ABBOTT LABORATORIES Procurement Analyst Salary in the United States

How much does a Procurement Analyst make at companies like ABBOTT LABORATORIES in the United States? The average salary for Procurement Analyst at companies like ABBOTT LABORATORIES in the United States is $91,094 as of November 27, 2023, but the range typically falls between $72,677 and $109,511. 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, helps you determine your exact pay target.  View the Cost of Living in Major Cities2


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What does a Procurement Analyst 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.

Internal Job Title: Sr. Specialist - Procurement

Location: Lake Forest, IL

Job Description

Responsible for executing against the purchasing and supply management strategies created by the Category Managers. Work intimately with customers, divisions and the Category managers driving the "One Abbott Procurement" model. Provide superior levels of customer service and satisfaction while adhering to a strict standard of business ethics and integrity. The Sr. Specialist has delegated authority to commit company funds. This position will work on the definition and resolution of known or anticipated problems in value, quality, feasibility and specifications in the procurement of goods and services while contributing cost savings, partnerships with suppliers and other value-added activities to support customer needs and expectations. Proactively seek and lead innovative ways to improve the procurement processes, cycle times, and customer service levels. Considered an SME across categories. Strong understanding of "One Procurement" category strategies and work on projects that impact the "One Procurement" team. Is recognized as an expert within own area. Requires specialized depth and/or breadth of expertise. Act as a lead, coordinating work but may not be a supervisor.

  • First line responder, pivots between strategy and operations. Acts as a resource for colleagues with less experience.
  • Execute against larger category strategies and work in the guidance of strategic category leaders.
  • Researches and evaluates products and suppliers. Performs value analysis on costs and supplier quotes.
  • Recommends process improvements to streamline for efficiencies.
  • Analyzes complex problems and delivers solutions.
  • Support PO conversion - non-transactional and decisive negotiations.
  • Educate on existing solutions and enable performance and tech tools development.
  • Support Ops issues and invoice error resolution.
  • Solves complex problems.
  • PO change management and evaluate the cause for change. Enable supplier integration and KPI's.
  • Drive value and lead savings outcomes.
  • Collaboration with functions.
  • Develops bids and proposal formats. Lead complex RFPs as well as lead small projects.
  • Provides advice/direction in primary areas of expertise.
  • Communicate and educate appropriate departments to provide appropriate supporting documentation for purchases.
  • Develop and leads agreed purchasing strategies for category.
  • Seek, develop and establish business relationships with diverse suppliers. Meet regularly with divisional customers and lead functions to ensure superior customer satisfaction and continuous improvement for efficiencies.
  • Executes against the goals set by the Category Leads /Managers/Directors.
  • Drive innovative ways to maintain and improve procurement processes, cycle times, total acquisition costs, and customer service levels.
  • Travel: 0 - 10%


Bachelor’s Degree (± 16 years); Engineering, Science, Business, or Finance, or an equivalent combination of education and work experience


Minimum 4 years:

  • Procurement and Functional experience.
  • Project management skills.
  • Excellent people skills,
  • Excellent problem-solving skills.
  • Proficient in the use of spreadsheet programs.
  • Strong communication skills (written and verbal).
  • Strong interdisciplinary, intercultural, influence, and networking skills.
  • CPM certification desired.  
  • Above procurement work experience out of Fortune 500 medical device or similar healthcare industry corporations. Will consider relevant experience from other regulated industries, e.g. Defense, Automotive, Aviation, etc.
  • SAP experience (e.g. ProcurePay)
  • Excel experience with any: financial models, pricing, comparative analysis of proposals from other companies, pivot tables, etc.
Check out Procurement Analyst jobs in Ashburn, Virginia

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$72,677 Low Average $91,094 High $109,511

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

Average Total Cash Compensation

Includes base and annual incentives

The chart shows total cash compensation for the ABBOTT LABORATORIES Procurement Analyst in the United States, which includes base, and annual incentives can vary anywhere from $72,677 to $109,511 with an average total cash compensation of $91,094. 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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