Procurement Manager

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

• Education: Bach/4 Yr Degree; MBA or equivalent advanced degree preferred.
• Experience: 5-8 years procurement or strategic sourcing experience. Supply Chain / Transportation sourcing and retail experience required.
• Strong organizational and presentation skills, ability to prioritize and maintain accountability, understanding of legal aspects, negotiation skills, procurement terminology, cost analysis, and government regulations.
• Strong understanding of how small-box retail stores and personnel operate.
• Demonstrated experience sourcing materials and services for major projects in a fast-paced environment.
• Highly organized, self-motivated, independent thinker who can work with minimal direction.
  
  

Five Below is an Equal Opportunity Employer

Explore our benefits site to discover all the perks and support we offer! From health coverage to financial and personal wellness, we've got you covered—check it out today! Five Below Benefits

Five Below is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, age, national origin, disability, protected veteran status, gender identity or any other factor protected by applicable federal, state, or local laws.

Five Below is committed to working with and providing reasonable accommodations for individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please submit a request and let us know the nature of your request and your contact information. Accommodations Request

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