Five Below · 1 week ago
Sr Procurement Manager- IT/Digital
Philadelphia, PA
Full-time
Hybrid
Senior Level, Lead/Staff
8+ years expFive Below is a company that embraces a culture of fun and creativity, inspiring associates to contribute big ideas and energy. The Sr Procurement Manager for IT/Digital will manage supplier relationships, negotiate contracts, and ensure effective procurement practices while optimizing supplier performance and collaborating with internal stakeholders.
RetailSalesShopping
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
Conduct in-depth market research to identify potential vendors, assess their capabilities, and stay ahead of industry trends
Lead negotiations with vendors to secure optimal pricing, terms, and service levels, leveraging your extensive experience to maximize value for the organization
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
Qualification
Required
Bach/4 Yr Degree
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
Government regulations
Demonstrated experience sourcing materials and services for major projects in a fast-paced environment
Exceptional communication and interpersonal skills
Ability to collaborate effectively across all levels of the organization
Preferred
MBA or equivalent advanced degree
Benefits
Health coverage
Financial and personal wellness
Company
Five Below
Five Below, Inc. operates a chain of retail stores in the United States. It offers sporting goods, games, wearables and jewelry,
10001+ employees
H1B Sponsorship
Five Below has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (13)
2024 (5)
2023 (13)
2022 (15)
2021 (7)
2020 (3)
Funding
Current Stage
Public CompanyTotal Funding
$211MKey Investors
Advent International
2012-07-19IPO
2010-10-29Private Equity· $194M
2008-09-15Private Equity· $17M
Leadership Team
T
Thomas G. Vellios
Founder and CEO
K
Kenneth R. Bull
COO at Five Below
Recent News
2026-01-13
2026-01-12
GlobeNewswire
2026-01-12
Company data provided by crunchbase