Setting up the weekly, monthly, quarterly procurement plan.Procurement of raw materials from national & international market. Development of alternative local sources for imported raw materials which helps in cost saving.
Purchasing machines with improved technology to increase Planning & budgeting of purchase functions, involving cost estimation, contract negotiations.
Inviting & allotting tenders.
Liaison with the production department to maintain optimum inventory.
Implementing systems to avoid situations like over-stocking or out-of-stock which causes production & financial losses.
Liaison with finance department for timely payment of bills.
Developing reports procurement & usage of material for top management