Strategic Sourcing Associate

Job ID 62156BR

Department Overview

Supply Chain Management aligns with business leaders across the enterprise to deliver advantageous supply solutions with acceptable third party risk. Our global team specializes in strategic sourcing, contract negotiation, procure-to-pay capabilities, and timely supply chain analytics. We also connect with our communities through supplier diversity outreach and by embedding socially responsible strategies into our sourcing processes.

About the Role

Team members negotiate, review, create and execute the Supply chain contracts. Leads contract negotiation and conducts basic analysis of vendor contracts to identify inconsistencies with standard template language. Analyzes database to identify cost and business opportunities. Scope limited to contract negotiations and vendor relationships of low to medium complexity and dollars. Completes work under direction of more experience staff.

Responsibilities

Develops Strategic sourcing strategies and leads contract negotiations for low to medium risk products and/or services.
Well versed with contract principles and drafts non-standard contract terms and conditions.
Review, draft and negotiate IT contracts and prepare Executive briefs.

Research vendor contracts to identify existing relationships, rights, risks and obligations.
Experience on multiple categories.
Proactively identifies and analyzes cost savings opportunities.
Analyze the most advantageous offer.
Acts as the primary liaison for current and potential suppliers for low to medium risk/dollar spend.
Identifies and escalates risk-related issues and identifies alternative options/solutions.
Maintains current status and engagement information related to active engagements in Strategic Sourcing systems.

Market Skills and Certifications

Essential Qualifications

Experience of more than 3-4 years in supply chain management.

Strong analytical skills.

Experienced in negotiating Professional service category contracts

Desired Skills

Ability to structure and communicate decisions to senior management.

Well-versed with Professional service IT Contractual terms

Strong Communication and Interpersonal skills.

Excellent networking and negotiation skills.

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Wells Fargo & Company (NYSE WFC) is a leading global financial services company with $20 trillion in assets and offices in over 37 countries Founded in 1852 and headquartered in San Francisco, Wells Fargo provides asset management, capital raising and advisory, financing, foreign exchange, payments, risk management, and trade finance services to support customers who conduct business in the global economy At Wells Fargo, we want to satisfy our customers financial needs and help them succeed.