850
$74,960
The chart shows total cash compensation for the ABBOTT LABORATORIES Buyer in the United States, which includes base, and annual incentives can vary anywhere from $66,069 to $83,850 with an average total cash compensation of $74,960. Total compensation includes the value of any benefits received in addition to your salary and some of the benefits that are most commonly provided within a total compensation package including bonuses, commissions, paid time off, and Insurance. The total cash compensation may get paid differently by industry, location, and other factors.
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