Fanny Chen Email & Phone Number

Abbott Park, Illinois, Us

Responsible for a $1B diagnostics business for Abbott Great China.

Abbott Park, Illinois, Us

Responsible for developing and implementing all strategies to secure and grow Abbott’s nutrition business in Great China from end to end supply chain. It includes in-country responsibility day-to-day operations and quality for nutritional plant and eCommerce, cross border eCommerce as well as supply chain operation in Hong Kong and Taiwan. Launched digitalization for supply chain and cross boarder eCommerce. In addition to the primary responsibility for end to end supply chain for Abbott Nutrition business, provide support and guidance for all other Abbott divisions China-based manufacturing operations and procurement, inclusive of nutritional, pharmaceutical, and medical device plants.

Abbott Park, Illinois, Us

Build the supply chain organization in China with 2 manufacturing plants, 5 Regional Distribution Centers. Be responsible for building and starting up the Greenfield manufacturing plant with over $300M investment. Develop the China dairy strategy to support $900M annual Sales with over 100 SKUs. Responsible for Manufacturing, QA, Planning, Purchasing, Engineering, and New Product Innovation Operation in China. Build talent pool for China operations. Manage local, provincial and central government relationship and proper represent the company to win in China. • Oversea the purchasing strategic plan, ingredient strategy, PPV management to drive margin. • Build compliance and quality culture in China supply chain organization. • Mentor and inspire China local senior leaders to emerge Abbott culture with Chinese environment in mind. • Build talent pool for China operations future localization effort. • Manage local, provincial and central government relationship to proper represent the company to win in China. • Drive the execution of obtaining permits, licenses, and other regulatory required documentation. • Ensure proper communication within Abbott China among all functions (commercial, Supply China, R&D) to drive the business effectively. • Always have contingency plans and proactively anticipant the market and competitors landscape and plan ahead accordingly. • Successfully built and started up the Greenfield manufacturing plant with over $300MM investment on time within budget. • Drove on time First Lot To Stock (FLTS) of the Jiaxing plant and commercial product launch, despite the last minute government regulatory changes. • Resolved dairy policy compliance exception timely and successfully.

Abbott Park, Illinois, Us

Conceived, initiated, developed, communicated, and managed the execution of Abbott sourcing strategies representing annual spend of $8.5 billion domestically and $3.2 billion at international sites. Led global sourcing team with the following scope of responsibilities: • Developed, communicated and managed strategic sourcing long range plan (LRP) to provide corporate direction on key spend projects to minimize opportunities for redundant sourcing activities globally. • Identified strategic sourcing opportunities across the company, assembling cross functional /cross divisional teams to evaluate total cost, total savings potential, sourcing options, regulatory impact, and product/operation impact. • Built global sourcing organization and integrate new acquired companies. • Developed and managed financial systems that identify, track and deliver operating margin (hard savings) to the corporation as a result of strategic projects in excess of $20 million annually. • Aligned European, Asian and Latin America Strategic Sourcing plans with manufacturing and commercial affiliates to maximize leverage opportunities in all the regions. • Established and built relationships with international affiliates at the senior management, staff and site levels. • Established Emerging Markets Sourcing procedures and processes. • Interfaced with key clients regarding suppliers and initiate conversion of current supply base to Emerging Markets sources.

Abbott Park, Illinois, Us

Managed and provided strategy and direction for Emerging Markets / Low Cost Country (LCC) sourcing. Led global team including staff in Shanghai, China, and Mumbai, India. Scope of responsibilities included: • Worked with divisions at decision-making levels, evaluated purchase volume of over $10 billion; extracted specific spends and identified, evaluated and launched alternative sources of supply within low cost countries including China, India, Vietnam, Korea, Philippines, and Eastern Europe. • Established tactical and strategic plans to meet savings objectives. • Managed multiple projects concurrently, planning for frequent manufacturing emergencies. • Worked with the company’s sourcing and purchasing employees on a worldwide basis to re-source current domestic and European purchase volume to LCCs. • Broke roadblocks for staff that occurred within Abbott business units, affiliates, and suppliers.

Abbott Park, Illinois, Us

• Ensured least cost, flexible capital structure implemented in affiliates and Direct Export locations for all global divisions in Pacific, Asia, Africa, and Middle East region including assessing political risk and credit exposure. • Developed Long Range Financing Plans to properly capitalize and finance entities for the least cost financing strategy. • Responsible for developing and implementing strategies to minimize potential impact of changes in exchange rate movements on earnings. • Coordinated and provided guidance on global Treasury matters for acquisitions and integration into the company’s systems. • Accountable for timely approval of new entities, liquidations and capital/financing strategies for affiliates for International Finance Committee (highest level of finance management in Abbott, including CFO) approval.

Abbott Park, Illinois, Us

• Supervised the procurement of $250MM of raw materials and services; created and managed department operating budget of $800M. • Developed an annual cost savings plan; generated cost savings and cost avoidance averaging $30MM annually. • Created innovative solutions for the procurement process to ensure that company interests were protected in all business. • Led cross-functional, cross-divisional and cross-sites teams and suppliers. • Initiated and supervised global make/buy analysis for raw materials, bulk drug and/or formulation manufacturing. • Determined strategy to approach and service the divisions and business teams to make Corporate Purchasing a value-added function to their business.

Charlotte, Nc, Us

• Managed three offices in China with more than 35 employees; reported directly to Regional President and responsible for local P&L. • Established procurement, planning, warehousing and logistic policies and procedures. • Oversaw warehouse and manufacture plant operations. • Streamlined purchasing channel, process and materials management. • Worked with U.S. and local legal counsel on legal structures planning and company set-up in several regions in China. • Responsible for monthly and annual financial reporting in U.S. GAAP form and also local form for three locations in China. • Responsible for annual budgeting for four divisions and all locations in China. • Implemented accounting software to computerize accounting reporting. • Involved heavily in acquisition decisions in China.

Chicago, Illinois, Us

• Provided consulting service to 18 markets in Chinese Economic Area (CEA). • Reviewed and analyzed monthly financial statements and income projections. • Hired and trained new market controllers, opened new offices, provided profitability consulting, streamlined office procedures/information flow/accounting processes and ensured compliance of GAAP and local standards. • Consulted with CEA market CFOs on setting up their financial organizations. • Prepared various profitability analyses and financial management reports to highlight markets’ performance for home office top management. • Evaluated CEA market’s people, processes and systems and presented a process review which included suggestions for improvements in all areas. • Prepared analysis highlighting financial opportunities by region and store. • Developed simple G.A.M.E. approach, one-page analysis for operation to improve profitability in as little as three months. • Prepared monthly regional performance summary report and regional norm. • Consulted with operation managers on improving profitability and accurately projecting financial statement. • Assisted in regional annual 3-1-Q Profit Plan. • Trained Asian market managers in Hamburger University.

• Federal and state tax compliance. • Prepared financial statements. • International development planning. • Consulted client on asset management. • Performed tax research and IRS cases.

Mba, International Business

Bachelor Of Science In Accountancy, Accountancy