New Product Design Procurement Engineer

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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 109,000 colleagues serve people in more than 160 countries.

The New Product Design Procurement Engineer is r esponsible for leading and executing the procurement engineering activities for assigned electronics categories and sub categories. Work closely with key stakeholders in both Corporate and Division organizations to develop effective cost reduction strategies and New Product Implementation (NPI). Nurture stakeholder relationships by serving as a business partner, helping identify critical business requirements and providing sourcing and procurement services that meet expectations. Drive reduced total cost of ownership by standardizing electronic component specifications and optimizing Tier 2 and Tier 3 supply chains. Leverage extensive market and supplier knowledge to drive lower TCO. Represent Abbott strategically in the industry and community. Is recognized as a thought leader within strategic discipline. Significantly influences functional strategy. Leads initiatives.

WHAT YOU'LL DO
  • Proactively identifies areas of opportunity for new business opportunities, process improvement, and cost efficiencies.
  • Provides insight to the business unit on how to best develop and leverage Component manufacturers capabilities for the organization(s).
  • Considered an SME across electronic component categories.
  • Strong understanding of "One Procurement" category strategies and work on projects that impact the "One Procurement" team.

Core Responsibilities:
  • Develops plans and delivers results in fast changing businesses environments.
  • Develops and implements procurement plans and strategies to support business needs
  • Lead projects/initiatives that have significant impact upon global business.
  • Provide technical support for electronic component life cycle management and improvements
  • Partner with R&D to develop Design for Cost and Design to Value models for new components and/or high-level assemblies
  • Perform complex tear down analysis and competitive benchmarking of diagnostics and medical devices class I, II and III, and provide comparative assessment and improvement opportunities
  • Anticipates internal/external business challenges and drives change
  • Solves complex problems, takes a broad perspective to identify solutions
  • Educate on existing solutions and enable performance and tech tools development
  • Develop supplier KPI's and management
  • Drive value and savings for categories
  • Collaboration with functions

Strategic Thinking:
  • Leveraging professional expertise and relationships to contribute to strategy and drive business results. Leads the development of functional strategy.
  • Leads change and innovation. Stimulates creativity and innovation in others. Open to new ideas. Supports change and take risks. Promotes a Global Perspective.
  • Support electronic component category procurement strategy for Abbott- align with overall strategy and be an enabler
  • Drive Total Cost of Ownership reductions for category. Clearly define category taxonomy and manage baseline
  • Advise business unit(s) about similar strategies employed by other healthcare companies.
  • Manage initiatives that span virtual teams across the world and cross cultures.

Relationship Management:
  • Partner with business leaders (Manager, Director) to manage and align the category. Closely collaborate with adjacent business departments, and external partners to ensure adequate and timely delivery of agreed services, in line with agreed service levels.
  • Partner and collaborate with key One Procurement staff of other Abbott divisions in order to support cross divisional business initiatives and explore Procurement synergies and efficiencies.
  • Build and maintain strategic relationships with key category vendors as well as counterparts at other Healthcare/Consumer companies. Manage ongoing Supplier relationships.
  • Develop and implement agreed purchasing strategies for category
  • Initiate a collaborative environment among stakeholders
  • Maintain strong relationships across various functions, demonstrate the value-add of leveraging and build enthusiasm and support for adoption.
  • Ensure optimal balance between value for money and cost savings is achieved, while ensuring quality and good customer service
  • Continually look for opportunities for cost reductions and cost avoidance and to provide overall value.
  • Manage category projects across business unit, and division wide when and where applicable. Participate in business projects based on category expertise.

Leading People:
  • Lead project teams responsible for selection of category strategy.
  • Identifies and deals with people issues in a constructive and timely manner.
  • Responsible for overall morale of team and promotes cohesive attitude.

Compliance
  • Responsible for compliance with applicable Corporate and Divisional policies and procedures.

Key Organizational Relationships:
  • Corporate head of Procurement
  • Manufacturing Head of Divisions
  • Functional Heads ex: Engineering, Quality, Legal, etc.
  • Division Purchasing leadership
  • Division commercial and operations stakeholders


EDUCATION AND EXPERIENCE YOU'LL BRING

Required

Minimum Education:

  • BS (Electronics or Electrical Engineering) or equivalent experience required: MBA preferred
  • Successful 4+ year track record within procurement and supply chain management
  • Certified Professional in Supply Management (CPSM), Certified Purchasing Manager (CPM) or similar certification desirable
  • Master's degree in Engineering, Supply Chain Management, Operations or a related field is desirable
  • Project Management Professional (PMP) or similar certification desirable


Minimum Education/Training Required:

  • 5-8 years of deep Technical and /or Procurement Engineering experience. Some functional experience.
  • Strong project management skills.
  • Robust people skills that include developing strong relationships and solving problems. Strong use of spreadsheet programs.
  • Excellent communication skills (written and verbal)
  • Excellent interdisciplinary, intercultural, influence, and networking skills
  • International experience
  • Some knowledge of markets by regions
  • Some experience with Supplier management
  • Ability to develop actionable implementation plans
  • Relevant business process knowledge, as related to Procurement and Category Management.
  • Knowledge of category technologies and products.
  • Good negotiating skills
  • Some experience leading teams


WHAT WE OFFER

At Abbott, you can have a good job that can grow into a great career. We offer:
  • Training and career development, with onboarding programs for new employees and tuition assistance
  • Financial security through competitive compensation, incentives and retirement plans
  • Health care and well-being programs including medical, dental, vision, wellness and occupational health programs
  • Paid time off
  • 401(k) retirement savings with a generous company match
  • The stability of a company with a record of strong financial performance and history of being actively involved in local communities


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