Junhyuk Yoo

Background

About Junhyuk Yoo

With extensive experience in direct and indirect procurement, I have developed strong leadership, strategy, and data analytics skills. My time at Mays Business School further strengthened my global mindset and knowledge, allowing me to lead complex projects and act as a change agent within organizations. Professional Skills and Achievements • Consolidated procurement processes and systems across 16 LG companies, creating a unified and efficient procurement framework • Developed a Total Landed Cost analysis tool to optimize the global supply chain, achieving significant cost reductions • Built Should-Cost (Cleansheet) models and negotiation strategies, reducing material costs by over $20 million • Improved spend analysis processes by creating a logical classification algorithm, automatically categorizing 97% of 6.7 million annual spending cases into indirect procurement categories • Transformed KPIs dashboards to generate actionable insights for top management decision-making • Expanded LG Electronics’ indirect procurement process and system to six LG companies, leading a Task Force Team of 40 members, and achieved an average 30% reduction in indirect costs • Centralized indirect procurement structure, delivering annual cost savings of KRW 300 billion (~$250 million) • Deep expertise in procurement data analytics, sourcing strategy, and supplier management • Certifications: CPSM and Six Sigma Green Belt