ABBOTT LABORATORIES Lead Category Procurement Salary in the United States

How much does a Lead Category Procurement make at companies like ABBOTT LABORATORIES in the United States? The average salary for Lead Category Procurement at companies like ABBOTT LABORATORIES in the United States is $71,249 as of May 01, 2023, but the range typically falls between $62,365 and $80,134. 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 Cities

About ABBOTT LABORATORIES

Browse other Companies in the MFG Durable Industry

View abbott laboratories Salary

What does a Lead Category Procurement 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.

SUMMARY:

Responsible for leading and executing the purchasing supply management activities for all Travel, Meetings and Events categories and sub categories.  Work closely with key stakeholders in both Corporate and Division organizations to develop effective cost reduction strategies and implementation plans. Leverage extensive market and supplier knowledge to drive lower TCO. Represent 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 efficiencies.
  • 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 and work on projects that impact the "One Procurement" team.

JOB RESPONSIBILITIES:

  • Develops plans and delivers results in fast changing businesses environments. 
  • Develops and implements procurement plans and strategies to support business needs
  • Lead projects/initiatives that have significant impact upon global business.
  • Anticipates internal/external business challenges and drives change
  • Lead 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
  • Educate on existing solutions and enable performance and tech tools development
  • Solves complex problems, takes a broad perspective to identify solutions
  • Develop supplier KPI's and management
  • Drive value and savings for categories
  • Collaboration with functions

STRATEGIC THINKING:

  • Leveraging 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 take risks.  Promotes a Global Perspective.
  • Define category procurement strategy for Abbott- align with overall strategy and be an enabler
  • Drive Total Cost of Ownership reductions for category. Clearly define category taxonomy and manage baseline
  • Coordinate across corporate, functions, divisions to share best practices and adherence to guidelines.
  • Understands the overall needs of multiple business units and to negotiate an accepted portfolio meeting the most strategic needs of the category.
  • Measure and track internal performance for Abbott users.
  • Advise business unit(s) about similar strategies employed by other healthcare companies.
  • Manage initiatives that span virtual teams across the world and cross cultures.

RELATIONSHIP MANAGEMENT:

  • 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 efficiencies.
  • Build and maintain strategic relationships with key category vendors as well as counterparts at other Healthcare/Consumer companies. Manage ongoing Supplier relationships.
  • Develop and implement agreed purchasing strategies for category
  • Initiate a collaborative environment among stakeholders
  • Maintain strong relationships across various functions, demonstrate the value-add of leveraging and build 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.
  • Manage category projects across business unit, and division wide when and where applicable. Participate in business projects based on category expertise.

LEADING PEOPLE:

  • Lead project teams responsible for selection of category strategy. Responsible for people leadership. Recruit, mentor, train and develop talent.
  • Identifies and deals with people issues in a constructive and timely manner. Responsible for overall morale of team and promotes cohesive attitude.
  • Execute against established staffing/resources plan.

COMPLIANCE:

  • Responsible for compliance with applicable Corporate and Divisional policies and procedures.

SCOPE/ACCOUNTABILITY:

  • 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. 

KEY ORGANIZATIONAL RELATIONSHIPS:              

  • Corporate head of Procurement                                    
  • Functional Heads ex: head of IT, head of Legal                                                              
  • Division Purchasing leadership                     
  • Division commercial and operations stakeholders                                                    
  • Core and Lead Agents

BUDGET:

  • Financial implications of the Spend ranging up to $ 50-75MM. Span of control: global            

QUALIFICATIONS:

  • BA 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
  • 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.
  • Good negotiating skills
  • Some experience leading teams
Check out Lead Category Procurement jobs in Virginia
$62,365 Low Average $71,249 High $80,134

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

Average Total Cash Compensation

Includes base and annual incentives

$62,365
$80,134
$71,249
The chart shows total cash compensation for the ABBOTT LABORATORIES Lead Category Procurement in the United States, which includes base, and annual incentives can vary anywhere from $62,365 to $80,134 with an average total cash compensation of $71,249. 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.
Job Openings for ABBOTT LABORATORIES Lead Category Procurement

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst