JOB DESCRIPTION:
About Abbott
At Abbott, we believe people live their fullest lives when they are healthy — physically, emotionally, and socially. As a global healthcare leader with over 107,000 colleagues in 160+ countries , we create lifechanging technologies that support health at every stage of life.
Within our Branded Generics business , we make trusted, high quality medicines accessible to more than 18 million people every day , particularly in fast growing regions such as LATAM, APAC, India, and Emerging Markets. Our diverse portfolio spans critical therapeutic areas including Women’s Health, Gastroenterology, Cardiometabolic, CNS & Pain, and Respiratory — addressing real, unmet patient needs worldwide.
Abbott is a place where science, purpose, and people come together — and where diverse perspectives are essential to building better outcomes for patients.
Primary Job Function:
Responsible for Procurement, contracts, Negotiations, Supplier Relationship Management of all direct materials (API, Excipients) from EU.
Lead and guide the team of procurement managers for developing category strategy, negotiating with vendors etc. to ensure that the strategic procurement objectives of PTO are met consistently.
Managing a spend multimillion spend and over 100 global suppliers.
Develop, Implement and Sustain the Procurement Management Strategy to fulfil growth as per LRP.
Develop, drive supply market insight capability within the PTO to increase knowledge of supply market dynamics, composition, trends and gain a comprehensive understanding of the market landscape and business models from a macro and micro economic perspective covering Procurement.
Monitor supply market dynamics across peer organizations also for benchmarking purposes.
Use business insights to leverage opportunities. Ensure an effective communication process within PTO helping to create an informational advantage supporting strategic decision making.
Responsible / Ownership for developing and implementing global supplier relationship strategies leveraging the informational advantage coming from the knowledge of supply market landscape and dynamics. Initiate, design and support to deliver specific strategic projects and initiatives considering all relevant financial, operational, qualitative and regulatory aspects.
Stakeholder management leading up to DVP levels to get support and resources to enable execution for the category strategy.
Ensure that impacts to operations driven by regulatory requirements are minimized and/or leveraged for competitive advantage
Facilitate, communicate, lead the global supplier landscape design, implementation, optimization and integration of the flow of materials and the related financials.
Drive annual performance improvements via strategy work and applicable metrics.
Build up and maintain supplier relationship experience roadmap and ensure that processes meet and reflect EPD overall expectations.
Focus on achieving LRP PTO related savings
Leads in analysing of all Supplier Cost within EPD PTO in relation to global supplies.
Recruit, mentor, train and develop relevant team members.
Core Job Responsibilities:
Strategic Orientation
Forecast price trends, industry trends of all key materials (API, Excipients). Conduct predictive analysis and help devise long term and short-term procurement strategy (including e-procurement) in alignment with the larger EPD strategy to proactively support revenue and division margin growth (market beating growth), evolve a cost-efficient procurement function.
Facilitate identification of supply chain risks associated with cost, supply, quality etc. by analysis of market trends, regulatory changes etc. to ensure consistency with the Business Continuity Plan.
Understands and contributes to the business unit strategy, based on the specific business and technology expertise, and translates business strategy for category.
Vendor Management
Responsible / ownership of strategic relationships with…