Category Manager Procurement

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 strategic suppliers to ensure procurement of high quality materials, optimized procurement cost and timely deliveries.
• Negotiate with vendors for high value contracts and guide the team in negotiation required to ensure high quality procurement at optimum cost and as per Abbott norms and standards.
• Drive vendor management practices such as vendor classification (for e.g. strategic vs. transactional), vendor performance measurement and feedback, vendor rewards and recognition etc. to ensure uninterrupted supply of material/services. Tracking and Control
• Prepare and monitor the budget and ensure maximize positive 'Procurement Price Variance' to manage spend for raw material procurement across EPD.
• Drive compliance to local and global Abbot purchasing policies, Corporate Purchase Policies and Code of Conduct to ensure zero critical observations.
• Facilitate resolution of audit queries and drive CAPA planning and closure against audit observations by driving the team to provide necessary support to ensure statutory and Abbott process compliance. Data Management
• Customize procurement process framework and policies as per region, by periodic review/ updates/ additions of SOPs to continuously improve service levels and ensure compliance. Stakeholder Management
• Set and manage of expectations with stakeholders (Commercial, Planning, Finance, TPMs, Tech Ops, Science & Technology, Regulatory, Quality etc.) w.r.t Procurement SLAs, PPVs, product certification, strategic vendor actions, sourcing strategies, vendor quality adherence etc.
• Work closely with key (strategic) stakeholders in Division organizations to develop effective cost reduction strategies and implementation plans. Nurture stakeholder relationships by serving as a business partner, helping identify critical business requirements and providing sourcing and procurement services that meet expectations. Cost Optimization
• Monitor cost optimization initiatives such as alternate vendor development, inhouse vs. outsourcing evaluation, vendor rationalization, bulk purchases, contractual commitments, strategic vendor partnerships, payment terms evaluation, joint cost reduction exercises to ensure meeting annual procurement cost optimization targets. Problem Solving
• Leverage knowledge, people networks inside and outside the company, out of the box thinking to resolve problems impacting Business Delivery and Continuity (e.g. delay in receipt of material, urgent material requirements, regulatory challenges etc. pertaining to procurement or commercial expectations) Team Management
• Develop a high-performance team by continuous monitoring and provision of guidance to develop an efficient Strategic procurement function.
• Identify improvement areas and conduct/drive initiatives for training sessions to upskill people to ensure functional knowledge of procurement process is imbibed. Continuous Improvement
• Analyze parameters (for e.g. spend analytics) across every aspect from 'Procure to Pay', analyze and benchmark against best-in-class organizations to ensure process gaps are identified and mitigated. Minimum Education:
• Bachelor's degree and/or comparable educational background required. Graduate degree or professional certification is preferred (MBA, CPA, etc.) Minimum Experience/Training Required: Experience :
• 10
• 15 years of deep global supply chain and procurement experience
• Expert knowledge procurement and market dynamics
• Management experience (team and project management) preferably in the pharmaceutical industry
• Experience in managing large distribution and transportation budgets Strong proficiency in Microsoft Word and Excel, with high-level working knowledge of SAP R/3
• Contractual experience (Third Party Manufacturing, Contract Manufacturing, Procurement, Distribution).
• Good understanding of International Supply Chain/Operations processes Languages:
• Profic