Job Description:Vendor Identification Floating enquires to different vendors and making comparative statements. Negotiating with suppliers for quality, cost and deliveries and preparation of cost Comparison statements. Negotiating the terms of credit. Processing purchase requisition, day to day co-ordination with production, Engineering, Quality, and planning. Identification of all requirements in purchase requisition issued by engineering department Ensuring right materials received as per procurement and planning. Developing new vendors as per predefined procedures. Keep a track record of order placed and follow up for the material up to reach in time. Initiate cost savings/reductions by price negotiations & Value Engineering, Identifying and selecting the most cost effective vendor/suppliers base for cost effective procurement Ensure smooth flow of inventory and keep coordination with stores. Unrolling Analysis of Price Proposals and the Financial Reports of the Company Reviewing of Unrolling Contracts Collaboration with Team Members for Meeting the objectives/Targets of the department Preparation of MIS reports in line with the requirements of the dept.