Sourcing Manager

The TJX Companies, Inc.; Framingham (MA); On-site; USD 96,000 - 122,000; Full time

Benefits offered by this job

Associate discount

401(k) match

Medical/dental/vision

Life insurance

Disability insurance

Tuition reimbursement

Scholarship program

Adoption/surrogacy assistance

Smoking cessation

Pet/legal insurance

Job summary

TJX Companies in Framingham, MA is seeking a Sourcing Manager to lead the sourcing strategy for in-house products designed by our Product Design team. You will manage suppliers, negotiate prices, ensure sustainable materials, and collaborate with Product Development, Merchants, and Global Buying Offices.

This role requires a bachelor’s degree, strong Excel skills, and proven ability to build relationships, manage budgets, and drive value while meeting deadlines in a fast-moving retail

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.

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 and more.
• Leads negotiations to achieve the best possible product mix at the target profit margins.
• Creates and executes negotiations 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.
• Find and evaluate potential suppliers based on key criteria, including but not limited to capabilities, capacity, pricing/value, financial health and other considerations.
• Monitor supplier performance, capacity and health.
• Partner 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

Skills

Microsoft Office

Pivot tables

VLOOKUPs

Formulas

Analytical skills

Communication

Team collaboration

Deadline orientation

Education

Bachelor’s degree in business/merchandising/finance

Tools

Microsoft Excel

Job description

TJX Companies

At TJX Companies, every day brings new opportunities for growth, exploration, and achievement. You’ll be part of our vibrant team that embraces diversity, fosters collaboration, and prioritizes your development. Whether you’re working in our four global Home Offices, Distribution Centers or Retail Stores—TJ Maxx, Marshalls, Homegoods, Homesense, Sierra, Winners, and TK Maxx, you’ll find abundant opportunities to learn, thrive, and make an impact. Come join our TJX family—a Fortune 100 company and the world’s leading off-price retailer.

Job Description:

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, procure sustainable materials with an eye on quality, newness and innovation, negotiating prices, , and build 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 and more
• Leads negotiations to achieve the best possible product mix at the target profit margins
• Creates and executes negotiations 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
• Find and evaluate potential suppliers based on key criteria, including but not limited to capabilities, capacity, pricing/value, financial health and other considerations
• Monitor supplier performance, capacity and health
• Partner 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

W ho We Are Looking For: You.

• 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 include 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. All benefits are subject to applicable plan or program terms (including eligibility terms) and may change from time to time. Contact your TJX representative for more information.

In addition to our open door policy and supportive work environment, we also strive to provide a competitive salary and benefits package. TJX considers all applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, gender identity and expression, marital or military status, or based on any individual’s status in any group or class protected by applicable federal, state, or local law. TJX also provides reasonable accommodations to qualified individuals with disabilities in accordance with the Americans with Disabilities Act and applicable state and local law.

Address:

770 Cochituate Rd

Location:

USA Home Office Framingham MA 770 Cochituate Rd

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.