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Sourcing Consultant
Wells Fargo. Develop sourcing strategies and lead contract negotiations for medium- to high-risk products and services .
Core Competencies
Role fitCore Competencies
Use this summary to align your resume positioning with the role.
Demonstrates expertise in sourcing strategies, contract negotiation, and supplier evaluation while ensuring compliance with legal and regulatory requirements. Proficient in drafting and negotiating various contract types, including Master Agreements and Statements of Work.
Highest-signal resume keywords
Sourcing ExperienceSupply Chain ManagementContract DraftingNegotiation SkillsRFx Activities
ATS Keywords
Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills
Contract NegotiationSupplier EvaluationChange OrdersAmendmentsMaster AgreementsStatements of WorkCost-Saving AnalysisRisk ManagementCompliance RequirementsContract Principles
Soft Skills
Strong Communication SkillsInterpersonal SkillsNetworking SkillsMentoringDecision-Making
Tools & Technologies
Strategic Sourcing Systems
Industry Keywords
IT CategoryTelecom CategoryGramm-Leach-Bliley ActDue DiligenceReverse Auctions
About the role
Key responsibilities & impact- Develop sourcing strategies and lead contract negotiations for medium- to high-risk products and services
- Review and analyze contract data, business goals, and market conditions to identify cost-saving opportunities
- Customize contract risk terms and draft non-standard contract terms and conditions
- Develop supplier strategy
- Achieve performance measures while developing expertise in policies, procedures, and compliance requirements
- Collaborate with peers, colleagues, and mid-level managers to ensure appropriate language is used in final lease documents
- Lead projects and teams or serve as a mentor
- Research and respond to internal or external inquiries
- Review, draft, and negotiate Master Agreements, Statements of Work, Change Orders, Amendments, and similar contracts
- Research vendor contracts to identify relationships, rights, risks, and obligations
- Support RFx activities, including selection criteria
- Identify and escalate risk-related issues and alternative options or solutions
- Partner with business groups to issue and evaluate RFx opportunities and conduct reverse auctions
- Establish supplier evaluation and selection criteria and coordinate supplier due diligence
- Maintain current status and engagement information for active engagements in Strategic Sourcing systems
- Ensure compliance with internal contract policies and legal and regulatory requirements
- Ensure contracts clearly specify the rights and responsibilities of each party
- Conduct quality checks on transactional documents
Requirements
What you’ll need- 2+ years of Sourcing experience, or equivalent demonstrated through work experience, training, military experience, or education
- Experience of more than 2+ years in Supply Chain Management
- Exposure to IT and Telecom category
- Knowledge of contract drafting and negotiating vendor legal terms and conditions
- Strong experience in negotiation of commercial terms
- Cross-category experience preferred
- Ability to structure and communicate decisions to senior management
- Strong communication and interpersonal skills
- Excellent networking and negotiation skills
- Knowledge of contract principles
- Experience drafting and negotiating Master Agreements, Statements of Work, Change Orders, Amendments, and similar contracts
- Knowledge of supplier evaluation, selection criteria, and due diligence activities
- Knowledge of RFx activities and reverse auctions
- Understanding of internal contract policies and legal and regulatory requirements, including data protection and the Gramm-Leach-Bliley Act (GLBA)
Benefits
Comp & perks- Equal opportunity employment
- Medical accommodation available upon request
- Drug-free workplace
- Support for risk, compliance, and employee recruitment requirements