Assistant Manager-Procurement at LG Electronics Singapore

Job Description:

Latest job information from LG Electronics Singapore for the position of Assistant Manager-Procurement. If the Assistant Manager-Procurement vacancy in Singapore matches your qualifications, please submit your latest application or CV directly through the updated Jobkos job portal.

Please note that applying for a job may not always be easy, as new candidates must meet certain qualifications and requirements set by the company. We hope the career opportunity at LG Electronics Singapore for the position of Assistant Manager-Procurement below matches your qualifications.

Roles and Responsibilities:

Indirect Procurment

Strategic Sourcing & Category Management

• Develop and implement comprehensive procurement strategies for all indirect materials, components, and services. These include primarily Marketing activities (Media buying, PR, display rack), General Affairs, etc.
• Conduct market research and spend analysis to identify new sourcing opportunities, mitigate risks, and ensure competitive advantage.

Supplier Relationship Management (SRM)

• Analyze and evaluate vendor for accreditation and supplier management
• Source out potential vendors in Singapore
• Negotiate prices of quotation and proposals to achieve cost savings
• Cultivate and maintain strong, long-term relationships with strategic suppliers, fostering collaboration, performance improvement, and joint innovation.
• Conduct regular supplier performance reviews (QBRs), monitoring KPIs such as quality, delivery, cost, and responsiveness.
• Develop and implement supplier development programs to enhance capabilities and ensure supply chain resilience.

Negotiation & Contract Management

• Lead complex commercial and contractual negotiations with suppliers to achieve optimal pricing, favorable terms, and service level agreements (SLAs).
• Manage the full contract lifecycle, from drafting and review to execution and renewal, ensuring compliance with legal and company policies.

Cost Optimization & Value Creation

• Drive aggressive cost reduction initiatives through strategic sourcing, value engineering, supplier rationalization, and continuous process improvement.
• Implement total cost of ownership (TCO) models to evaluate procurement decisions beyond unit price.
• Monitor market trends for electronic components and raw materials to anticipate price fluctuations and implement hedging strategies where appropriate.

Compliance & Sustainability

• Ensure all procurement activities adhere to internal policies, industry regulations, and ethical sourcing standards.
• Provide necessary training of the internal procurement system to stakeholders
• Drive initiatives related to sustainable procurement, including supplier diversity and environmental considerations.

Contingency Function

• Oversees reconciliation of procurement-related documents due for payment processing
• Evaluate supplier's site for accreditation
• Ad hoc reporting, analysis, and other tasks as requested

Qualifications and skills requirements:

• Bachelor’s degree in Business Administration or Economics.
• Minimum of 5 years of progressive experience in procurement or supply chain management.
• Candidates with experience in the consumer electronics industry and internal procurement system management are highly preferred.
• Proven track record of successful strategic sourcing, complex contract negotiation, and significant cost savings achievements.
• Strong analytical skills, with the ability to interpret market data, conduct financial analysis, and make data-driven decisions.
• Excellent communication, interpersonal, and presentation skills, with the ability to influence and build relationships at all levels internally and externally.
• Proficiency in procurement software and advanced Microsoft Excel skills.
• Ability to thrive in a fast-paced, dynamic, and rapidly evolving environment.
• A creative mindset with relentless curiosity.

Job Info:

• Company: LG Electronics Singapore
• Position: Assistant Manager-Procurement
• Work Location: Singapore
• Country: SG

How to Submit an Application:

After reading and understanding the criteria and minimum qualification requirements explained in the job information Assistant Manager-Procurement at the office Singapore above, immediately complete the job application files such as a job application letter, CV, photocopy of diploma, transcript, and other supplements as explained above. Submit via the Next Page link below.