Position Summary The Product Manager directs a focused strategy for a single product line (product, promotion, pricing, and channel) for a portfolio. This role requires strong leadership, drive and ability to guide and influence externally and internally within a matrixed organization. This role 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. The Product Manager will track key business performance indicators to identify and execute necessary countermeasure to achieving business/market goals to overcome obstacles or changes in market dynamics.
Responsibilities -Responsible for the product line (product, promotion, pricing, and channel) for a defined 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
- Supports Winovation new product development process
- 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
- Participates 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, etc. as required.
Qualifications- Four-year degree, preferably in Engineering, Engineering Technology or Business discipline; MBA desired
- Minimum Six (6) years product management experience required
- Minimum Four (4) years of managerial / leadership experience managing product
- Strong computer skills (Microsoft Office Applications, Salesforce); SAP experience desired
- Strong verbal and written communication skills
- Strong analytical skills
- Demonstrated ability to organize and manage multiple priorities using effective problem solving / resolution skills and a team focus
