At Torrid we’re committed to cultivating a welcoming, inclusive and diverse culture driven by a focus on open dialogue, empowerment, recruiting, training, development and retention. We believe inclusion of diverse backgrounds and perspectives is fundamental to our success.
The Procurement Category Manager will be responsible for the development and execution of procurement strategies, fostering vendor and internal stakeholder relationships, and driving cost-effective solutions. This role requires analytical skills, strategic sourcing expertise, and the ability to serve as a trusted business partner to Marketing and IT. The ideal candidate possesses in-depth knowledge of procurement best practices, including strategic sourcing, supply chain management, resilience, digital transformation, and contract negotiation. Additionally, they will play a key role in supporting and shaping our department’s digital transformation initiatives.
What You’ll Do:
- Develop and implement procurement strategies that align with Torrid’s goals and objectives as well as assigned departments.
- Identify cost-saving opportunities, negotiate contracts, and establish key performance indicators (KPIs) for suppliers.
- Continuously monitor market trends and industry best practices to stay ahead of the competition and endeavor to future-proof our supply chain.
- Build and maintain strong relationships with suppliers to ensure reliability, availability, and quality of goods/services as well as cost transparency.
- Identify, evaluate, and onboard new suppliers, conducting thorough due diligence to ensure their capability to meet our requirements.
- Implement real-time supply chain monitoring, vendor performance evaluations and improvement plans when necessary.
- Leverage high emotional intelligence to find creative approaches to negotiate and find win-win opportunities and drive improved outcomes.
- Utilize data analytics and market intelligence to make informed decisions.
- Regularly analyze procurement data, identify patterns, and make data-driven recommendations for cost reduction and process optimization.
- Demonstrate a true love of data and intellectual curiosity.
- Collaborate closely with the marketing and IT departments to understand their procurement needs and objectives.
- Act as a business partner, translating departmental requirements into effective procurement strategies and solutions.
- Drive initiatives to optimize costs and overall value while maintaining the highest quality standards.
- Identify opportunities to streamline procurement processes and implement cost-effective solutions.
- Ensure compliance with legal and regulatory requirements in all procurement activities.
- Mitigate potential risks by assessing supplier financial stability and contract terms.
- Maintain efficient inventory levels by working with suppliers and internal stakeholders.
- Minimize excess inventory while ensuring product availability to meet business demands.