Sourcing Associate

6 days ago

Hyderabad Telangana, India Wells Fargo Full time

**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**:

- Should be good in written and oral communication.
- Should be able to understand the requirement and perform as required.
- Should be good in contracts negotiation and management
- Bachelor's degree.
- Should be able to work in US shifts

**Job Expectations**:

- Ability to source the right set of vendors for RFP/RFQ and conduct RFx through Ariba system and drive the decision-making process
- Should be able to manage the complete lifecycle of sourcing process until contract and assist the stakeholders with the contract administration.
- Develop Sourcing strategies and contract negotiations
- Review and analyze contract data, business goals and market conditions to identify cost saving opportunities
- Customize contract risk terms and draft nonstandard contract terms and conditions to address business and risk concerns
- Develop supplier strategy
- Achieve performance measures while developing expertise in policies, procedures and compliance requirements
- Collaborate and consult with peers, colleagues and mid-level managers to ensure appropriate language is used to achieve final lease documents
- Lead projects, teams or serve as a mentor
- Research and respond to internal or external inquiries.

**Posting End Date**:
5 Dec 2024
**Job posting may come down early due to volume of applicants.**

**We Value Diversity**

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.

**Applicants with Disabilities**

**Drug and Alcohol Policy**

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

**Wells Fargo Recruitment and Hiring Requirements**:
a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.

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