Abbott Commodity Manager in Plymouth, Minnesota

At Abbott, we're committed to helping people live their best possible life through the power of health. For more than 125 years, we've brought new products and technologies to the world -- in nutrition, diagnostics, medical devices and branded generic pharmaceuticals -- that create more possibilities for more people at all stages of life. Today, 99,000 of us are working to help people live not just longer, but better, in the more than 150 countries we serve.

We are seeking an experienced, high caliber Commodity Manager. This position will be responsible for the strategic management of machined components.

Impact this role will have on Abbott:

  • Implements sourcing strategies to support objectives in the area of direct material commodities, providing the entity a competitive advantage in the areas of materials, supplies, and services

  • Locates, analyzes and develops a consolidated supplier base to meet current and future commodity needs

  • Directs the negotiation and management of contracts/agreements for assigned commodities with medium to high risk and medium to high complexity

  • Provides guidance and overall direction to the purchasing/commodity team regarding contract management, agreements, policy development, art of negotiation and other supply chain activities in the spirit of providing mentoring and coaching to develop the teams knowledge, skills and abilities

  • Develops risk management strategies and recommends short and long terms strategies with defined risk/benefit strategies

  • Develops alternate sources to ensure a steady flow of goods, materials, and/or services

  • Monitors supplier capability and performance to ensure maintenance of deliver, quality and price commitments

  • Maintains and promotes sound relationships with extensive network of suppliers and business community

  • Connects other team members with potential suppliers

  • Leads projects to assure all procurement activities are performed as required

  • Creates and maintains mutually beneficial long-term partnerships with suppliers to foster feedback and continuous improvement

  • Drives continuous improvements with the supplier base

  • Develops cross-functional teams to understand division-wide needs and evaluate suppliers

  • Understands, tracks, and forecasts the key cost drivers and market factors for assigned commodities

  • Compiles market condition information regarding commodities and suppliers and suggests/implements business strategy changes

  • 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

Your experience(s), education and knowledge will further expand Abbott’s marketplace success:

  • Bachelor’s degree in Business, Supply Chain or equivalent

  • 10+ years of progressively responsible experience in purchasing/commodity management

  • 3+ years working in a highly regulated environment

  • 8+ years working with purchasing/commodity mgt software

  • Strong experience in negotiating terms in purchasing agreements

  • In depth experience in contract management

  • 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

  • Multitasks, prioritizes and meets deadlines in timely manner

  • Strong organizational and follow-up skills, as well as attention to detail

  • Ability to travel approximately up to 20%, including internationally

An Equal Opportunity Employer

Abbot 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