Procurement Executive

About our Company

Rakuten, Inc. (Tokyo Stock Exchange: 4755), is one of the worlds leading Internet service companies, providing a variety of consumer and business-focused services including e-commerce, travel, banking, securities, credit card, emoney, portal & media, online marketing and professional sports. Rakuten is expanding globally and currently has operations throughout Asia, Western Europe, and the Americas. Founded in 1997, Rakuten is headquartered in Tokyo, with over 10,000 employees worldwide. For more information, visit http://global.rakuten.com/corp/about/.

Rakuten India Development Center is the second largest technology hub outside of Japan that enables & builds platforms for global E commerce, Payments, Digital, AI and Data Science services across the globe. Rakuten India is located in Bengaluru, also known as the Silicon Valley of India, where there is an abundance of talent. The work environment is seamless same as Tokyo, San Francisco, or Singapore. It has an easy and smooth collaboration across all Rakuten divisions. Rakuten India is an in-house innovation technology centre. Rakuten is ranked in top 20 most innovative companies in the world by Forbes

About the Role

This role is responsible for the procurement of IT products and services, including hardware, software, telecom, networking devices, printers, and consulting solutions. The position involves close coordination with stakeholders across Business/Functional teams, Legal, Finance, and vendors to ensure smooth procure-to-pay operations.

Key responsibilities include timely purchasing of materials and services, contract management, and issuance of purchase orders. The role requires reviewing purchase requisitions, understanding requirements, sourcing vendors, negotiating, preparing comparative analyses, and ensuring on-time contract renewals. Additional duties include delivery follow-up, reconciliation, reporting, and driving process improvements in sourcing, contracting, and purchasing.

Responsibilities

• Review purchase requisitions for accuracy and understand detailed requirements.
• Manage sourcing activities, including RFx processing, comparative analysis, and vendor selection.
• Handle contracting and create purchase orders post-approval.
• 
  Coordinate PO approvals, issuance, and delivery follow-ups.
• Facilitate reconciliation for pending deliveries, services, and invoices.
• Demonstrate strong understanding of legal terminology and provide procurement guidance to teams.
• Knowledge of ERP system (e.g., Precoro, Microsoft Dynamics, Coupa, Oracle).
• Maintain advanced knowledge of procurement, contracting, logistics, and payment processes.
• Manage tactical vendors for onboarding, offboarding, performance, and compliance.
• Support development of vendor performance scorecards with business and analytics teams.
• Collaborate with internal teams to ensure sourcing meets requirements and quality standards.
• Define and execute negotiation strategies aligned with business objectives for optimal value.
• Maintain and update vendor database and key information.
• Identify and escalate vendor-related risks and issues.
• Execute and troubleshoot the full purchase lifecycle, ensuring compliance with company policies and audit requirements.

Qualifications

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  Bachelors degree; certifications in supply management (CPSM, CIPS) preferred.
• Minimum 5 years of experience in procurement and vendor management.

Required Skills

• Strong communication and interpersonal skills for stakeholder engagement.
• Ability to work collaboratively across all organizational levels.
• Advanced proficiency in MS Excel/MS Office, data analysis skills, reporting and MIS.
• Customer-centric mindset with strong service orientation.
• Ability to multitask, prioritize, and perform under pressure in a fast-paced environment.
• Strong project management, coordination, and planning skills.

Equal Opportunity Statement

We are committed to diversity and inclusivity in our hiring practices.