Position Summary The Product Line Manager will lead & develop the product strategy and executable product roadmaps to deliver sustainable growth and margin expansion for a defined product line within the Division's Bioscience portfolio.
Scope/Supervision and Interaction:
Directs a focused strategy for assigned product lines (product, promotion, pricing, and channel) within the Bioscience portfolio. The role requires strong leadership, drive and ability to guide and influence externally and internally within a matrixed organization. Actively participate with cross functional teams including engineering, supply chain, sales and production to manage entire product life cycle and maintain customer satisfaction and business objectives. Track key business performance indicators to identify and execute necessary countermeasures to achieving business/market goals to overcome obstacles or changes in market dynamics. This position does not have direct reports.
Responsibilities- Responsible for leading multiple product lines (product, promotion, pricing, and channel) within the Bioscience portfolio of products to drive sales and margin expansion
- Monitors sales and margin results and tracks and recommends appropriate actions
- Develop and manage the product portfolio strategy
- Lead the multi-generational product roadmap development process in line with division strategic Plans is fully integrated in the Winovation stage gate process to support innovative concept ideas in formulating new product development processes. Defining customer requirements/needs and government & regulatory standards.
- Support Global Product Platforms
- Ownership of the product life cycle Management of the product portfolio
- Complexity analysis & reduction
- Manage product end-of-life cycle
- Apply POP (Parker Operating Principle)
- Support Simple by Design
- Participate in the development and implementation of appropriate response strategies. - Develops and leads IME strategies (existing product innovations/modifications/extensions).
- Develop product value propositions and be accountable for new product launches
- Investigates market needs for innovative products and works with Engineering to appropriately prioritize product development efforts for the product line.
- Support Customer Segmentation
- Conducts market research through trade associations, internet investigation and corporate services.
- Monitors competitors' position, action and products
- Maintain product literature, catalogs, technical bulletins, etc.
- Manage competitive Cross-Over
- Attend customer visits, sales conferences, trade shows, as required.
- Attract, develop, & retain talent within the product manager function (Senior PM Only)
- Other responsibilities as assigned.
Qualifications QualificationsEducation, Credentials and Previous Experience:
• Strong analytical skills
• Four-year degree, preferably in Engineering, Engineering Technology or Business discipline. MBA desired.
• Minimum Four (4) years product management experience
• Strong computer skills (Microsoft Office Applications, Salesforce)
• Strong verbal and written communication skills
• Demonstrated ability to organize and manage multiple priorities using effective problem solving / resolution
skills and a team focus
• Travel up to 25%
Key Performance Indicators (KPI):
• Sales and Gross Margin/Net Manufacturing Margin for product portfolio
• Product Portfolio Complexity & Simplification
• Simple by Design Savings / Product Cost Out
• Aged and Obsolete Inventory for product portfolio
• New Product Launch Performance to Business Case
• Sale Price Index (SPI) - mature / End of life (EOL) products
• Product Vital index
Technical Depth and Breadth:
• Learn and maintains required skill and proficiency to successfully accomplish full job responsibilities; willingly
takes on new assignments.
Problem Solving and Analytical Skills:
• In coordination with team members, initiate contact with other support groups to resolve problems.
• Apply structured problem-solving skills to help drive improvement activities, Lean and Kaizen projects, HPT
and TIB meetings.
• Provide suggestions for improvement.
• Consistently open to change and new ideas.
• Application and knowledge of pareto charts, 5Y, Fish Bone Diagram and 10 Step Problem Solving.
Teamwork and Interpersonal Skills:
• Dependable, prompt and reliable with good overall attendance.
• Demonstrate ability to get along with others; behave professionally; treat all coworkers with respect and
dignity consistent with Parker Values and Code of Conduct.
• Actively participate; gain cooperation and trust; and deal with conflicts effectively.
• Builds and leverages strong relationships beyond the Sales and Marketing department to accomplish team
goals.
Communication/Contact with Others:
• Keep others informed, provide accurate and timely feedback, communicate clearly, listen and be receptive to
feedback.
• Able to lead teams, facilitate meetings, and present team results.
Physical and Mental Demands:
With or without reasonable accommodation:
• Physical: Sit, stand, walk short distances, lift up to 25 lbs occasionally, use hands to operate a computer,
keyboard, and telephone, have close vision for computer work.
Mental: Learn and apply new software, remember processes, maintain focus, communicate effectively, make
timely decisions, work independently.
• Use of Personal Protective Equipment as required, may include safety glasses, safety shoes, hearing
protection, and/or any other equipment deemed necessary.
Pay, Benefits, Work Schedule Competitive Compensation- Pay Range: $102305 to $170240 annually
- Participation in Annual Incentive Program
Benefit & Retirement Plans Parker offers competitive benefit programs, including:
- Comprehensive coverage for medical, prescription drugs, dental, vision, voluntary optional life, accident insurance, hospital indemnity insurance and critical illness insurance with competitive premium cost.
- 401(k) Plan with company matching contributions at 100% of the first 5% of pay.
- Company provided defined-contribution retirement plan with annual contribution equal to 3% of pay.
- Career development and tuition reimbursement.
- Other benefits including paid parental leave, short and long-term disability programs, adoption assistance, a Care.com membership and financial planning assistance are provided at no cost to you.
- Supplemental benefit programs including identity protection, legal protection, and pet wellness are available at competitive rates.
- Paid Time Off and Company-Paid Holidays.
