ABBOTT LABORATORIES Procurement Specialist Salary in the United States

How much does a Procurement Specialist make at companies like ABBOTT LABORATORIES in the United States? The average salary for Procurement Specialist at companies like ABBOTT LABORATORIES in the United States is $70,507 as of April 24, 2024, but the range typically falls between $56,236 and $84,778. 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 Procurement Specialist 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 113,000 colleagues serve people in more than 160 countries.

Abbott Rapid Diagnostics is part of Abbott’s Diagnostics family of businesses, bringing together exceptional teams of experts and industry leading technologies to support diagnostic testing which provides important information for treatment and management of diseases and other conditions.

The position of Procurement Specialist is within our Infectious Disease Developed Markets business unit located at Westbrook, Maine. In this role you will be responsible for the successful execution of purchasing duties, ensuring the timely and efficient procurement of materials and services. This position is also a key link to the site, the regional procurement organization and the global category managers.

RESPONSIBILITIES:

  • Identifies and leads process efficiency, working capital improvement, and/or savings projects with site-level material impact.
  • Represents procurement in new product introductions, creating cut-in/out plans, coordinating with suppliers, and managing the overall process.
  • Participates in the direct and indirect purchasing of materials, with daily duties including PO placement and management, master data management, and reconciliation with accounts payable.
  • Ensures the uninterrupted flow of production and research activities by obtaining and ensuring delivery of acceptable quality goods and services at the right time and at the maximum end-use value per dollar spent.
  • Responsible for evaluating and approving suppliers of raw materials, components, finished products, and services to Alere. Responsible for monitoring the Approved Supplier List (ASL) and coordinating with Supplier Quality and global category managers on additions/deletions.
  • Resolves complaints and disputes between requestors, purchasing, receiving, vendors, and any other applicable stakeholders.
  • Reviews and provides recommendations on contracts, negotiations, redlines, etc. with internal and external stakeholders.
  • Participates in data tracking, analysis, recommendation/business case development, and reporting to include scorecards, inventory management, market & supplier assessments, quote package development & analyses, and make v. buy decisions.
  • Develops business relationships with suppliers to preserve the company’s good business reputation while still obtaining competitive prices.
  • Maintains good relations with internal and external customers by ensuring professional behavior consistent with company policies and practices. Must work effectively with the end-users of products and services by processing their requirements in a timely manner and ensuring that the goods and/or services will support their needs.
  • Complies with applicable antitrust and other purchasing-related laws and regulations including Federal Acquisition Regulations for government contracts.
  • Complies with applicable corporate policies & procedures and FDA/ISO regulations pertaining to the purchasing function.
  • Demonstrates commitment to the development, implementation and effectiveness of the company’s Quality Management System per ISO, FDA, and other regulatory agencies.

BASIC QUALIFICATIONS | EDUCATION:

  • Bachelor’s Degree (BS) in Business Administration, Supply Chain, Finance, or Engineering or the equivalent combination of education and experience.
  • 2 years of experience in procurement in progressively responsible positions in a highly regulated/analytical manufacturing environment.
  • Experience with MRP/ERP software such as; SAP, Ariba, Fourth Shift and/or eProcurement.

PREFERRED QUALIFICATIONS:

  • Certification from ISM or APICS, and experience with Lean and/or Six Sigma manufacturing concepts.
  • Excel spreadsheets, pivot tables, graphs and Power Point/Power BI reporting.

COMPETENCIES:

  • Ability to identify a problem, work with the extended team to frame it, determine root cause, drive to potential solutions, and build and present a business case.
  • Strong skills with the Microsoft Office suite of programs.
  • Strong procurement skills including spend analysis, negotiations, supplier relationship management, and supply chain risk identification/mitigation. Experience managing and acting to achieve KPIs such as savings targets, inventory turns, on-time delivery, fulfillment accuracy, etc.

PERSONAL CHARACTERISTICS

  • Strong analytical skills
  • Excellent attention to detail
  • Innovative, with a strong ability to identify pain points, propose and implement solutions.
  • Effective communicator, both articulate & verbally presentable.
  • Self-starter. possesses flexibility and ability to work under pressure in a fast-changing environment and ambiguous situations.
  • Positive attitude, team player with a high level of initiative, energy and enthusiasm.
  • Ability to work with cross functional teams and drive projects across functions is essential.

WHAT WE OFFER

At Abbott, you can have a good job that can grow into a great career. We offer:

  • Training and career development, with onboarding programs for new employees and tuition assistance
  • Financial security through competitive compensation, incentives and retirement plans
  • Health care and well-being programs including medical, dental, vision, wellness and occupational health programs
  • Paid time off
  • 401(k) retirement savings with a generous company match
  • The stability of a company with a record of strong financial performance and history of being actively involved in local communities

Learn more about our benefits that add real value to your life to help you live fully: http://www.abbottbenefits.com/pages/candidate.aspx

Follow your career aspirations to Abbott for diverse opportunities with a company that provides the growth and strength to build your future. Abbott is an Equal Opportunity Employer, committed to employee diversity.

Connect with us at www.abbott.com, on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews and @AbbottGlobal.

An equal opportunity employer, Abbott welcomes and encourages diversity in our workforce.

We provide reasonable accommodation to qualified individuals with disabilities.

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$56,236 Low Average $70,507 High $84,778

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

Average Total Cash Compensation

Includes base and annual incentives

$56,236
$84,778
$70,507
The chart shows total cash compensation for the ABBOTT LABORATORIES Procurement Specialist in the United States, which includes base, and annual incentives can vary anywhere from $56,236 to $84,778 with an average total cash compensation of $70,507. 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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