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 103,000 colleagues serve people in more than 160 countries.
PRIMARY JOB FUNCTION
Provide global market analysis and negotiation support to Abbott Nutrition (AN) Purchasing and Third Party Manufacturing (TPM) organizations. This position must stay well versed on macro & micro economic trends and their impact on material costs. Key functions include:
Establish critical financial targets for commodity pricing & Purchase Price Variance (PPV) performance.
Provide analytical support for corporate financial cycles as well as adhoc analysis for new manufacturing sites, commercial pricing strategies, contract negotiations and other requests from all levels of the organization.
Accurately forecast price trends and proactively communicate impact. This would include but not limited to formal market updates highlighting trends, key drivers, current prices and any material shifts in the market outlook.
Position will participate in critical supplier negotiations and meetings.
1.MARKET ANALYTICAL ANALYSIS:
Position is fully accountable for all market analytics tied to assigned category. These market analytics
help form the baseline foundation of the Abbott Nutrition (AN) financial and strategic plans, as well as AN's position in negotiations, a deep understanding of the economic environment, and short and long-term industry trends.
2.BUILD, ANALYZE AND MAINTAIN MARKET FORECSATS:
Data accuracy and integrity are key, as these forecasts are used to measure and project AN's financial risk /exposure / opportunity for short and long-term decisions.
Market Consensus Models are used to calculate a long term expected price curve for a given commodity, based on trends in underlying cost drivers (Raw Materials, Energy, Labor, Inflation, Processing, Profit Margin, Freight). They can indicate how "fair" are current contract price offers and identify need for long or short strategic moves to protect AN from volatility.
Cost Modeling support of individual contract negotiations and analyze the differences and similarities between suppliers within the same market.
3.NEGOTIATION / CONTRACT ANALYSIS
Analyze value / risk of different contract price models and strategies, and recommends optimal contract structure given global and regional variables. Position will advise if it is it in AN's best interests to secure a long-term or short-term fixed price, execute a financial hedge, etc.
The incumbent needs to have a sound understanding of the global economic landscape and the implications of changes (both planned & unplanned).
Position participates / presents market positions and/or price models, in key supplier negotiations.
May perform other duties as assigned
JOB FAMILY:Supply Chain
DIVISION:ANSC Nutrition Supply Chain
LOCATION:United States > Abbott Park : AP06C Floor-6
ADDITIONAL LOCATIONS:United States > Columbus : 2900 Easton Square Place
TRAVEL:Yes, 20 % of the Time
SIGNIFICANT WORK ACTIVITIES:Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day), Keyboard use (greater or equal to 50% of the workday)
Abbott is an Equal Opportunity Employer of Minorities/Women/Individuals with Disabilities/Protected Veterans.
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