Director, Procurement

Five Below•Philadelphia, PA

About The Position

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 35,000 crew members 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 crew member 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!

Requirements

Ten (10) years of experience in a leadership or management role within procurement, sourcing, supply chain, or a related function.
Strong financial and analytical acumen, with a data-driven approach to decision-making and demonstrated ability to leverage market intelligence, spend analysis, and cost modeling to support strategic initiatives.
Demonstrated project management expertise, including strong leadership, time management, problem-solving, and execution skills.
Proficiency with Microsoft Office applications, including Word, Excel, PowerPoint, Outlook, and Teams.
Ability to work independently, prioritize effectively, and deliver results in a fast-paced, dynamic environment.
Strong negotiation skills, with the ability to manage contracts and influence stakeholders at all levels of the organization.
Cost-conscious mindset with a demonstrated commitment to identifying savings opportunities and creating measurable value.

Nice To Haves

Master’s degree is preferred.

Responsibilities

Partner with internal Stakeholders across departments to ensure procurement strategies are aligned with overall Store Growth objectives and deliverables.
Align with business stakeholders on sourcing needs and expectations with service, timing, savings, & compliance goals (Social, Ethical, Quality, Sustainability).
Lead, mentor, and develop a high-performing procurement team, promoting a culture of collaboration, innovation, and continuous improvement.
Develop and deliver procurement performance reports and key metrics to senior leadership, highlighting achievements, actionable insights, and areas for optimization.
Manage both strategic and operational needs of the business for Fixture and Print to support key deliverables for Store Growth.
Identify high-impact sourcing opportunities, lead complex supplier negotiations, and implement cost-saving strategies for large-scale business initiatives.
Develop and execute both annual and long-term strategies for your category, aligned with overall business objectives.
Communicate strategic vision and priorities, leading cross-functional teams to ensure successful implementation encompassing demand and quality management.
Build and sustain strategic relationships with key suppliers—including the Top 50 vendors—to ensure optimal performance, long-term value, and business alignment.
Drive fixture and print innovation by leveraging supplier partnerships to introduce new capabilities, enhance efficiency, and support enterprise growth for On Time and In Full compliance (OTIF).
Proactively assess business risks and implement mitigation strategies to ensure compliance with internal policies and regulatory requirements.
Partner with cross functional teams to ensure compliance with Supplier factories.
Manage supplier performance to ensure consistent delivery, quality, reliability, and adherence to contractual obligations ensuring alignment for OTIF, inventory and financial management.
Stay informed on market trends and supplier innovations to continuously refine sourcing strategies and drive sustainable long-term value.
Provide an agile approach by bringing the best industrial practices to life which will drive operational efficiency and spend control.
Developing and optimizing procurement processes and procedures.
Leveraging procurement technologies.
Support the Vice President of Procurement with special projects and additional responsibilities as needed.
Strategic and operational management of Fixtures.
Strategic and operational management of Print.
Strategic and operational management of Packaging materials: custom and standard packaging.
Strategic and operational management of Warehouse operations: MHE (material handling equipment), racking, pallets.
Strategic and operational management of Services: Store Operations services, building maintenance services (cleaning, landscaping, pest control, waste management).
Strategic and operational management of Security services: physical security, access systems, surveillance.
Strategic and operational management of Energy management: utilities, energy efficiency services, renewable sourcing.
Directly manage a team of two (2) to three (3) full-time associates.
Oversee outsourced Print Managed Service Provider.