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1. Ensure proper system of reviewing stocks & monitoring reordering levels at all manufacturing locations
2. Manage assured & uninterrupted supplies of RM & PM
3. Ensure that Procurement plans & schedules are correctly derived from the Sales forecast & BOM
4. Keeping total vigilance on the market for exploring the right time of buying, spot purchases & maximum procurement at the most beneficial price
5. Plan strategy for negotiation based on various parameters viz. value engineering, international trend, demand supply etc
6. Aim at significant reduction in procurement price through effective negotiations, market intelligence, reverse auctions, etc
7. Exploring new ideas and concepts for cost saving by means of outsourcing, optimized packing, reducing freight cost, etc
8. Vendor development in domestic & international market, which includes selecting the right vendor, quality establishment, finalizing all the commercial terms & conditions & contracting for long term, either with a fixed or variable price, after working out the market dynamics & benefits
9. Review agreements / MOU’s & suggest amendments aimed at long term benefits
10. Design reporting models to the management on Purchase performance, cost savings, purchase standardization across sites & overall performance vis-a-vis budgeted on a monthly, quarterly & yearly basis
11. Ensure that the manuals are updated & upgraded for information
12. Streamlining SAP and ensuring its smooth functioning
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