
Director of Purchasing | Luxury Hotel | Beverly Hills
Permanent
1 month ago
The Director of Purchasing and Procurement is a key leadership role responsible for overseeing the strategic sourcing, procurement, and supply chain management activities for the hotel. This individual plays a critical role in ensuring the hotel's operational efficiency, cost-effectiveness, and adherence to quality standards by effectively managing the acquisition of goods and services.
Job duties include; although are not limited to:
- Develop and implement a comprehensive purchasing and procurement strategy aligned with the hotel's overall goals and objectives.
- Identify and evaluate potential suppliers, negotiate favorable terms, and establish contracts to secure a reliable and cost-effective supply chain.
- Monitor market trends, industry best practices, and regulatory requirements to make informed decisions on purchasing strategies.
- Collaborate with department heads and stakeholders to understand their specific procurement needs and requirements.
- Lead a team of procurement professionals, providing guidance, coaching, and performance evaluations to ensure optimal performance.
- Establish and maintain relationships with key suppliers, fostering long-term partnerships that support the hotel's success.
- Oversee the procurement process, from requisition to delivery, to ensure timely and accurate fulfillment of orders.
- Monitor inventory levels and optimize stock management to prevent overstocking or shortages while minimizing carrying costs.
- Develop and implement cost-saving initiatives, such as bulk purchasing, vendor consolidation, and negotiation of favorable terms.
- Maintain accurate procurement records and generate reports for management review, highlighting cost trends, savings, and supplier performance.
- Ensure compliance with ethical and legal procurement practices, including vendor due diligence and adherence to applicable regulations.
- Implement sustainable and environmentally responsible procurement practices where feasible.
- Manage the budget for the purchasing and procurement department, ensuring financial targets are met.
- Stay informed about emerging trends and technologies in procurement and supply chain management and assess their potential impact on the hotel's operations.
- Provide leadership in fostering a culture of continuous improvement within the purchasing and procurement department.
REQUIREMENTS:
- Bachelor's degree in Business Administration, Supply Chain Management, or a related field. Master's degree is a plus.
- Proven experience (3-5 years) in a senior level purchasing and procurement role within the hospitality industry or a related field.
- Strong negotiation skills and the ability to build and maintain effective supplier relationships.
- Solid understanding of Birchstreet procurement software and systems.
- Excellent analytical, problem-solving, and decision-making abilities.
- Accounting knowledge or background would be ideal
- Exceptional leadership and team management skills.
- Detail-oriented with strong organizational skills.
- Effective communication and interpersonal skills.
- Proficiency in Microsoft Office Suite.
- Prolonged periods of sitting at a desk and working on a computer.
- Prolonged periods of standing
- Must be able to lift 15 pounds at times.
BENEFITS:
- Competitive Salary
- Medical/Dental/Vision Insurance
- Company matched 401(k) plan
- Company matched Health Savings Plan
- Flexible Spending
- Paid Holidays
- Paid Time Off
- Paid Sick Leave
- Employee Assistance Program
- Parking
- Employee Recognition Programs
- Colleague meals
- Colleague Referral Incentive program
- EOE
1 month ago
147 Views
39 Applicants
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Job Information
Offered Salary
$100,000 - $125,000
Industry
Hospitality