ABBOTT LABORATORIES CATEGORY MANAGER Salary in the United States

How much does a CATEGORY MANAGER make at companies like ABBOTT LABORATORIES in the United States? The average salary for CATEGORY MANAGER at companies like ABBOTT LABORATORIES in the United States is $133,817 as of January 26, 2024, but the range typically falls between $115,912 and $151,722. 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 CATEGORY MANAGER 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.

Primary Job Function:

Responsible for leading and executing the purchasing supply management activities for all categories and sub categories. Works closely with key stakeholders in both Corporate and Division organizations to develop effective cost reduction strategies and implementation plans. Nurtures stakeholder relationships by serving as a business partner; helping to identify critical business requirements and providing sourcing and procurement services that meet expectations. Drives reduced total cost of ownership by optimizing Tier 2 and Tier 3 supply chains. Leverages extensive market and supplier knowledge to drive lower TCO. Represents Abbott strategically in the industry and community. Is recognized as a thought leader within strategic discipline. Significantly influences functional strategy. Leads initiatives. Proactively identifies areas of opportunity for new business opportunities; process improvement; and cost efficiency. Provides insight to the business unit on how to best develop and leverage Supplier capabilities for the organization(s). Considered an SME across categories. Strong understanding of "One Procurement" category strategies. Works on projects that impact the "One Procurement" team.

Core Job Responsibilities:

Responsible for implementing and maintaining the effectiveness of the quality system. Develops plans and delivers results in fast changing businesses environments. Develops and implements procurement plans and strategies to support business needs. Leads projects/initiatives that have significant impact upon global business. Anticipates internal/external business challenges and drives change. Leads project teams to achieve milestones and objectives. Solves complex problems; takes a broad perspective to identify solutions. Manage PO approvals - up to $2; 000; 000. Educates on existing solutions and enables performance and technical tools development. Develops supplier KPI's and management. Drives value and savings for categories. Collaborates with matrix functional organizations. Leverages professional expertise and relationships to contribute to strategy and drive business results. Leads the development of functional strategy.

Leads change and innovation. Stimulates creativity and innovation in others. Open to new ideas. Supports change and takes risks. Promotes a Global Perspective. Defines category procurement strategy for Abbott. Aligns with overall strategy. Drives Total Cost of Ownership reductions for category. Clearly defines category taxonomy and manages baseline. Coordinates across corporate functions/ divisions to share best practices and adherence to guidelines. Understands the overall needs of multiple business units. Negotiates an accepted portfolio meeting the most strategic needs of the category. Measures and tracks internal performance for Abbott users. Advises business unit(s) about similar strategies employed by other healthcare companies. Manages initiatives that span virtual teams across the world and across cultures. Partner with business leaders (Manager; Director) to manage and align the category. Closely collaborate with adjacent business departments; and external partners to ensure adequate and timely delivery of agreed services in line with agreed service levels. Partner and collaborate with key One Procurement staff of other Abbott divisions in order to support cross divisional business initiatives and explore Procurement synergies and efficiency. Build and maintain strategic relationships with key category vendors as well as counterparts at other Healthcare/Consumer companies. Manage ongoing Supplier relationships. Develops and implements agreed purchasing strategies for category. Initiates a collaborative environment among stakeholders. Maintains strong relationships across various functions; demonstrates the value-add of leveraging and builds enthusiasm and support for adoption. Ensure optimal balance between value for money and cost savings is achieved while ensuring quality and good customer service. Continually look for opportunities for cost reductions and cost avoidance and to provide overall value. Manages category projects across business unit and division wide when and where applicable. Participates in business projects based on category expertise. Leads project teams responsible for selection of category strategy. Responsible for people leadership. Recruits; mentors; trains and develops talent. Identifies and deals with people issues in a constructive and timely manner. Responsible for overall morale of team and promotes cohesive attitude. Executes against established staffing/resources plan. Responsible for compliance with applicable Corporate and Divisional policies and procedures.

Position Accountability / Scope:

Operates with goals set by the DVP/Senior Director of Category. Erroneous decisions would normally result in failure to complete projects critical to major objectives of the category. Has direct impact on budgets; expenses and major project completion. Key Organizational Relationships: Corporate head of Procurement; Manufacturing Head of Divisions; Functional Heads such as head of IT; head of Legal; Division Purchasing leadership; Division commercial and operations stakeholders; Core and Lead Agents. Manages virtual team and project staff up to 5-10 people. Directly manages all Specialist roles. Financial implications of the Spend ranging up to $ 50-75 Million. Cumulative Category budgets ranging up to $1-2 Million. Spend: $25-50 Million. Suppliers: 250-500. Connection within business: 1-5. Span of control: global.

Minimum Education:

** Bachelors Degree (Supply Chain/Logistics/Eng preferred) or equivalent experience required: MBA preferred.

** Successful; 3+ year track record within procurement and supply chain management.

** Certified Professional in Supply Management (CPSM);

** Certified Purchasing Manager (CPM) or similar certification desirable.

** Project Management Professional (PMP) or similar certification desirable.

Minimum Experience / Training Required:

** Negotiations

** Contract development/management

** Category strategy development

** 5-8+ years of Procurement and /or deep Category experience.

** Some functional experience.

** Strong project management skills.

** Robust people skills that include developing strong relationships and solving problems.

** Strong use of spreadsheet programs.

** Excellent communication skills (written and verbal).

** Excellent interdisciplinary, intercultural, influence, and networking skills. International experience.

** Some knowledge of markets by regions.

** Some experience with Supplier management.

** Ability to develop actionable implementation plans.

** Relevant business process knowledge, as related to Procurement and Category Management.

** Knowledge of category technologies and products.

** Negotiating skills.

** Experience leading teams.

NO RELOCATION ASSISTANCE IS AVAILABLE FOR THIS POSITION.

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$115,912 Low Average $133,817 High $151,722

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

Average Total Cash Compensation

Includes base and annual incentives

$115,912
$151,722
$133,817
The chart shows total cash compensation for the ABBOTT LABORATORIES CATEGORY MANAGER in the United States, which includes base, and annual incentives can vary anywhere from $115,912 to $151,722 with an average total cash compensation of $133,817. 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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