Sourcing Manager
About the role
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. This position works out of our Plano, TX location in the Neuromodulation Division. Our Neuromodulation business includes implantable devices compatible with mobile technology to help people who suffer from chronic pain and movement disorders.
Responsibilities
The Sourcing Manager is responsible for the purchasing and supply management activities for multiple categories with focus in Mechanical, Batteries, and/or Precious Metals. They will work closely with key stakeholders in both Corporate and Division organizations to develop effective cost reduction strategies and implementation plans.
- Develop business unit sourcing strategies and translate them into actionable programs and projects.
- Influence and partner with business leaders and Corporate Procurement to develop and evolve sourcing strategies based on business priorities and market dynamics.
- Drive Total Cost of Ownership improvements across departments and with suppliers through analytics, financial acumen, market intelligence, and cost reduction initiatives while balancing quality, service, and risk.
- Advise business units on industry best practices and sourcing strategies; lead global, cross-functional initiatives across virtual teams and cultures.
- Collaborate closely with internal stakeholders to ensure timely delivery of services consistent with agreed service levels.
- Ensure contract terms and conditions align with business requirements and organizational objectives.
- Build and maintain strong relationships with suppliers and internal stakeholders to foster collaboration and achieve business goals.
- Evaluate, select, and recommend suppliers in partnership with R&D, Quality, Operations, Regulatory, and other key functions.
- Monitor supplier and market performance across regions to identify opportunities for continuous improvement, cost avoidance, and risk mitigation.
- Negotiate commercial agreements and major purchases within established authority limits.
Requirements
- Bachelor's degree or equivalent experience required.
- 3-5 years of deep Category/Commodity Management experience.
- 3-5 years of Contract experience
- Good organizational skills, including program/project management governance.
- Strong communication skills (written and verbal)
- Strong interdisciplinary, intercultural, influence, and networking skills.
- Experience with Supplier management.
- Ability to develop actionable implementation plans.
- Relevant business process knowledge, as related to Procurement and Category Management.
- Extensive knowledge of category technologies and products.
- Strong influence and negotiating skills.
- Experience leading teams - both with direct staff and indirect project teams.
Preferred Qualifications
- Medical Devices Industry Experience
- Certified Professional in Supply Management (CPSM), Certified Purchasing Manager (CPM) or similar certification desirable
- Project Management Professional (PMP) or similar certification desirable
Benefits
Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year. We also offer 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.
Pay
The base pay for this position is $99,300.00 – $198,700.00. In specific locations, the pay range may vary from the range posted.