Procurement Specialist

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 122,000 colleagues serve people in more than 160 countries. JOB DESCRIPTION: Procurement Specialist   Working at Abbott At Abbott, you can do work that matters, grow, and learn, care for yourself and your family, be your true self, and live a full life. You’ll also have access to: • Career development with an international company where you can grow the career you dream of. • Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year. • An excellent retirement savings plan with a high employer contribution • Tuition reimbursement, the Freedom 2 Save student debt program, and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree. • A company recognized as a great place to work in dozens of countries worldwide and named one of the most admired companies in the world by Fortune. • A company that is recognized as one of the best big companies to work for as well as the best place to work for diversity, working mothers, female executives, and scientists.   The Opportunity The Procurement Specialist will support the procurement team by handling day‑to‑day purchasing activities and coordinating program activities. The role will also be responsible for cost analyses and financial reporting by gathering, analyzing, and quantifying cost data. As a key partner to cross‑functional teams, this position will help ensure the division meets its broader sourcing and financial objectives.  This position will be based out of our Abbott Diabetes Care in Alameda, CA and the individual will be expected to be onsite Monday-Friday.   What You’ll Work On     Purchasing Responsibilities may include:  • Reviews supplier quotes for accuracy and creates supplier comparison reports that include various factors such as price, performance, project costs, tooling cost, and other metrics that are needed to make key supplier decisions.  • Creates purchase requisitions and internal approval forms and ultimately places Purchase Orders (PO) and manages the PO maintenance until it is closed to include invoice payment.   • 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.  • Works with inventory management/warehouse management to resolve issues.  • Lead special projects as requested to reduce cost, increase efficiency, etc.  • May process some or all of the following: rejected components/corrective action, returns, debit memos, etc.  • Maintaining and enhancing relationships with user departments to implement improvements in the supply chain to reduce lead times, inventory and material liabilities.  • Prepare detailed reports, both periodically and ad-hoc.    Cost Responsibilities may include:  • Serve as the owner of financial cost reporting and support Senior Management and key stakeholders to gain understanding of key revenue and cost drivers.  • Provide value-added quantifications of purchase price variances and manufacturing costs.  • Ensure costs and pricing within the cost tracking system are accurate and timely.  • Provide analyses to support key business changes that impact the division.  • Create cost models to help estimate and project future expenses.  • Collaborate with category managers to maintaining visibility to materials costs and identify key business cost drivers.