Sr Procurement Manager- IT/Digital

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 information technology and digital, including SaaS, hardware and software, telecommunications, ERP, and maintenance.
• 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. Work with supplier during testing of the product or service.  Coordinates and communicates company recommendations and revisions for the product or service.
• Serve as a Subject Matter Expert of the IT/Digital 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 IT and business stakeholders to understand and follow Five Below's procurement and purchasing program and processes.
• Team management and leadership

QUALIFICATIONS

• Education: Bach/4 Yr Degree; MBA or equivalent advanced degree preferred.
• Experience: 8+ years procurement or strategic sourcing experience. IT and digital market landscape knowledge 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.
• Demonstrated experience sourcing materials and services for major projects in a fast-paced environment.
• Exceptional communication and interpersonal skills, with the ability to collaborate effectively across all levels of the organization.

Five Below is an Equal Opportunity Employer

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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.

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