Sourcing Associate (Hyderabad)

Sourcing Associate (Hyderabad)

25 Sep
|
Wells Fargo
|
Hyderabad

25 Sep

Wells Fargo

Hyderabad

Job Summary

Wells Fargo is seeking a Sourcing Associate.

Responsibilities

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 identifies alternative options/solutions.
- Partner with business groups to issue/evaluate RFx opportunities and conduct reverse auctions.
- Establishes supplier evaluation/selection criteria and coordinates supplier due diligence activities.
- Maintains current status and engagement information related to active engagements in Strategic Sourcing systems.
- Ensures meeting all internal policies pertaining to contracts
- Ensurecontractsclearly specify the right and responsibilities of each party to the contract
- Ensures compliance with legal and regulatory requirements such as data protection including customer supervisory information (CSI), Gramm-Leach-Bliley Act (GLBA) to protect customer personal information, etc.

📌 Sourcing Associate (Hyderabad)
🏢 Wells Fargo
📍 Hyderabad

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