Sr. Commodity Manager

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.

     

JOB DESCRIPTION:

Working at Abbott

At Abbott, you can do work that matters, grow, and learn, care for yourself and your 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 a high employer contribution.

• Tuition reimbursement, the Freedom 2 Save student debt program, and FreeU 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 worldwide 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 the best place to work for diversity, working mothers, female executives, and scientists.

The Opportunity

The Sr. Commodity Manager is responsible for developing, executing, and sustaining both the strategic and tactical supplier management activities required to support Abbott’s Heart Failure business. This role manages key suppliers, negotiates contracts (Master Service Agreements, Supply Agreements, Pricing Agreements), drives short‑term recovery actions, and builds long‑term sourcing strategies aligned with division and corporate priorities.

The role requires a highly proactive self‑starter who thrives in a dynamic environment and can balance immediate operational challenges with long‑range planning. The Sr. Commodity Manager will partner extensively across Quality, Operations, R&D/Engineering, Finance, Planning, Legal, Corporate Procurement, and other Abbott divisions to ensure supply continuity, cost competitiveness, and supplier performance.

What You’ll Work On :

Supplier Relationship Management:

• Serve as primary commercial interface for assigned suppliers.
• Lead Quarterly Business Reviews (QBRs) and supplier performance governance.
• Drive supplier development, including capability expansion, cost improvements, and risk mitigation.
• Address escalations, capacity constraints, and continuity‑of‑supply concerns.

Contracting, Negotiation & Commercial Management:

• Lead the creation, review, negotiation, and execution of:
  • Master Service Agreements (MSAs)
  • Supply Agreements
  • Pricing Agreements & Amendments
  • Inventory or Consignment Agreements
• Ensure contracts align with Abbott’s commercial, legal, and risk standards.
• Drive long‑term pricing strategy, cost‑transparency models, and cost‑reduction roadmaps.

Operational Execution & Issue Resolution:

• Manage immediate supply chain concerns, including shortages, quality holds, yield issues, material constraints, and urgent resourcing needs.
• Partner closely with Planning, Quality, and Operations to resolve issues quickly and minimize impact to manufacturing and customers.

Long‑Term Strategy & Corporate Initiatives:

• Develop and maintain multi‑year category and commodity strategies built around:
  • Cost, capacity, quality, resiliency, dual‑sourcing, and sustainability
• Support and execute Corporate initiatives including:
  • Supply Chain Resiliency
  • Supplier Sustainability & Diversity
  • Risk Indexing & Geo‑risk Evaluations
  • Cost‑Out Programs (CIP, VA/VE)

Cross‑Functional & Cross‑Divisional Collaboration:

• Interface daily with internal stakeholders across HF and Corporate Abbott—Quality, Ops, Engineering, Supplier QA, Finance, Legal, Manufacturing, NPI, Corporate Procurement, and other business units.
• Provide sourcing input for NPI projects, change controls (SCNs), and engineering cost‑reduction activities.

Data‑Driven Decision Making & Governance:

• Use data, analytics, and market intelligence to guide decisions on risk, cost