1. Procurement Management:- Identify, evaluate, and select reliable suppliers/vendors for materials, equipment, and services.- Procure raw materials, components, and consumables required for production promptly and cost-effectively.- Ensure inventory levels are maintained to avoid production delays while minimizing carrying costs.2. Vendor Relations:- Develop and maintain strong relationships with vendors to secure the best terms.- Monitor supplier performance based on quality, cost, and delivery standards.- Resolve supplier issues and disputes promptly.3. Cost Optimization:- Negotiate pricing, payment terms, and contracts with suppliers to achieve cost savings.- Identify opportunities for bulk purchases or long-term contracts to reduce costs.4. Quality Assurance:- Coordinate with the quality assurance team to ensure procured materials meet required specifications.- Handle returns or replacements of defective goods.5. Documentation & Reporting:- Prepare and manage purchase orders, contracts, and other procurement documentation.- Maintain accurate records of supplier contracts, pricing, and procurement history.- Generate reports on procurement activities, cost savings, and supplier performance.6. Compliance & Policies:- Ensure all procurement activities comply with company policies and legal requirements.- Stay updated on market trends, supply chain developments, and regulatory changes.