Objectives:

The objectives of purchasing can be outlined as follows:

1. Maintaining continuity of supply.

2. Maintaining quality standards.

3. Avoidance of duplication, waste and obsolescence.

4. Maintenance of company’s competitive position.

5. Developing alternative sources of supply.

Functions:

1. Evaluation of bids & proposals, purchase orders preparation, routing and approval as per the company policies.

2. Vendor evaluation, selection and identification of reliable sources of supply capable of rendering delivery as needed at the most economically favorable terms.

3. To prepare the procurement plan and material budget.

4. Coordination with departments: Planning, QC/QA, finance & customs clearance.

5. To Import materials from foreign countries and also procurement from local suppliers.

6. To keep records of packaging materials artworks.