Manager, Procurement & Vendor Management

Rakuten•Salt Lake City, UT

About The Position

The Manager, Procurement & Vendor Management plays a key role in leading strategic sourcing, procurement operations, vendor management, and supplier risk oversight across the organization. The role ensures the acquisition of goods, services, and technology solutions is cost-effective, compliant, and aligned with business, financial, and risk objectives. Acting as a central governance point for supplier engagement, the role drives adherence to company policies, legal requirements, and security standards while fostering strong, long-term supplier relationships. This position combines hands-on execution with coordination and oversight, leveraging internal partners, systems, and automation to ensure effective procurement operations, vendor governance, and risk management. The role is responsible for advancing modern procurement practices through the use of data analytics, procurement platforms such as Coupa, and AI-enabled tools to streamline sourcing, accelerate vendor evaluations, enhance contract lifecycle management, and drive cost optimization.

Requirements

Strategic sourcing and negotiation
Vendor management, supplier performance monitoring, and relationship development
Contract lifecycle management, including risk identification and mitigation
Procurement analytics, spend reporting, and data-driven decision-making
Proficiency with Coupa or other procure-to-pay platforms
AI-assisted research, automation, and workflow optimization
Risk management and compliance oversight
Cross-functional stakeholder collaboration and influence without authority
Ability to evaluate incomplete or conflicting supplier proposals and make commercially sound recommendations that balance cost, risk, and business requirements
Ability to manage multiple concurrent sourcing and renewal initiatives while maintaining timeline discipline, analytical rigor, and stakeholder alignment
Exceptional attention to detail across communications, data analysis, reporting, procurement recommendations, and negotiations, ensuring accuracy, consistency, and sound commercial outcomes
6-10 years of experience in procurement or vendor management, managing vendor contracts and supplier negotiations
Bachelor’s Degree, preferably in Business, Supply Chain, Finance, or related field
Hands-on experience with Coupa, Ariba, or similar procure-to-pay platforms

Nice To Haves

Professional certifications such as CPSM, CIPS or CSCP

Responsibilities

Strategic Procurement & Category Management Execute procurement strategies aligned with company goals across all business units including Marketing, IT, HR, Facilities, Legal, Compliance, and Finance.
Refine and maintain category management strategies for major spend categories including technology, marketing, professional services, SaaS platforms, and operational vendors.
Lead competitive sourcing initiatives.
Identify opportunities for vendor consolidation, improved supplier performance, and cost savings.
Vendor Management & Supplier Strategy Contribute to and enhance the ongoing management of a formal Vendor Management Program including vendor onboarding, performance monitoring, renewal planning, and offboarding.
Establish vendor performance metrics including service level agreements (SLAs) and periodic supplier reviews.
Maintain an approved vendor list and centralized vendor database.
Contract Lifecycle Management Partner with Legal and Compliance teams to manage the full contract lifecycle including contract review, commercial terms negotiation, approvals, renewals, and amendments.
Maintain a centralized contract repository and contract tracking system.
AI‑Enabled Procurement & Process Automation Utilize AI‑enabled tools to accelerate sourcing research, vendor comparisons, market intelligence, contract summarization, proposal analysis, and procurement documentation preparation.
Identify opportunities to automate repetitive procurement tasks to improve procurement cycle time and efficiency.
Procurement Technology & Systems (P2P) Utilize Coupa (or similar procure-to-pay platforms) for requisitions, approvals, supplier onboarding, and spend visibility, ensuring accuracy and adherence to procurement processes.
Use Coupa reporting and analytics tools to monitor spend trends and vendor utilization.
Identify opportunities to improve procurement automation and reporting through system enhancements.
Third Party Risk Management (TPRM) Coordinate vendor due diligence and risk assessments in partnership with Information Security, Legal, Privacy, and Compliance teams, leveraging existing TPRM processes and tools.
Ensure proper documentation to demonstrate vendors meet organizational standards related to data security, privacy, and regulatory compliance.
Support vendor audit and risk remediation processes.
Spend Analytics & Cost Optimization Monitor procurement spend across the organization and provide reporting to leadership.
Identify cost optimization opportunities through vendor negotiations, strategic sourcing, and vendor consolidation.
Track procurement metrics including savings achieved, vendor performance, contract compliance, and procurement cycle time.
Procurement Governance Lead sourcing and vendor negotiations for small to mid-sized engagements, with initial responsibility for contracts up to approximately $200,000 and opportunity to expand scope and ownership over time.
Ensure all procurement activity follows internal approval thresholds, financial approvals, and procurement policies.
Cross-Functional Collaboration Act as a central procurement advisor to internal stakeholders across departments.
Provide guidance on procurement best practices and vendor selection strategies.