The TJX Companies

Sourcing Manager

The TJX Companies • $95K — $122K *
Framingham, MA 01702In-Person
Retail & Consumer Goods
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Bachelor's degree in business, merchandising, finance, or equivalent experience
  • Proficient in Microsoft Office, with advanced Excel skills (pivot tables, v-lookups, formulas)
  • Strong analytical and math skills
  • Ability to present ideas clearly to individuals and groups
  • Collaborative team player with excellent communication skills
  • Able to manage multiple projects and meet deadlines efficiently

Responsibilities

  • Develop and implement sourcing strategies for in-house products
  • Manage a sourcing specialist to optimize sourcing processes
  • Engage with stakeholders to ensure desired outcomes
  • Lead negotiation processes for optimal product mix and profit margins
  • Identify and evaluate potential suppliers based on key criteria
  • Monitor supplier performance and health, adjusting strategies as needed
  • Transform data into actionable strategies to drive business decisions

Benefits

  • Associate discount
  • 401(k) match
  • Medical/dental/vision insurance
  • Health Savings Account (HSA)
  • Life insurance
  • Short/long-term disability coverage
  • Paid time off for holidays, vacation, and parental leave
  • Tuition reimbursement and scholarship programs
  • Adoption/surrogacy assistance
  • Incentives for management roles
  • Discounts on auto and home insurance
  • Employee Assistance Program (EAP)
Full Job Description
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


Who 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.

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.

About The TJX Companies

The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, ranking No. 115 in the most recent Fortune 500 listings. With over $27 billion in revenues in 2013, more than 3,200 stores in six countries and over 190,000 Associates, they see themselves as a global, off-price value retailer. TJX operates four major divisions: The Marmaxx Group (T.J.Maxx and Marshalls) and HomeGoods in the U.S.; TJX Canada (Winners, HomeSense and Marshalls); and TJX Europe (TK Maxx and HomeSense). In December 2012, TJX acquired Sierra Trading Post, an off-price Internet retailer.

The TJX Companies Careers

Join the vibrant team at The TJX Companies, a leader in the retail industry, where your career growth and development are supported by a culture of diversity, innovation, and leadership. As the home of the world's largest off-price apparel and home fashions retailer, we offer unparalleled job opportunities that empower you to leverage your skills and drive forward with confidence in a dynamic employment landscape. Work You’ll Do At The TJX Companies, you’ll engage in work that matters. Join our community of passionate, curious, and creative team players who are dedicated to propelling the company forward through strategic innovation and robust leadership. Our team at TJX is committed to helping you explore vast opportunities, from entry-level positions to executive roles, ensuring that every step you take is geared towards professional growth and excellence. Transform Your Career Step into a role that harnesses your potential and pushes you to excel. The TJX Companies is not just about job opportunities; it's about building a meaningful career. Here, you will find a supportive network that values professional development and diversity training, helping you to enhance your skills and advance your career. Internship Programs Kickstart your career with The TJX Companies through our internship programs. These opportunities are designed for ambitious students looking to make a significant impact in the retail sector. Interns at TJX gain hands-on experience, valuable insights, and real-world skills that are crucial for future employment, all while being immersed in a culture that thrives on innovation and teamwork. Benefits and Culture Choose a career with The TJX Companies and enjoy a range of benefits that underscore our commitment to our employees' well-being and professional growth. Our inclusive culture fosters diversity, encouraging you to bring your unique perspectives and ideas to the table. At TJX, you’ll find more than just employment; you’ll discover a place where you can grow personally and professionally, surrounded by leaders and peers who will help you thrive. Leadership and Development Prepare to be a leader at The TJX Companies, where we prioritize your leadership development as a critical part of your career journey. Through targeted training programs and access to mentoring and networking opportunities, we equip you with the tools to succeed. Our leadership framework supports your growth at every level and helps you navigate the complexities of the retail world with confidence. Join Our Team Explore the job opportunities at The TJX Companies today and find the position that matches your skills and passions. We are continuously hiring across various departments, looking for individuals who are driven, solution-oriented, and ready to contribute to our global success. Stay Connected Keep up to date with the latest career tips, company news, and industry insights—all from the people who work here at The TJX Companies. Personalize your experience by subscribing to our job alert emails, tailored to your career preferences and aspirations. Discover the rewarding career opportunities waiting for you at The TJX Companies. Whether you’re refining your resume, preparing for an interview, or seeking to enhance your professional skills, TJX is here to support you every step of the way. Join us and be part of a company that celebrates diversity, encourages innovation, and cultivates leaders.
Learn more about The TJX Companies
Size
340,000 employees
Market Cap
$90 billion
Industry
Retail & Consumer Goods
Net Income
$90.4 million
Founded
1987
5 Year Trend
+7.9%
Revenue
$32.1 billion
NASDAQ
TJX
* Ladders Estimates

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