Sourcing Co-Op (Summer/Fall 2026)

Description

The Summer/Fall Co-op student will be working as a core team member of the Foundry Sourcing team.  The Sourcing Team is comprised of key relationship managers for our supplier base and is the key escalating path supporting our internal partners (BU, Ops, Technology) to the supply base. They ensure revenue support through capacity security and drive towards achieving competitive COGS (cost of goods sold) for business unit partners. The Sourcing Team members have a deep core competence in supplier landscape and negotiation.

Responsibilities

• Prepare and consolidate data analysis presentations for internal business reviews, supplier negotiation, market benchmarking, QBR’s and industry trends
• Support sourcing managers with RFIs, RFPs, financial and performance clauses, metrics, terms, and rebates/penalties to ensure the best bid among various vendors 
• Work with cross functional team to consolidate supplier scorecard rating to ensure there’s aligned view across supply base
• Create complex spreadsheets, documents, reports, and presentations for business case analysis 
• Automate/create an interface for Masterfile and cost modelling database tool 
• Perform economic research and prepares analyses (e.g., negotiable spend, supplier financial analysis, Total Cost of Ownership, financial models, etc.) to identify qualified suppliers and evaluate supplier reliability 
• Support and enforce Procurement policies, Sarbanes-Oxley, Supplier Diversity policy, Risk management updates, Conflict minerals and all other audit and regulated procurement requirements to ensure compliance 
• Using actuals and pipeline data assemble COGS forecast for review with Operations and Finance leads monthly. Recommend any forecast changes. Analyze pipeline data to build annual budget 

Required Experience and Skills

• Candidate should be currently pursuing Bachelors in Finance, Electrical Engineering, Industrial Engineering or similar degree
• Must have the ability to work onsite in our Irvine office July - December 2026
• Much have good attention to numerical details and ability to work with complex databases 
• Proficiency in MS Excel, databases and other related software operations - preferably with programming and database exposure
• Proficient in using the research problem to guide relevant data gathering and benchmarking; develops a working knowledge of literature related to research problem; gathers data that represents all sides of business case
• Skilled at identifying basic measurement requirements and possible indicators for individual, group, department, and business unit results; demonstrates ability to use multiple methods to measure performance; sets meaningful goals and objectives 
• Generates reports in appropriate format using basic software; reviews to ensure accuracy and completeness; identifies issues (e.g., missing variables, incorrect data, etc.)
• Create highly complex cost and price estimates
• Perform price and cost analysis on vendor proposals or quotes by reviewing in detail significant direct and indirect cost elements for realism and reasonableness
• Forecasts price and cost trends, economic factors and efficiencies in production for different contract performance periods using analytical techniques such as random sampling, and cost modeling

Desired Experience and Skills

• Industrial Engineering background preferred
• Experience in manufacturing financial environment preferred.