Senior Buyer

Abbott; Plymouth (MN); On-site; USD 75,000 - 151,000; Full time

Job summary

Join a forward-thinking company as a Senior Buyer, where you will play a crucial role in vendor negotiations and purchasing strategies. This position offers the opportunity to work in a dynamic environment, supporting the Structural Heart Division with your expertise in procurement. You will be responsible for fostering long-term partnerships with suppliers, optimizing inventory management, and ensuring compliance with regulatory standards. With a commitment to employee growth and a diverse workplace, this role is perfect for someone looking to make a significant impact while enjoying comprehensive benefits and career development opportunities.

Benefits

Free medical coverage

Retirement savings plan

Tuition reimbursement

Career development opportunities

Diversity recognition

Qualifications

• 5+ years in purchasing/commodity management in regulated environments.
• Experience negotiating purchasing agreements and vendor contracts.

Responsibilities

• Negotiate long-term contracts and manage vendor relationships.
• Plan deliveries to optimize inventory and support production schedules.
• Generate reports and perform data analysis for issue resolution.

Skills

Verbal and written communication

Negotiation

Data analysis

Vendor management

Team collaboration

Education

Bachelor's Degree in Business or Supply Chain

Tools

Purchasing/commodity management software

SAP

Job description

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 114,000 colleagues serve people in more than 160 countries.

JOB DESCRIPTION:

Senior Buyer

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

This position works out of our Plymouth, MN location in the Structural Heart Division.

Structural Heart Business Mission: Why We Exist

Our business purpose is to restore health and improve quality of life by designing and providing device and management solutions for treating structural heart disease.

As the Senior Buyer, you’ll have the chance to provide support for all basic aspects of purchasing including but not limited to vendor negotiations, vendor analysis, cost reductions, utilization of the purchasing system, expedition of orders and vendor relations.

What You’ll Work On

• Negotiates long term contracts which are not managed by the commodity management teams, within established
• limitations and scope of authority to obtain the most favorable business partnerships, including but not limited to quality,
• availability and cost.
• Plans and schedules deliveries to optimize inventories in support of production schedules/business demands by working
• with forecasting data/teams, planning teams, commodity teams and shipping/receiving teams.
• Reviews purchase requisitions and confers with vendors to obtain product information such as price, availability and
• delivery schedule, reviewing quotes for accuracy and competitive strategies.
• • Implements process and procedure best practices by partnering with other functional leadership with the related product
• lines.
• Facilitates vendor corrective action and partners with SQE and suppliers to improve quality.
• Recommends pricing strategies to achieve department operating goals.
• Creates and maintains mutually beneficial long-term partnerships with suppliers to foster feedback and continuous
• improvement, usually being the single source of contact for the vendor.
• Investigates and recommends new vendors.
• Performs as purchasing subject matter expert for internal and external customers due to extensive knowledge of
• purchasing and product line operations.
• Provides coaching and mentoring to junior members of the purchasing team.
• Monitors supplier performance, communicates and takes action to maintain high levels of supplier performance.
• Maintains and updates supplier databases as required.
• Generates highly complex reports and performs data analysis to proactively plan or resolve issues.
• Works with inventory management/warehouse management to resolve issues.
• Lead special projects as requested to reduce cost, increase efficiency, etc.
• May processes some or all of the following: rejected components/corrective action, returns, debit memos, etc.
• Support 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.

Required Qualifications

• Bachelors Degree in Business, Supply Chain or related discipline OR an equivalent combination of education and work experience
• Minimum 5 years Progressively responsible experience in purchasing/commodity management.
• Minimum 3 years working in a highly regulated environment
• Working with purchasing/commodity management software
• Experience negotiating terms purchasing agreements.
• 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.
• Ability to leverage and/or engage others to accomplish projects.
• Strong verbal and written communications with ability to effectively communicate at multiple levels in the organization.
• Ability to travel approximately 10%, including internationally.

Preferred Qualifications

• Experience in medical device industry
• SAP experience
• Experience working in a broader enterprise/cross-division business unit model preferred.

Apply Now

* Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan. Free coverage applies in the next calendar year.

Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives: www.abbottbenefits.com

Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. 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.

The base pay for this position is

$75,300.00 – $150,700.00

In specific locations, the pay range may vary from the range posted.

JOB FAMILY: Category Management DIVISION: SH Structural Heart LOCATION: United States > Minnesota > Plymouth : 5050 Nathan Lane N ADDITIONAL LOCATIONS: WORK SHIFT: Standard TRAVEL: Not specified MEDICAL SURVEILLANCE: No SIGNIFICANT WORK ACTIVITIES: Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day), Keyboard use (greater or equal to 50% of the workday)Abbott is an Equal Opportunity Employer of Minorities/Women/Individuals with Disabilities/Protected Veterans.EEO is the Law link - English: http://webstorage.abbott.com/common/External/EEO_English.pdfEEO is the Law link - Espanol: http://webstorage.abbott.com/common/External/EEO_Spanish.pdf