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Manager, Product Management
7 months ago
Position Summary
At Samsung Electronics Canada, we take pride in the creativity and diversity of our talented people - they are at the forefront of everything we do. Their skillset and mindset drive our continued success. We want the best of the best at Samsung to join our team, not just those who fit into our Culture but those who will ADD to our Culture and make Samsung an even better place to work.
Did we catch your attention yet?
If you want to work for one of the most recognized brands in the world and one of the Top 100 Employers in Canada...and have a ton of fun. then please keep reading
Our Perks:
- Hybrid Working Environment
- Competitive Salary and Performance based incentive plan for all levels
- Employer paid Medical and Dental coverage from day one
- Group RRSP plan that helps you save for the future
- Fantastic employee discount on all Samsung products
- Free on-site gym to get your sweat on
- Subsidized Cafeteria; including free Starbucks coffee/latte machine
- Tuition Reimbursement to keep you learning/Access of Samsung U for 24/7 online learning
- Employee Referral program
- we want great talent like you
- Pet insurance-to ensure the well-being and health of your beloved furry companions
The incumbent is responsible to drive the product related business decisions over the life cycle of the product. This includes total ownership of driving product strategy into the market and absolute owner for Monthly Sales Targets and Profitability of the product. The incumbent will be a liaison between Sales, SCM, Service and Channel for all product related matters.
Role and Responsibilities
- Drive product-related business decisions for the Samsung Canada over the product life cycle relating to MARCOMM, Finance, SCM and interfacing with HQ. This includes product line-up strategy, customer collaboration and promotion planning, product launches, product training, collaboration on merchandising and displays channel distribution strategy, price positioning, market share analysis, Forecasting (CMF & 3MF), inventory management, market-share analysis and market research, management planning, go-to-market and channel distribution strategy, target demographic and verticals.
- Drive collaboration and ideation with the sales team throughout the product lifecycle from sku line up assortment, launches, and in conjunction with Channel Manager on channel distribution, and transition / EOL management.
- Monitoring of key accounts with a primary focus on sell-out and WOS to gauge how the short and mid-term objectives are progressing and provide corrective action plans to capitalize on market trends and opportunities and mitigate challenges. In addition provide clarity as to the business rationale, and product strategies to support business growth.
- Daily and weekly communication with HQ (incl. conference calls) to deliver on category objectives.
- Build relationships with US counterparts to learn and share best practices.
- Accountable on category financials including P&L of product line, forecasting, price band simulations, monitoring of historical trend, actual vs. management plan and target, partners programs, makes decisions factoring ROI and overall sku/category objectives. Utilize profit simulation models (including impact from a trade spend/sales deductions and COG) to evaluate specific customer opportunities and provide rationale for proposed decisions to reporting manager.
- Manages all partner programs (front and back-end), price setups, promo submissions, marketing and merchandising initiatives, etc., that require approvals.
- Forecasting of market size, segments and share to ensure divisional strategic KPI objectives are met.
- Presents monthly promotional plans and gets signoff for from reporting manager.
- Align with reporting manager on all pricing related matters throughout product lifecycle management.
- Review channel and market feedback from and factor into product category strategy
- Holds accountability on PM forecast and works with SCM on AP2 planning to achieve objectives on financial plans, weekly sales target, weekly PSI and clear aging inventory.
- Prepare and present quarterly business reviews and category business strategy presentations on financials (includes historical data, actuals vs. management targets, YoY performance, achievement rates, market-share by sub-category, sku and category level profit simulation, etc.), roadmap and readiness on new launches, channel distribution strategy, promotional plans, marketing and merchandising initiatives, etc.
- Ensure products are positioned to achieve category strategic objectives via market sensing and competitive landscape analysis. In addition communicate any potential gaps and make recommendations to adjust product positioning and plans accordingly.
- Complete various category and ad-hoc reporting and special projects within set deadlines.
- Presents during internal GTM meeting and works with all stakeholders on product launch strate
