About this role:
About this role:
Wells Fargo is seeking a Sourcing Associate
In this role, you will:
Manage and administer the relationships for assigned low risk vendors and suppliers
Plan and implement purchasing activities, measure, monitor, and report performance levels, completing vendor or supplier evaluations and scorecards
Conduct review meetings as a tool for improving supplier performance, and escalate and resolve customer service issues with the supplier or vendor
Work with experienced sourcing consultants to identify ways to improve supply chain performance including cost savings, quality improvements, and discount programs
Identify improvements in tools and processes to streamline and automate the supply or commodity management process
Understand vendor management and sourcing practices
Work with contract negotiations and vendor relationships of low to medium complexity
Complete work under direction of more experienced staff
Act as focal point for low risk sourcing and vendor management activities
Required Qualifications:
6+ months of Sourcing experience,
or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
Solid experience in Supply Chain Management.
Knowledge of contract drafting and negotiating vendor legal terms and conditions
Strong Experience in negotiation of commercial terms.
Cross-category experience is preferred.
Job Expectations:
Develops Strategic Sourcing strategies and lead contract negotiations for medium to high-risk products / services.
Well versed with contract principles and drafts non-standard contract terms and conditions
Review, draft and negotiate Master Agreements, Statement of Works, Change Orders, Amendments and similar contracts
Research vendor contracts to identify existing relationships, rights, risks and proactively identifies and analyzes cost savings opportunities.
Identifies and escalates risk-related issues and i