 Sourcing/Procurement – Handling sourcing through identification of cost effective Suppliers for procurement with an aim of improving quality & reliability. Budgeting funds for procurement & sourcing of materials ensuring optimum utilization of materials & maximum cost saving. Contract Negotiation – Identifying products which contribute to 80% value in the annual revenue & placing annual contracts for the annual quantity aiming for substantial reduction in the raw material cost.  New Vendor Development – Identifying new quality vendors to develop alternate sources for existing products & also to achieve cost reduction