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Sr. Buyer

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.Working at AbbottAt Abbott, you can do work that matters, grow, and learn, care for yourself and 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 high employer contribution- Tuition reimbursement, the Freedom 2 Save (https://www.abbott.com/corpnewsroom/strategy-and-strength/tackling-student-debt-for-our-employees.html) student debt program and FreeU (https://www.abbott.com/corpnewsroom/strategy-and-strength/college-degree-for-free-its-possible-with-freeu.html) 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 around the world 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 a best place to work for diversity, working mothers, female executives, and scientists.This position works out of our Pleasanton, CA location in the Heart Failure Division. In Abbott's Heart Failure (HF) business, we're developing solutions to diagnose, monitor and manage heart failure, allowing people to restore their health and get on with their lives. Abbott Heart Failure designs and manufactures complex, life-saving medial devices.As the Sr. Buyer , you'll be responsible for purchases of raw materials, sub-assemblies, products and services in conformance with approved purchase orders at the lowest cost consistent with considerations for quality, reliability of source and urgency of need. The senior buyer provides 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- Identify, research, evaluate and suppliers that meet the organisation's standards of price, quality, timing, and reliability of supply.- The role will evaluate complex sales and promotional campaigns to secure reduced prices.- Negotiates and manages 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.- Participates in Research and Development projects, developing and implementing action plans to support requirements bringing new products expeditiously to market.- 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.- 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.QualificationsRequired- Bachelor degree in Business, Supply Chain or equivalent experience.- 5+ years of progressively responsible experience in purchasing/commodity management.- 3+ years working with purchasing/commodity mgt. software.- Experience negotiating terms and 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- 2+ years working in a highly regulated environment preferredApply Now (https://www.jobs.abbott/us/en)Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives: www.abbottbenefits.com (http://www.abbottbenefits.com/pages/candidate.aspx)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 $83,600.00 - $167,200.00. In specific locations, the pay range may vary from the range posted.An Equal Opportunity EmployerAbbot welcomes and encourages diversity in our workforce.We provide reasonable accommodation to qualified individuals with disabilities.To request accommodation, please call 224-667-4913 or email corpjat@abbott.com
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What You Should Know About Sr. Buyer, Abbott

Are you ready to take your purchasing career to the next level? Join Abbott as a Senior Buyer in Dublin, CA, and play a crucial role in the healthcare sector. At Abbott, we are dedicated to helping people live fuller lives through our innovative medical devices and life-changing technologies. In your new role, you'll work closely with our Heart Failure Division, where we develop groundbreaking solutions designed to improve patient health. As a Senior Buyer, you'll manage the procurement of essential materials and services, ensuring we uphold our high standards for quality and reliability while achieving the best possible prices. Your responsibilities will include negotiating with vendors, analyzing purchases, and maintaining strong relationships to foster continuous improvement. Picture yourself finding suppliers that meet our strict criteria of value and reliability while optimizing our inventories to meet production demands. You'll have plenty of opportunities to innovate and collaborate with cross-functional teams as you support product development efforts and mentor junior team members. With your extensive purchasing expertise, you'll be at the forefront of providing effective solutions that drive our mission forward. At Abbott, we value your career growth, offering you a range of benefits like career development opportunities, tuition reimbursement programs, and health coverage. Ready to make an impact? Your journey with Abbott awaits!

Frequently Asked Questions (FAQs) for Sr. Buyer Role at Abbott
What are the key responsibilities of the Sr. Buyer at Abbott?

As a Senior Buyer at Abbott, you'll be responsible for the procurement of raw materials and services while ensuring compliance with approved purchase orders. This involves vendor negotiations, analyzing bids for cost-effectiveness, and maintaining supplier relationships to meet the highest standards of quality and reliability. You will also oversee inventory planning and participate in project development to speed up the introduction of new products.

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What qualifications are required for the Sr. Buyer position at Abbott?

To be considered for the Senior Buyer position at Abbott, you need a Bachelor’s degree in Business or Supply Chain Management and at least 5 years of progressive experience in purchasing or commodity management. Familiarity with purchasing software and strong negotiation skills are crucial. Preferred qualifications include 2+ years of experience in regulated environments, which would enhance your ability to navigate industry-specific challenges.

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How does Abbott support the professional development of a Sr. Buyer?

Abbott is committed to the professional growth of its employees, including those in the Senior Buyer role. You'll have access to career development programs and opportunities to mentor junior members of the purchasing team. Additionally, benefits like tuition reimbursement and student debt assistance further encourage your continuous learning and development within the company.

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What makes Abbott a great workplace for a Sr. Buyer?

Abbott offers a nurturing work culture that values diversity, growth, and employee well-being. As a Senior Buyer, you'll work on impactful projects that make a difference in healthcare. Abbott's recognition as a top employer, along with excellent benefits such as health coverage and retirement plans, create a fulfilling environment that supports both your professional and personal life.

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Is travel required for the Sr. Buyer position at Abbott?

Yes, the Senior Buyer position at Abbott requires occasional travel, approximately 10% of the time, including international travel. This aspect of the role helps you build relationships with global suppliers and enhances your understanding of the market, which is essential for making informed purchasing decisions.

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Common Interview Questions for Sr. Buyer
What strategies would you use to negotiate better prices with suppliers as a Senior Buyer?

To effectively negotiate better prices, I would start by analyzing current supplier performance and market trends. By presenting data-driven insights and demonstrating a strong understanding of our purchasing requirements, I can build a compelling case for seeking price reductions, while also emphasizing the long-term benefits of a sustainable vendor relationship.

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How do you prioritize your purchasing tasks in a fast-paced environment?

I prioritize tasks by assessing urgency and impact on production schedules. I use tools like forecasting data and collaboration with planning teams to ensure that critical supplies are ordered and received on time. Regular communication with vendors also helps me stay informed about any potential delays.

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Can you describe a challenging negotiation you’ve managed?

In a past role, I faced a provider who increased prices unexpectedly. I prepared by researching their competitors' pricing and current market conditions, allowing me to negotiate successfully by presenting a strong alternative option. We were able to reach a compromise that reduced costs while maintaining the quality of supplies.

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What metrics do you consider when assessing vendor performance?

I look at several metrics to evaluate vendor performance, including on-time delivery rates, quality of materials supplied, responsiveness to inquiries, and compliance with contracts. Regular performance reviews help ensure that we maintain productive relationships with our suppliers.

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How do you ensure compliance with internal purchasing policies?

I ensure compliance by staying updated with internal policies and training team members on these standards. Utilizing purchasing software also helps enforce compliance by automatically flagging any deviations from the established procedures during the procurement process.

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What role does data analysis play in your purchasing decisions?

Data analysis is crucial in my role as it helps identify trends and opportunities for cost savings. By analyzing purchasing history, supplier pricing, and inventory levels, I can make informed decisions and identify areas where negotiations can lead to better agreements.

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How do you handle conflicts with suppliers?

I approach conflicts with suppliers by maintaining open lines of communication and seeking to understand their perspective. By collaborating on solutions and addressing any issues promptly, I aim to foster a positive relationship that is beneficial for both parties.

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What is your experience with purchasing software?

I have extensive experience with various purchasing/commodity management software systems. My proficiency includes utilizing these tools for data analysis, vendor management, and procurement tracking, which streamline processes and enhance overall efficiency.

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Can you discuss your experience in a regulated environment?

In my previous role, I worked in a highly regulated industry which required strict compliance with quality standards and documentation. This experience honed my attention to detail and equipped me with the skills to navigate complex regulatory requirements in procurement.

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How do you stay informed about market trends affecting suppliers?

I stay informed by subscribing to industry publications, attending trade shows, and engaging with professional networks. Keeping up with market trends allows me to anticipate changes that may impact our supply chain and proactively address potential challenges.

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We help people live better and healthier with our life-changing technologies. We're revolutionizing health with the most personal technologies, empowering people with the data and knowledge they need to help them live longer and better.

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Full-time, on-site
DATE POSTED
December 14, 2024

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