Assistant Manager-Procurement

6 days ago

Singapore LG Electronics Singapore Full time

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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.
  • 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.
  • Oversees reconciliation of procurement-related documents due for

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