Procurement Manager

O2 Spa; Gowlidoddi; On-site; INR 1,200,000 - 2,200,000; Full time

Job summary

O2 Spa in Hyderabad is seeking a Procurement Manager to oversee procurement for construction, hotel operations and corporate purchases. You will develop sourcing strategies, manage supplier relationships and ensure timely delivery while maintaining quality and compliance.

The role requires 8-12 years in real estate, hospitality, luxury hotels or construction, with pre-opening experience preferred. You will handle CAPEX/OPEX procurement and drive cost savings.

Qualifications

• Bachelor’s degree in Engineering, SCM, Business Administration or related field.
• MBA/PGDM in SCM or Materials Management preferred.

Responsibilities

• Manage end-to-end procurement for construction, hospitality operations, and corporate requirements.
• Develop sourcing strategies to optimize cost, quality, and delivery timelines.
• Float RFQs/RFPs and finalize vendors after techno-commercial analysis.
• Negotiate pricing, payment terms, contracts and annual rate agreements.
• Ensure timely procurement of Civil, MEP, Interior, FF&E, OS&E, Kitchen Equipment, IT, Furniture, Fixtures, Guest Supplies and Consumables.
• Develop and maintain a qualified vendor database; conduct evaluations and audits.

Skills

Strategic Sourcing

Vendor Development & Management

Contract Negotiation

Tendering & BOQ Analysis

Cost Optimization & Value Engineering

Procurement Planning

ERP/SAP/Oracle Procurement Systems

Inventory Management

Commercial Acumen

Negotiation & Communication

MS Excel & MIS Reporting

Education

Bachelor's Degree in Engineering/ SCM/ Business Administration

MBA/PGDM in Supply Chain

Tools

ERP/SAP/Oracle Procurement Systems

Job description

Job Title: Procurement Manager

Location: Hyderabad

Industry: Real Estate | Hospitality | Luxury Projects

Experience: 8-12 Years

Job Summary

The Procurement Manager will be responsible for managing procurement operations for construction projects, hotel operations, pre-opening activities, and corporate purchases. The role involves developing procurement strategies, identifying cost-saving opportunities, managing supplier relationships, negotiating contracts, and ensuring timely delivery of materials and services while maintaining quality and compliance.

Key Responsibilities

Procurement & Strategic Sourcing

• Manage end-to-end procurement for construction, hospitality operations, and corporate requirements.
• Develop sourcing strategies to optimize cost, quality, and delivery timelines.
• Float RFQs/RFPs, evaluate quotations, conduct techno-commercial analysis, and finalize vendors.
• Negotiate pricing, payment terms, contracts, and annual rate agreements.
• Ensure timely procurement of Civil, MEP, Interior, FF&E, OS&E, Kitchen Equipment, Engineering items, IT, Furniture, Fixtures, Guest Supplies, and Operational Consumables.

Vendor Management

• Develop and maintain a qualified vendor database.
• Conduct vendor evaluation, audits, and performance reviews.
• Build long-term strategic partnerships with key suppliers.
• Identify new vendors and alternative sourcing opportunities.

Contract & Commercial Management

• Draft, review, and administer purchase orders, work orders, and supplier contracts.
• Ensure compliance with company procurement policies and legal requirements.
• Monitor supplier performance against agreed SLAs.

Cost Optimization

• Drive value engineering initiatives.
• Perform market benchmarking and price analysis.
• Achieve annual procurement savings without compromising quality.

Inventory & Supply Chain

• Coordinate with Project, Engineering, Finance, and Operations teams for procurement planning.
• Monitor inventory levels and avoid stock shortages or excess inventory.
• Ensure on-time delivery of materials across multiple project locations.

Compliance & Reporting

• Ensure procurement complies with internal policies and statutory regulations.
• Prepare MIS reports, procurement dashboards, vendor performance reports, and cost-saving analyses.
• Support internal and external procurement audits.

Required Qualifications

• Bachelor's Degree in Engineering, Supply Chain Management, Business Administration, or a related field.
• MBA/PGDM in Supply Chain or Materials Management is preferred.

Experience

• 8-12 years of procurement experience in Real Estate, Hospitality, Luxury Hotels, Resorts, or Construction.
• Experience in pre-opening hotels and real estate project procurement is highly preferred.
• Hands-on experience with CAPEX and OPEX procurement.

Required Skills

• Strategic Sourcing
• Vendor Development & Management
• Contract Negotiation
• Tendering & BOQ Analysis
• Cost Optimization & Value Engineering
• Procurement Planning
• ERP/SAP/Oracle Procurement Systems
• Inventory Management
• Strong Commercial Acumen
• Excellent Negotiation and Communication Skills
• Advanced MS Excel & MIS Reporting

Preferred Industry Background

• Real Estate Developers
• Hospitality Groups
• Luxury Hotels & Resorts
• Mixed-use Development Projects
• Construction & Infrastructure Companies

Key Performance Indicators (KPIs)

• Annual procurement cost savings
• Vendor performance and compliance
• On-time procurement and delivery
• Procurement cycle time
• Inventory optimization
• Contract compliance
• Budget adherence
• Stakeholder satisfaction