Procurement Associate
About the role
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.
Responsibilities
- Assist in the buying function including parts selection, quoting and sourcing production parts
- Prepare, maintain, and review purchasing files, reports and price lists
- Compare prices, specifications and delivery dates to determine the best bid among potential suppliers
- Knowledge of all organizational and governmental rules affecting purchases and provide information about these rules to organization staff members and to vendors
- Contact suppliers to schedule or expedite deliveries and to resolve shortages, missed or late deliveries and quality issues
- Agree on first piece approval dates and track progress
- Negotiate contracts
- Responsible for promoting a safe working environment and monitoring compliance activities to support the safety program
Requirements
- Bachelor's degree in Engineering or Business
- A proven track record of strategically sourcing raw material such as: steel, resin, and factory components to include injection modeling, presses, die casting and electrical parts
- Experience in Procurement preferred
- Solid understanding of financial analysis and cost modeling
- Strong organizational and negotiating skills
- Occasional international travel required
Benefits
Full-Time Employees
- 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.
Temporary/Contractors
- Eligible for the relevant benefit programs offered through our partner agencies.