This involves analyzing different ways and best practices to reduce the procurement costs of various categories required, thereby achieving significant cost savings to the company., Track Supply/demand & price trends of raw materials, E-sourcing & Reverse Auctions, Spend Management, Price negotiation with Suppliers and Contract Management, Primary Research & Secondary Research, Absolute best cost (ABC) analysis, PEST & SWOT analysis, Porter's five force analysis, Magic quadrant diagram, Competitive intelligence, Forecast of supply-demand-price for commodities/products/services, Financial risk modeling of critical suppliers which may be private or public firms., Ratio analysis, SWOT analysis and Z-score analysis., IMS, D&B, Factiva, Bloomberg, ICIS, RISI, Polymerupdate, CMAI, Reuters, EIU, Plastic news, metal prices, asianmetals, base metals, Hands on experience in Price forecasting by Linear & multiple regression, time-series analysis, moving averages using MS Excel.