Hospitality Purchasing Managers’ Forum (HPMF) is a consortium of like minded purchasing managers from the hospitality industry representing star hotels, catering companies, stand-alone restaurant chains and a airlines. It believes in power of networking and sharing of work experience with each other.
The Indian hospitality industry has been rapidly evolving since last two decades and has witnessed a spurt in the number of domestic and international players entering the market with ambitious and world class projects. This has resulted in quantitative and qualitative needs which are far more complex than before. Today, the hospitality procurement industry is pegged at an annual figure of US $10 billion dollar. But considering the sustained economic development and an impressive GDP ratio of India, the hospitality procurement needs are expected to grow by leaps and bounds in the coming years. The hospitality procurement is not only scattered but needed some reference body to assist them at every stage. There were no formal education institutes or bodies to assist, and every one working in their organizations were working in xylose!
Accordingly, purchasing managers came together and formed Hospitality Purchasing Managers’ Forum (HPMF).
HPMF is optimistic of a possible savings opportunity of 10% and it plans to achieve this by organizing the hospitality industry and streamlining the procurement process. A non-profit organization registered with the Charity Commissioner’s office, HPMF is first of its kind milestone in India which aims to provide a platform for buyers from hospitality industry.