- To procure material at most competitive prices and help reduce/ hold product cost so as to improve profitability.
- To ensure right quality of material in accordance with quality standard.
- To ensure availability of Direct Material at all manufacturing locations, without any loss of production
- To maintain cost effective inventory with least lead time and without compromising production schedules.
- To ensure sound process for selection and evaluation of suppliers, maintain and nurture supplier relationships to get best possible cost advantage in comparison to other companies.
- Develop, Implement & Monitor Right Procurement Strategy to ensure sourcing of right quality material at optimum price with shortest possible lead time.
- To develop new competitive sources of direct material to take cost advance, create competitive workplace and to reduce dependency on few sources.