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Procurement Manager

Company LG Electronics
Location Englewood Cliffs, NJ
Update 11 Day ago
300
Video: Click here to learn more about this exciting opportunity!

At LG we make products and services that make lives better, easier and happier through increased functionality and fun. Put simply, we offer the latest innovations to make “Life Good” – from home appliances, consumer electronics, vehicle components and mobile communications to business innovations in digital signage, air conditioning, solar and LED lighting. As a global leader, we strive for greatness in product leadership, market leadership and people leadership to realize our growth strategies.

Talk about a mantra. Life’s Good with LG!

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!

We are currently seeking a Procurement Manager to join our dynamic team in Englewood Cliffs, NJ as part of the Regional Procurement Team.

POSITION DESCRIPTION:

The successful candidate will be responsible for Supplier Management including: Source Identification, Selection, Development, and Evaluation. This individual will be responsible for:
  • Leading sourcing projects to identify, evaluate and select preferred suppliers. This includes qualitative and quantitative analysis of suppliers to ensure a project execution of all Commodity Marketing needs and non-marketing projects including Travel management.
  • Contract Management for all designated Marketing and non-marketing commodities.
  • Review supplier’s T’s & C’s, identify potential contract risks, and develop a plan to reduce risks
  • Communicate those risks to the respective stakeholders to develop best alternative “Contract” languages for LG
  • Review suppliers’ price & quality and analyze the cost table
  • Develop tools & plans to execute systematic & efficient negotiation strategy
  • Lead project prioritization and execution.
  • Responsible for GP System monthly reporting for the GP Team.
  • Lead and influence team and stakeholders on a course of action.
  • Formulate plans with minimal or vague information.
  • Lead and develop cost decomposition analysis leading to the discovery and elimination of waste
  • Responsible for strategy development for Creative agency, PR agency and other Marketing agencies.
  • Gather and analyze key procurement metrics using data collection techniques (downloading of transactional data to spreadsheet format) in order to report results to Senior Management.
  • Lead and develop savings reports, PowerPoint presentations and any other ad hoc reports.
  • Assist NA Regional Procurement Director to develop and evaluate Request for Proposal/Quote, assist in the development of cost models, support project management activities for productivity and value generating initiatives.
  • Position will be responsible for communicating with internal stakeholders (internal departments) and external suppliers or 3rd party providers.
REQUIREMENTS:
  • Bachelor's degree is required.
  • Minimum of 7 year of procurement experience is required
  • Fluency in MS Excel, Word, PowerPoint is required
  • Knowledge of strategic sourcing and procurement processes are required
  • Experience working with Kaizen methods is a plus.
  • Must be able to develop creative solutions and communicate to internal stakeholders, leadership and suppliers
  • Must be able to become a strategic sourcing expert and be willing to train others
  • Korean language skill are a plus but not required.
  • The ability to travel up to 25% as the business needs require d
LG Electronics, USA Inc.; LG Mobilecomm USA, Inc., LG Mobile Research USA LLC, and Zenith Electronics LLC provides equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law. Further, the Company takes affirmative action to ensure that applicants are employed and employees are treated during employment without regard to any of these characteristics.

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