Procurement Manager - Third Party Manufacturing
- 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.
- Partner with Supply Planning and site leadership to support integrated business planning.
- Ensure optimal raw material availability and capacity allocation.
- Align operational plans with enterprise objectives to support business continuity and growth.
- Identify and assess supply continuity risks; implement mitigation strategies.
- Collaborate with Category Teams and TPMs to anticipate risks and develop contingency plans.
- Define and maintain strategic safety stock levels with Category, Finance, and TPM teams.
- Develop dynamic cost models to forecast and evaluate market and operational impacts.
- Ensure accuracy of TPM PPV reports and oversee reconciliation processes.
- Analyze yield loss drivers, lead improvement projects, and present insights to senior leadership.
- Establish governance and monitoring processes for prepaid inventory at TPMs.
- Lead annual pricing negotiations and headcount reviews aligned with cost objectives.
- Drive Gross Margin Improvement initiatives through TPM collaboration.
- Negotiate short- and long-term contracts to optimize total cost of ownership.
- Escalate critical commercial issues to TPM leadership for resolution.
- Maintain executive-level engagement with TPM account managers and site leadership.
- Conduct structured business reviews to drive performance, innovation, and continuous improvement.
- Partner with Supplier/TPM Quality Assurance to develop supplier scorecards and metrics.
- Support and facilitate supplier audits to ensure compliance and quality standards.
- Collaborate with Quality teams to address and resolve performance gaps.
- Participate in R&D and project governance meetings for seamless product launches.
- Manage RFQ/RFP processes with suppliers for timely and competitive bids.
- Lead initiatives to minimize Excess & Obsolescence (E&O) risk through cross-functional engagement.
- Review supplier quotes for accuracy and prepare comparison reports.
- Create purchase requisitions, manage approvals, and maintain POs through closure.
- Act as first-line responder, pivoting between strategy, operations, and transactional sourcing.
- Lead and execute assigned projects, including ad hoc reporting, SOWs, and supplier selection.
- Maintain and update supplier databases; generate reports for proactive planning.
- Provide coaching and mentoring to junior team members.
- Drive continuous improvement initiatives for procurement processes and analytics.
- Ensure compliance with QMS, EMS, GMP, FDA regulations, and company policies.
- Bachelor's Degree or equivalent combination of education and work experience
- MBA preferred
- Professional certifications in Procurement or Supply Chain such as CPSM, CIPS, CPP, CPIM, or equivalent are highly desirable.
- English proficiency required; bilingual or multilingual capability is considered a strong asset for global collaboration.
- Minimum 7 years of progressive experience in Procurement, Operations, or Supply Chain, with a proven track record of delivering strategic outcomes.
- Prior experience in purchasing, sourcing, commodity management, and/or category management is highly valued.
- Hands-on expertise with MRP/ERP systems (SAP, Ariba), advanced data analytics tools, and data visualization platforms will be an added advantage.
- Strong proficiency in advanced MS Excel for financial modeling.
- Ability to assess cost drivers and their impact on Abbott and Third-Party Manufacturers.
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