ABBOTT LABORATORIES Manager, Category Procurement Salary in the United States

How much does a Manager, Category Procurement make at companies like ABBOTT LABORATORIES in the United States? The average salary for Manager, Category Procurement at companies like ABBOTT LABORATORIES in the United States is $82,310 as of June 27, 2024, but the range typically falls between $73,513 and $91,107. 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

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What does a Manager, 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.

Job Description: Responsible for the purchasing and supply management activities for all categories and sub categories. Drive "One Abbott Procurement" vision across divisions globally and influences synergies among divisions. Work closely with key stakeholders in both Corporate and Division organizations to develop effective cost reduction strategies and implementation plans. Nuture stakeholder relationships by serving as a business partner, helping identify critical business requirements and providing sourcing and procurement services that meet expectations. Drive reduced total cost of ownership by optimizing Tier 2 and Tier 3 supply chains. Leverage extensive market and supplier knowledge to drive lower TCO. Represent Abbott strategically in the industry and community. 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). Primary point of contact for overall category needs. Responsible for prioritizing demand globally across the category.

Core Responsibilities:

  • Understands and contributes to the business unit strategy, based on the specific business and technology expertise, and translates business strategy for category.
  • Stimulates creativity and innovation in others.
  • Open to new ideas. Supports change and take risks.
  • Leads change and innovation.
  • Define and champion category procurement strategy for Abbott- align with overall strategy and be an enabler.
  • Promotes a Global Perspective.
  • 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.
  • Closely collaborate with adjacent business departments, and external partners to ensure adequate and timely delivery of agreed services, in line with agreed service levels.
  • Initiate a collaborative environment among stakeholders.
  • 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.
  • Initiate a collaborative environment among stakeholders.
  • Build and maintain strategic relationships with key category vendors as well as counterparts at other Healthcare/Consumer companies.
  • Manage ongoing Supplier relationships. Implement agreed purchasing strategies for category.
  • 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.
  • Monitor market dynamics for category across regions.
  • Continually look for opportunities for cost reductions and cost avoidance.

Additional Responsibilities:

  • Manage category projects across business unit, and division wide when and where applicable. Participate in business projects based on category expertise.
  • Lead project teams responsible for selection of category strategy.
  • Responsible for people leadership. Recruit, mentor, train and develop talent. Confronts 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.
  • 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.

Strategic Thinking:

  • Understands and contributes to the business unit strategy, based on the specific business and technology expertise, and translates business strategy for category.
  • Leads change and innovation. Stimulates creativity and innovation in others. Open to new ideas. Supports change and take risks.  Promotes a Global Perspective.
  • Define and champion 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:

  • Influence and 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.
  • 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
  • Monitor market dynamics for category across regions
  • Continually look for opportunities for cost reductions and cost avoidance.
  • 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.
  • Confronts 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.


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. 
  • Has direct impact on budgets, expenses and major project completion.
  • Key Organizational Relationships:               
    • Corporate head of Procurement                                    
    • Manufacturing Head of Divisions                 
    • Functional Heads ex: head of IT, head of Legal                                                              
    • Division Purchasing leadership                    
    • Division commercial and operations stakeholders                                                
    • Core and Lead Agents

Minimum Education:

  • BA or equivalent experience required: MBA preferred    
  • Successful, 5+ 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 Education/Training Required:

  • 6-8 years of Procurement and /or deep Category experience. Some functional experience.
  • Strong project management skills.
  • Strong communication skills (written and verbal)
  • Strong 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.
  • Deep knowledge of category technologies and products.
  • Strong negotiating skills
  • Some experience leading teams
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$73,513 Low Average $82,310 High $91,107

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

Average Total Cash Compensation

Includes base and annual incentives

$73,513
$91,107
$82,310
The chart shows total cash compensation for the ABBOTT LABORATORIES Manager, Category Procurement in the United States, which includes base, and annual incentives can vary anywhere from $73,513 to $91,107 with an average total cash compensation of $82,310. 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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