Rivian
Customers / Rivian
Industry
Rivian Uses Coupa to Drive Purchasing and Sourcing Efficiencies
Director of Indirect Purchasing Brad Hood shares how Rivian uses Coupa to support the company's exponential growth and expanding procurement needs - allowing for $70M of savings in just one year.
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Company Overview
Rivian designs and manufactures electric vehicles to help our planet move to carbon neutral energy and transportation.
Headquarters
Irvine, CA
Employees
10,000-25,000
Customer Website
Value as a Service
$70M
in purchasing savings in one year
$1.5M
saved by each purchasing employee
Challenge
Staying agile through market disruptions and economic swings
Prioritizing business spend for unified procurement and sourcing
Allowing for interconnected operational decisions
Solution
Putting the right people and processes in place to drive the most impact
Establishing comprehensive alignment across all teams and categories
Focusing on procurement operations and strategic sourcing
Result
Every Rivian employee can purchase through Coupa - streamlining department efficiencies
Each indirect purchasing team member saved $1.5M across tactical buying and strategic sourcing
System data provides powerful insight on suppliers and categories
"We can sleep well at night knowing that with Coupa we have the right financial controls within our system."
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