- Analyzing the Purchase requisitions / Material requirement
- Budget Analysis & Formulating the budget
- Defining the sourcing strategy
- Requirement planning & forecasting
- Sourcing
- Controlling cost
- Risk Management
- Creating / Circulating RFI / RFQ
- Arranging the quotations & Comparisons
- Contract negotiation with favorable terms & conditions
- Vendor Management, Evaluation
- Preparing the Procurement MIS
- SAP MM
In addition to the above, support for the many other core services like administering supply chain functions, supply planning, and logistic operations (inbound, warehousing, outbound), Releasing procurement guidelines & policy to set up the procurement department will be provided.