ABBOTT LABORATORIES Sourcing Manager Salary in the United States

How much does a Sourcing Manager make at companies like ABBOTT LABORATORIES in the United States? The average salary for Sourcing Manager at companies like ABBOTT LABORATORIES in the United States is $131,186 as of April 24, 2024, but the range typically falls between $111,132 and $151,240. 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 Sourcing 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.

Job Description

Summary:

We are seeking a skilled, high caliber and ambitious Strategic Procurement Specialist to join our team at Abbott Medical Devices. This position will be responsible for a combination of initiatives that will support the electronics and mechanical category management teams and deliver greater value to our organization, including but not limited to sourcing optimization, spend analytics, hedging programs and serving as a central point of key business processes and ad hoc reporting.

The ideal candidate will be high potential and have the capability and people leadership skills to grow towards future Supply Chain Leadership roles in the business. This role will have solid visibility and exposure to Senior Leaders across the CRM Division, and expectations will be high.

Impact this role will have on Abbott:

  • First line responder; pivots between strategy, operations and transactional sourcing.
  • Executes against category strategies and work in the guidance of strategic category leaders. For example, while leveraging data/facts, engaging with the category leaders to execute strategies that will to reduce sourcing risks and/or deliver greater value to Abbott.
  • Centrally own and drive continuous improvement initiatives for the Division Procurement team, including but not limited to enhancements to the Supplier Business Review process and other supplier performance monitoring tools, spend analytics, PPV & projects tracking, roadmaps, standard work tools, etc.
  • Leading initiatives to improve business insight processes, including working with key stakeholders to develop and enhance forward-looking spend analytics, collaborating with category managers to maintaining visibility to identified key business cost drivers, etc.
  • Leads and executes assigned projects to assure all procurement activities are performed as required, including but not limited to ad hoc reporting, SOWs/RFI's/Ordering documents, etc., assisting with supplier selection, etc.
  • Supports all company initiatives as identified by management and in support of Quality Management Systems (QMS), Environmental Management Systems (EMS), and other regulatory requirements.
  • Complies with U.S. Food and Drug Administration (FDA) regulations, other regulatory requirements, Company policies, operating procedures, processes, and task assignments.
  • Maintains positive and cooperative communications and collaboration with all levels of employees, customers, contractors, and vendors.

Your experience(s), education and knowledge will further expand Abbott’s marketplace success:

  • Bachelors Degree: Engineering, Science, Business, Financial or equivalent experience.
  • CPM certification desired
  • 6-10 years of procurement and functional experience
  • 1+ years working in regulated environment highly preferred
  • Prior experience in purchasing, sourcing, commodity and/or category management, plus experience with applicable software, desired
  • Strong analytical skills and a problem-solving mindset to achieve positive results
  • Creative thinking; strong ability to think outside of the box and bring alternative or innovative ideas to the table
  • Ability to work in a highly matrixed and geographically diverse business environment
  • Ability to work within a team and as an individual contributor in a fast-paced, changing environment
  • Strong verbal and written communications with ability to effectively communicate at multiple levels in the organization
  • Ability to leverage and/or engage others to accomplish projects
  • Multitasks, prioritizes and meets deadlines in timely manner
  • Strong organizational and follow-up skills, as well as attention to detail
Check out Sourcing Manager jobs in Ashburn, Virginia

Accounting Specialist

Veterans Sourcing Group - Glen Allen, VA

$111,132 Low Average $131,186 High $151,240

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

Average Total Cash Compensation

Includes base and annual incentives

$111,132
$151,240
$131,186
The chart shows total cash compensation for the ABBOTT LABORATORIES Sourcing Manager in the United States, which includes base, and annual incentives can vary anywhere from $111,132 to $151,240 with an average total cash compensation of $131,186. 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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