Procurement Manager

LG Electronics • Englewood Cliffs, NJ

7d

About The Position

Step into the innovative world of LG Electronics. As a global leader in technology, LG Electronics is dedicated to creating innovative solutions for a better life. Our brand promise, 'Life's Good', embodies our commitment to ensuring a happier life for all. We have a rich history spanning over six decades and a global presence in over 290 locations. Our diverse portfolio includes Home Appliance Solutions, Media Entertainment Solutions, Vehicle Solutions, and Eco Solutions. Our management philosophy, "Jeong-do Management," embodies our commitment to high ethical standards and transparent operations. Grounded in the principles of 'Customer-Value Creation' and 'People-Oriented Management', these values shape our corporate culture, fostering creativity, diversity, and integrity. At LG, we believe in the power of collective wisdom through an inclusive work environment. Join us and become a part of a company that is shaping the future of technology. At LG, we strive to make Life Good for Everyone.
What we can offer:
A crafted employee experience designed to foster professional growth, a focus on health & well-being and an internal community that will set you up for success.
We offer an environment that enables colleagues to demonstrate their capabilities, focus on their work and create value. At LG, you're encouraged to take a creative and individual approach to challenges with strong emphasis placed on performance and skill and equal, merit-based opportunities across the board. We want our colleagues to grow with our global business. That's why we deliver sure rewards for exceptional performance and offer industry-leading benefits. Come join the team!
Summary
The Procurement Manager (PM) is responsible for specified Commodities in GP such as Marketing, Business Service, Property Management, HR, IT, etc. or other designated departments. Within the specified Commodity, the PM is responsible for Supplier Management, supporting designated stakeholders in supplier selection activities, and the award and negotiation of contracts. Works in partnership with the Legal department to review/approve final contract language that protects the interests of LG Electronics, U.S.A. and it's stakeholders. Responsible for achieving cost savings as directed by the Director of NA GP.

Requirements

• Bachelor's degree
• 7+ years of experience performing contract negotiations as procurement or sales

Nice To Haves

• Certified Professional in Supply Management (CPSM) a plus

Responsibilities

• Build procurement strategy for assigned commodity, which includes Commodity Play Book.
• Responsible for sourcing and managing suppliers, while capturing best in class cost and terms & conditions required for the services needed by stakeholders.
• Frequently updates status of negotiations with stakeholders and suppliers. Identifies potential issues and provides executable solutions.
• Negotiations with Suppliers Sales executives/Presidents very common. Must be able to obtain approvals and final signatures from stakeholders and suppliers.
• Expected to lead negotiations with both internal stakeholders and suppliers of decisions related to GP practices and policies.
• Requires broad job knowledge of all GP practices. Apply negotiation principles to perform job duties.
• Responsible for creating an advantageous negotiating position from the beginning. Must understand supplier financial situation and overall economic indicators when negotiating costs for services.
• Resourceful innovation is necessary to create leverage opportunities while meeting stakeholder requirements.
• Wide latitude to identify and execute innovative ideas to meet business objectives.
• Mainly regional responsibility would be expected, with possibility to expand the suppliers' service globally if possible.
• Must be able to find negotiation leverage opportunities with every purchasing contract.

Benefits

• No-cost employee premiums for you and your eligible dependents for competitive medical, dental, vision and prescription benefits.
• Auto enrollment with immediate vesting of competitive company matching contributions in a 401(k) Retirement Savings Plan with several investment options.
• Generous Paid Time Off program that includes company holidays and a combined bank of paid sick and vacation time.
• Performance based Short-Term Incentives (varies by role).
• Access to confidential mental health resources to help you and your loved ones improve your quality of life. Personal fitness goal incentives.
• Family orientated benefits such as paid parental leave and support for families raising children with learning, social, behavioral challenges, or developmental disabilities.
• Group Rate Life and Disability Insurance.
• Eligible for the relevant benefit programs offered through our partner agencies.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level