Setting up the daily, weekly, monthly, quarterly procurement plan., Procurement of raw material from national market., Development of alternative local sources for imported raw materials which helps in cost saving., Purchasing machines with improved technology to increase production., Planning and budgeting of purchase functions, involving cost estimation, contract negotiations., Liaison with the production department to maintain optimum inventory., Implementing systems to avoid situations like over-stocking or out-of-stock which cause production and financial losses., Liaison with finance department for timely payment of bills., Developing reports on procurement plan and usage of material for top management., Make monthly MIS Report., Effective management of vendor database., ABC classification of vendors on the basis of criteria like cost, quality, timely delivery etc., Vendor development through the supplier selection tools., Development of new vendors., Conducting trainings for vendors to educate them about company's requirements and help them in improving their performance., Evaluating vendors & negotiating the price, delivery schedule and terms and conditions with them., Timely clearance of payments & handling vendor inquiries., Running programs to evaluate vendors based on the feedback from internal stake holders., Developing reports on various programs run for vendor development for top management., Maintaining the stock of material without any variance by conducting stock verification and documentation., ABC analysis, help to control inventory., Implementing Standard Operating Procedures with vendor., Regularizing material receipts and ensuring the fluidity of stocks from vendor to stores.