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:
- Strong experience in Supply Chain Management.
- Knowledge of contract drafting and negotiating vendor legal terms and conditions
- Robust 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 a

📌 Sourcing Associate (Hyderabad)
🏢 WELLS FARGO BANK
📍 Hyderabad