What are the responsibilities and job description for the Procurement Manager position at Five Below?
At Five Below our growth is a result of the people who embrace our purpose : We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 20,000 associates who work at Five Below and they’ll tell you there’s no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in.
It’s all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!
RESPONSIBILITIES
- Manage suppliers and stakeholder to determine specifications and requirements for all transportation and supply chain spend at Five Below, including inbound, outbound, ocean freight, and package carriers.
- Source suppliers and negotiate contractual terms and conditions.Market Analysis : Conduct in-depth market research to identify potential vendors, assess their capabilities, and stay ahead of industry trends.Negotiation Expertise : Lead negotiations with vendors to secure optimal pricing, terms, and service levels, leveraging your extensive experience to maximize value for the organization.Stakeholder Engagement : Collaborate closely with internal stakeholders across departments to understand their needs, address concerns, and advocate for effective procurement practices. Interview potential suppliers and determine if supplier is qualified to produce and / or supply products or services. Includes a review of supplier's production capability, ability to meet deadlines, and financial background.
- Set up, track and monitor vendor performance, pricing, and contracts to ensure ongoing service level and competitiveness reducing expenses and improving effectiveness. Works with supplier during testing of any services. Coordinates and communicates company recommendations and revisions for the product or service.
- Serve as a Subject Matter Expert of the relevant Supply Chain market as well as Five Below’s sourcing and spend.
- Manage and optimize supplier performance including contract compliance, continuous improvement, innovations, and reduction in total cost of ownership.
- Project management - working with suppliers and cross functional teams. Educate, consult, and influence relevant business stakeholders (i.e. construction) to understand and follow Five Below’s procurement and purchasing program and processes.
- Oversee the management of the procurement specialist, coordinators or buyers, and ensure all work, coaching, developing, etc.
QUALIFICATIONS
