Procurement Analyst 1

Huntsvillemid

OperationsProcurement Analyst

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Quick Summary

Requirements Summary

Vendor and market research Tracking cost savings and innovation goals and reporting results as necessary. Supporting project bidding and evaluation planning.

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OperationsProcurement Analyst

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.

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.

What We Offer

~1 min read

Join LGEAI and play a key role in shaping our indirect procurement strategy as a Procurement Analyst. In this role, you’ll support key commodities and manage critical tasks within the General Procurement Process, ensuring efficiency, accuracy, and value across all purchasing activities.

You’ll be responsible for analyzing procurement data, reviewing documentation for completeness, and preparing detailed status reports for the Procurement Team. You’ll also engage with vendors and prospective suppliers, monitor market trends, and support forecasting and cost analysis to drive informed decision-making. Collaboration with internal teams will be essential to align product delivery, pricing, and quality expectations, helping to maintain strong supplier relationships and achieve company goals.

The ideal candidate is a proactive, detail-oriented professional with strong analytical, organizational, and communication skills, and a passion for innovation and continuous improvement in procurement operations

Requirements

~1 min read

Vendor and market research

Tracking cost savings and innovation goals and reporting results as necessary.
Supporting project bidding and evaluation planning.
Understanding and compliance with General Procurement Standards for fair bidding and negotiation.
Understanding internal team needs and how they relate to procurement requests.
Coordinating with various internal managers to align expectations.
Analyzing commodity markets in order to assess present and future material availability and pricing trends.

Performing metrics analysis and reporting

Weekly, monthly and yearly reporting on a variety of metrics and/or projects. Areas include cost and innovation savings, status of procurement requests and issues.

Interdepartmental support

Working with various groups within the company (Accounting, Quality and Engineering, Customer Service, Field Support, Tech Support, etc.) and provide informative and correct analysis of commodity markets, technology, and trends upon request.
Working with the Legal Team to create contracts with vendors that minimize risks.

Bachelor’s degree required in Business or related field
2 years of experience performing budget planning, project management and/or procurement support preferred
Proficient in MS Office-Excel, Outlook, Word, Power Point
Excellent written, verbal and interpersonal communication skills
Able to work successfully in a fast-paced, and rapidly changing, environment
Ability to travel if required (10%)

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Recruiting Range

$55,000—$60,000 USD

What We Offer

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✓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.