Procurement Executive

Job Description

JOB DESCRIPTION : PROCUREMENT EXECUTIVE COMPANY DESCRIPTION Om Electronic Corporation is a leading distributor of semiconductors and electronic components, headquartered in Mumbai, India. We are dedicated to fueling technological advancement with our exceptional range of high-quality products and unparalleled service. With our deep industry knowledge and extensive network of world-class manufacturers, we provide a comprehensive selection of electronic components that are both reliable and high-performing. Rooted in Mumbai, India, and connected globally, Om Electronic Corporation blends local expertise with an expansive network to deliver the most advanced and effective technology solutions. ROLE DESCRIPTION We are seeking a detail-oriented and proactive Procurement Executive to join our growing operations team. The ideal candidate will be responsible for vendor sourcing, price negotiations, supporting the sales team with timely and competitive quotes, and maintaining strong supplier relationships. This role is vital to ensuring efficiency in our procurement cycle and enabling cost-effective and timely component sourcing. LOCATION : Mumbai EMPLOYMENT TYPE : Hybrid KEY RESPONSIBILITIES Vendor Management & Sourcing: Obtain quotes from both authorized and independent vendors for semiconductors and electronic components. Evaluate vendor capabilities, reliability, and pricing structures. Identify and onboard new suppliers to diversify the vendor base. Pricing & Sales Support: Provide accurate and timely pricing to the sales team for RFQ submissions. Track price trends and ensure cost optimization while maintaining quality standards. Review and update vendor pricing databases regularly. Negotiation & Relationship Building: Negotiate payment terms, lead times, and commercial terms with suppliers. Build long-term relationships with key vendors to ensure consistent supply and service levels. Resolve vendor-related issues and escalate critical challenges when necessary. Reporting & Coordination: Coordinate with internal teams to align procurement schedules with project timelines. Maintain procurement records, vendor information, and documentation for audits. Report directly to the Chief Operations Officer with weekly procurement summaries and insights. QUALIFICATIONS & SKILLS Education: - Bachelors degree in Electronics, Supply Chain, or Business Administration. Experience: - 2 to 5 years of experience in procurement or sourcing, preferably in the electronics or semiconductor industry.