Vp, Procurement Jobs

Position: VP, Procurement

Reports to: Chief Administrative Officer

Location: This position can be a remote, but frequent travel to headquarters in Philadelphia will be required.

RESPONSIBILITIES

• Build Procurement and Vendor Management Center of Excellence (CoE) to help transform procurement in accordance with Five Below’s goals and objectives.
• Acts as a change agent by proactively seeking voice of the client and acting on opportunities for improvement in the sourcing and contracting process, or within specific third-party relationship agreements.
• Establish metrics to drive vendor performance.
• Drive change while developing strong partnerships with other functional leaders.
• Consult and advise senior leadership teams/executives on the impact of procurement and vendor management activities on projects and budgets. Identify cost-savings and cost-reduction opportunities.
• Lead the vendor lifecycle process from procurement to termination.
• Identify or qualify new vendors in collaboration with other departments.
• Recommend procurement structure to include building of high performing team by driving engagement, development, and team success.
• Develop procurement and vendor management strategies for long-term growth, short-term output and execution of best practices.
• Manage complex negotiations with key vendors that require a detailed strategic plan and that have a direct correlation with operational needs and/or goals.

QUALIFICATIONS

• Experience managing multiple projects and/or vendors as project leader.
• Minimum of 15+ years of procurement and vendor management experience in a multi-site environment, with a minimum of 3 years of experience managing a procurement function.
• MBA or other advanced degree and a professional Procurement/Supply Chain Management designation (e.g. CSCP, CPM) is desired.
• Ability to quickly adapt to changes resulting from a dynamic and growing business environment.
• Strong strategic agility, critical thinking, problem-solving and analytical skills.
• Demonstrated ability to lead teams in developing, achieving challenging goals.
• Experience with developing and implementing successful cost saving initiatives.
• Expert understanding of procurement trends and best practices.
• Ability to present professionally to executive-level management and contract providers and vendors.
• Bachelor's degree in supply chain management, economics, finance, operations, engineering or a related area is required.

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 19,000 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!

If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!

Five Below is an Equal Opportunity Employer

The pay range for this position is $212,000 - $280,000 annually. Pay may vary based on a number of factors, including but not limited to a candidate’s job-related knowledge, skills, and experience; educational background; and geographic location. Dependent on the position offered, benefits, bonus and incentive payments, and other forms of compensation may be provided as part of a total compensation package.

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