Product Development Associate

4 weeks ago

Markham, Ontario, Canada PET VALU Full time

About the Role

This exciting opportunity is to monitor the product development process to ensure timely delivery of new products and updates to existing products. As an Associate Product Manager, you will support the development of product plans and work closely with the Product Manager to own end-to-end product launches from ideation through commercialization. This customer-obsessed role will utilize data to identify new product development opportunities to improve sales, penetration, and profitability.

Key Responsibilities

Product

  • Help identify and develop new Private Brand opportunities and line extensions.
  • Responsible for master label copy creation.
  • Support the PM in developing a strategic product plan that meets or exceeds category financial objectives.
  • Act as a liaison between the project team and design team.
  • Support the PM in chairing kick-off meetings to ensure team alignment to the project strategy.
  • Manage product adherence to brand positioning, brand guardrails, and customer value proposition to drive brand loyalty and equity.
  • Assist in developing rationale and business cases for new product development, including financial feasibility, supplier selection, product and packaging features, sales projections, pricing recommendations, marketing, merchandising, and promotions.

Project Management

  • Develop project timelines.
  • Monitor the development and execution process to ensure on-time and on-strategy delivery of new products and updates to existing products.
  • Manage the critical path for all active projects and report on project status.

Vendor Management

  • Support the PM in chairing project kick-off meetings with the vendor/sourcing agent.
  • Develop vendor-specific timelines and communicate all necessary information to the vendor.

Collaboration

  • Assist and capture meeting minutes during bi-weekly category management meetings.
  • Chair weekly team meetings to review project status and develop solutions to barriers/project delays.
  • Work with Category Managers and Associate Category Managers to understand category strategy and set product strategies and roadmaps to maximize private label penetration, market share, sales volume, and profitability.
  • Participate in department meetings to develop strategies, troubleshoot, and pursue innovative items, ingredients, and packaging ideas.
  • Develop strong working relationships with key stakeholders, including Category Management, Supply Chain, Allocation, and Marketing.

Reporting

  • Utilize financial and management information systems to monitor sales results and other reporting as required.

Requirements

  • Well-developed project management skills.
  • Strong time management skills and problem-solving skills.
  • Strong work ethic with a passion for detail and accuracy.
  • Private Brands experience with a retailer is a plus.
  • Excellent interpersonal and communication skills, both oral and written.
  • Adept at working cross-functionally and collaboratively.
  • Comfortable in a fast-paced environment.
  • Willingness to roll up sleeves and get things done.
  • Strong analytical skills an asset.
  • Ability to multi-task and prioritize with a high sense of urgency.
  • Possess the ability to connect with the merchandising organization and convert opportunities into practical business strategies.
  • Proactive thinker and doer – anticipate issues before they arise, with a strong pride of ownership to see projects through end to end.
  • Relevant post-secondary education.

Competencies

  • Customer Focus
    Is dedicated to meeting the expectations and requirements of internal and external customers; gets first-hand customer information and uses it for improvements in products and services; acts with customers in mind; establishes and maintains effective relationships with customers and gains their trust and respect.
  • Business Acumen
    Knows how businesses work; knowledgeable in current and possible future policies, practices, trends, and information affecting their business and organization; knows the competition; is aware of how strategies and tactics work in the marketplace.
  • Planning
    Accurately scopes out length and difficulty of tasks and projects; sets objectives and goals; breaks down work into the process steps; develops schedules and task/people assignments; anticipates and adjusts for problems and roadblocks; measures performance against goals; evaluates results.
  • Problem Solving
    Uses rigorous logic and methods to solve difficult problems with effective solutions; probes all fruitful sources for answers; can see hidden problems; is excellent at honest analysis; looks beyond the obvious and doesn't stop at the first answers.
  • Drive For Results
    Can be counted on to exceed goals successfully; is constantly and consistently one of the top performers; very bottom-line oriented; steadfastly pushes self and others for results.

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