19 days old

Category Manager - Marketing Sourcing/Procurement

Best Buy
Richfield, MN 55423
  • Job Code
Best Buy's Sourcing /Procurement team is seeking a Category Manager to support their Marketing business partners. This is a high-impact position, with responsibility to optimize the total cost of ownership and increase total value derived from our spend on products and/or services within one or more assigned categories. This position will have direct reports and is responsible for development of category and sourcing strategies, sourcing execution, negotiations, contracting activities, and relationship management across the Media, Sponsorships, Strategic Partnerships, Research, and Public Affairs.

Key Responsibilities:
Category Strategy Development and Management, Process Improvement

  • Develop, execute, and coach direct reports on development of Strategic Sourcing Category Strategies
  • Participate in the development of category goals, holding accountability for delivery against set objectives.
  • Create end-to-end efficiencies and value proposition across multiple stakeholders, business objectives and suppliers ensuring a holistic view and fully leveraged value capture.
  • Foster strategic and commercial supplier relationships necessary to advance vision of the Business and Procurement.
  • Serve as subject matter expert for area of responsibility and associated processes and practices within Procurement.
  • Partner with internal Procurement teams and Legal to evolve all Sourcing best practices including but not limited to agency/supplier selection & contracting, scoping, ongoing Relationship Management, 3rd party audits, efficiency, and innovation.
  • Develop project pipeline, forecasting & prioritizing required resources based on strategic and value opportunity levels.
Strategic Sourcing Execution
  • Lead business partners in defining requirements for their needs.
  • Identify and educate the team on appropriate sourcing tactics, and ways of partnering across the broader Procurement organization
  • Negotiate and execute contracts in line with Best Buy policies, and act as an escalation point for direct reports
  • Accurately calculate and report Procurement Value
Relationship Building
  • Develop Stakeholder management plan and proactively partner with all relevant teams
  • Use organizational knowledge and networks to anticipate and resolve issues and bring new value opportunities.
Advocate Procurement vision and mission
  • Leverage and influence relationships to gain input and/or buy-in for critical business decisions, and category strategies
Leadership/Talent Management
  • Allocate resources, prioritize work, remove barriers and/or escalate up to facilitate work completion
  • Provide timely and clear work direction, ensure clarity of responsibilities, decision rights, accountabilities, and outcomes
  • Demonstrate outcomes as a result of setting strategy, sourcing and influence
  • May be required to actively engage in new initiatives and lead others through the change process to clarify the value and opportunity with the change
  • Maintain an inclusive team environment of engaged highly skilled, and diverse talent
  • Set clear personal goals for self and direct reports as a key part of managing performance to drive business outcomes
  • Provide leadership coaching and development to direct reports to enhance skills, knowledge, and experience
Minimum Qualifications:
  • 3 or more years experience in strategic sourcing or category management, OR, 3 or more years' experience in media and related marketing
  • 1 or more year of experience leading direct reports
Preferred Qualifications:
  • Bachelor's degree in a business discipline
  • Demonstrated natural curiosity, and ability to ask probing questions when necessary to understand a related business problem
  • Organized and able to effectively manage several responsibilities/projects at once, with ability to prioritize for self and coach others
  • Demonstrated ability to self-start
  • Good communications and presentation skills
  • Ability to create and execute a strategic vision
  • Ability to build and sustain an engaged, diverse, highly skilled team and to oversee performance and development

Posted: 2022-06-17 Expires: 2022-07-16
Sponsored by:
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Sponsored by:
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Category Manager - Marketing Sourcing/Procurement

Best Buy
Richfield, MN 55423

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