Ridhira Group - Manager - Procurement & Retail (8-12 yrs)

Job Title: Pre-Opening Procurement & Retail Manager.

Location: Nanakaramguda, Hyderabad.

Company: Ridhira Living Pvt Ltd.

Industry: Hospitality, Real Estate & Retail.

Job Summary:

- The Pre-Opening Procurement & Retail Manager will oversee the procurement strategy for hospitality and real estate projects while also managing retail operations for pre-opening phases.

- This role involves sourcing, vendor management, cost control, and logistics for FF&E (Furniture, Fixtures & Equipment), OS&E (Operating Supplies & Equipment), construction materials, and retail merchandise.

- The candidate will be responsible for setting up retail supply chains and ensuring timely procurement and inventory management for the project launch.

Key Responsibilities:

Procurement Management:

- Develop and implement the pre-opening procurement strategy to ensure all necessary supplies, materials, and equipment are available on time.

- Source and negotiate contracts for FF&E, OS&E, construction materials, and operational supplies.

- Identify and onboard trusted vendors, suppliers, and contractors specializing in hospitality and real estate.

- Ensure all procurement activities comply with company policies, budgets, and project timelines.

- Work with stakeholders to optimize costs while maintaining high-quality standards.

Retail Operations & Merchandise Procurement:

- Develop and implement a retail merchandise strategy, including sourcing vendors for in-house retail outlets (spa products, lifestyle goods, wellness items).

- Identify product categories aligned with luxury hospitality and wellness offerings.

- Establish supplier agreements and ensure seamless retail supply chain management.

- Set up inventory tracking and replenishment systems for retail operations.

- Manage relationships with retail brands, distributors, and logistics providers.

Budgeting & Cost Control:

- Work with finance and project teams to control procurement and retail expenses within the approved budget.

- Analyze procurement costs and identify cost-saving opportunities without compromising quality.

- Track inventory levels and ensure efficient stock management for both project materials and retail goods.

Logistics & Supply Chain Management:

- Coordinate with logistics teams, warehousing, and distribution partners for timely delivery of goods.

- Oversee the transportation, storage, and installation of materials and retail products.

- Develop contingency plans for supply chain disruptions and delays.

Vendor & Supplier Management:

- Conduct supplier negotiations and performance evaluations to maintain cost-effective procurement strategies.

- Ensure supplier compliance with contract terms, quality standards, and service-level agreements.

- Manage vendor relationships to secure long-term partnerships for hospitality, real estate, and retail needs.

Compliance & Contract Management:

- Ensure all procurement activities adhere to legal, environmental, and safety regulations.

- Oversee contract documentation, purchase orders, and compliance requirements.

- Work with legal teams to mitigate risks in procurement and retail agreements.

Cross-Functional Collaboration:

- Work closely with operations, hospitality, marketing, and finance teams to align procurement and retail strategies with business objectives.

- Support the operational teams in handover processes post-opening.

- Provide training and guidance to the retail team for effective store management and product placement.

Required Qualifications & Experience:

- Education: Bachelor's/Master's degree in Supply Chain Management, Procurement, Business Administration, or a related field.

- Experience: 8-12 years in procurement, supply chain, and retail management, preferably in hospitality, real estate, or lifestyle retail brands.

- Strong understanding of hospitality procurement, FF&E, OS&E, and retail merchandise procurement.

- Experience in luxury hotel or resort pre-opening procurement is highly preferred.

- Expertise in cost control, vendor negotiations, and contract management.

- Proficiency in ERP and inventory management software.

- Strong analytical, problem-solving, and team leadership skills.

Preferred Skills:

- Knowledge of sustainable procurement practices and eco-friendly sourcing.

- Strong network of vendors and suppliers in the hospitality and retail industry.