Product Development Manager
1 week ago
We are looking for Product Development Manager to lead our New Product - Drinkware. You will have the opportunity to work for a company that specializes in Promotional Products. By joining our dynamic team, you will have the chance to be a key player in the future success of our Business and its continued growth. The company is accessible by public transportation, you will be welcomed in a warm and relaxed work environment where the management style is open and participatory. The company's success is based on values such as innovation, collaboration, intrapreneurship, and integrity.
**Responsibilities**:
- Serve as product expert by analyzing product requirements, costs, & customer willingness to pay (pricing and elasticity); performing technical & business analyses; and conducting return on investment (ROI) analyses.
- Achieve product line results: revenue growth targets, market share, and margin targets.
- Create product strategy and action steps to achieve the category objectives set forth by management.
- Confirm strategies and action steps are consistent with marketing data and analyses to increase likelihood of market acceptance and attainment of fiscal targets.
- Ensure product initiatives are aligned with corporate objectives.
- Establish clear, market-driven roadmaps for the category that clearly communicate the unique selling proposition / solution using environment and voice of the customer methodologies.
- Develop and manage the business case and ROI for the assigned product(s) to enable goal(s) attainment.
- Specify and produce market requirement definitions for assigned products.
- Conduct market research on competitors and with customers, prospective customers, channel partners, sales.
- Ongoing: continuously update & maintain market knowledge.
- Work with multi-functional internal teams to design, develop, price, position and commercialize new product introductions.
- Own and drive the product launch process on behalf of line of business owners: track and communicated progress, manage launch costs, support sales / channel requirements, align with reliability goals and set up warranties and other product-related requirements and/or services that are necessary for product launch.
- Own the role of Internal/External Product Champion, including being the one primary point of contact for information on the product, target market and competition.
- Provide product-specific training for customers, the sales force, product support groups, and channel partners.
- Explore and analyze strategic partnerships and alliances for assigned category.
- Coordinate with marketing to develop all necessary promotional tools and product collateral to assure a consistent "on-target" presentation and product communication.
- Conduct regular analyses of product(s) to manage the full life cycle and maximize value to the market, customers, and Spector & Co.
- Proactively communicate with senior management about assigned category and product(s).
- Provide a leadership role for the new and existing product proposals.
The above list of essential duties is not exhaustive. It defines some of the main responsibilities. An employee may be required to perform additional tasks not listed above.
Skills and qualifications:
- 5-7 years’ experience (business to business) in product management, product development, or product marketing.
- 3-5 years’ experience developing products with a preference for corporate accessories or retail markets.
- Preference for value-based pricing experience.
- Familiar with the NPI process (new product introduction)
- Interest in Promotional and branding
- Bachelor’s degree relevant discipline
- Ability to write & analyze reports, business correspondence
- Strong ability to effectively communicate and influence groups and individuals, both internally and externally using presentations, computer / voice communication, and other communication / media formats.
- Excellent grammar and language skills, fully bilingual.
- Master of the MS Office suite
- Great autonomy
- knowledge of overseas manufacturing & production is preferred
**About Us**
Spector and Co. is a leading North American supplier of promotional products for over 70 years. Employing approximately 320 office and factory production staff. Spector & Co. ships from its modern 140,000 square foot facility and offers over 500 products: including writing instruments, journals, tech, travel, and business accessories, along with its newest categories, Ashbury Bags, Scribl books and Ora drinkware. All promotional products are decorated with their state-of the-art branding techniques.
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