Sourcing Manager

About the role

The Sourcing Manager is responsible for the development and implementation of our sourcing strategy for TJX products designed in-house by our Product Design team. The responsibilities may include managing a sourcing specialist, procuring sustainable materials with an eye on quality, newness and innovation, negotiating prices, and building strong internal and external relationships. This role collaborates with Product Development, Merchants, GS&P, Direct Vendors, Buying Agents, Global Buying Offices, Sustainability Team, and Legal.

Responsibilities

• Partners with stakeholders to realize desired outcomes
• Adjusts approach to varying audiences
• Engages in respectful, effective, timely communication; asks questions, listens to answers
• Builds and maintains a strong network at all levels and across functions
• Delivers value on time by finding or creating leverage, efficiencies and opportunities while identifying and mitigating risks
• Leverages and continually develops relevant sourcing knowledge: Production, Retail Math, Logistics Timing, International Commerce Rules/Regulations, Specialized Country Knowledge, Finance, Macro Economics, Sustainability Regulations and Tracking
• Leads negotiations to achieve the best possible product mix at the target profit margins
• Creates and executes negotiation strategy
• Is the central point of communication for all stakeholders (Agents/Vendors, Merchants, Product Team, etc.) throughout the negotiations process
• Maintains costing dataset and related reporting, ensures accuracy and timeliness
• Finds and evaluates potential suppliers based on key criteria, including but not limited to capabilities, capacity, pricing/value, financial health and other considerations
• Monitors supplier performance, capacity and health
• Partners with Business Unit to create grow/maintain/shrink strategy based on the above and on business needs; executes strategy, monitors results, adjusts course as needed
• Drives the business by transforming data and research into strategy and action; data and research may include: Product, Programs and Customer Needs, Business Intelligence, Inputs, Supply Chain, Manufacturing, Order History

Qualifications

• Bachelor’s degree in business, Merchandising, Finance or relevant experience
• Proficient with Microsoft Office suite
• Advanced working knowledge of Microsoft Excel: pivot tables, v-lookups, formulas
• Strong math and analytical skills
• Able to unify and clearly present ideas to individuals and groups
• Collaborative; works well in a team environment; strong communication skills
• Meets deadlines; responds appropriately in a timely manner
• Excellent multi-tasker, able to manage multiple projects/programs simultaneously

Benefits

• Associate discount
• 401(k) match
• Medical/dental/vision
• HSA
• Health care FSA
• Life insurance
• Short/long-term disability
• Paid holidays, vacation, sick, bereavement, parental leave
• EAP
• Incentive programs for management
• Auto/home insurance discounts
• Tuition reimbursement
• Scholarship program
• Adoption/surrogacy assistance
• Smoking cessation
• Child care/cell phone discounts
• Pet/legal insurance
• Credit union
• Referral bonuses

Pay

This position has a starting salary range of $95,800.00 to $122,100.00 per year. Actual starting pay is determined by a number of factors, including relevant skills, qualifications, and experience. This position is eligible for an annual incentive as well as long-term incentives.