Qualifications
Responsibilities
Benefits
DUTIES AND RESPONSIBILITIES:
o Develop product vision, strategy, and roadmaps for the product/product line to align with company goals.
o Define and create product roadmap.
o Translate and align business strategy into product strategy.
o Manage the development of product lines and evaluate rationalized models.
Market Trends and Pricing
o Develop market insight through the voice of customer research, in-depth competitive analysis, and market segmentation.
o Perform competitive benchmarking and market share/trend analysis.
o Develop and foster customer relationships with the knowledge they will participate in market research and provide feedback on early prototypes.
o Gather, analyze, and prioritize user feedback; prioritize features, and define requirements to address customer needs.
o Identify customer needs and translate them into product opportunities.
o Lead price strategy and implementation process for assigned portfolio, including managing the distributor programs for North America and Europe.
Product Lifecycle: Product Planning and Prioritization
o Collaborate with engineering, design, and marketing teams to define and implement product strategiesto build and launch products.
o Translate product strategy into detailed requirements for prototype construction and final product development. Drive the development process by setting timelines and project managing.
o Provide critical information and guidance as it relates to the 4-Ps (Price, Product, Promotion, Place).
o Provide input for marketing collateral and product positioning
o Plan and execute global product launches in collaboration with key stakeholders. Manage activities related to bringing the product to market i.e., messaging, positioning, and training materials.
o Conduct 8020 product analysis and develop product line plans to address opportunities for portfolio simplification and strategic pricing.
o Manage and drive the entire product lifecycle to include strategic planning, tactical activities, and addressing customer feedback and issues.
Performance Monitoring and Optimization
o Track product performance using KPIs and analytics.
o Manage product line revenue, margin, pricing, and investment.
o Analyze and report key performance metrics like sales data, user engagement, and customer satisfaction to understand product performance.
o Monitor metrics that measure the success of products, product improvements, feature prioritization, and product future.
o Gather feedback from initial users to validate the product before a wider launch.
o Consistently seek opportunities to improve the product based on user feedback and market changes.
o Drive 80/20 complexity reduction across the product lines including product rationalization.
o Drive margin expansion for the Product Line by working with Operations and/or Supply Chain to drive cost reductions (PPV), Engineering to drive VA\VE projects, and finally with Commercial on pricing.
KNOWLEDGE, SKILLS, AND ABILITIES:The requirements listed below are representative of the knowledge, skills, and abilities required to perform this job successfully.
Ability to recognize value sell opportunities and create sales tools to support the field; ability to understand and demonstrate technical products.
Experience working with competitive pricing and promotions with manufactured products.
Industrial products experience preferred.
Strategic and user-centric mindset with the ability to identify growth opportunities.
Robust problem-solving methodologies and proven critical thinking ability.
Demonstrated knowledge in product management tools and data analysis tools.
Experience withcross-functional team leadershipand working with engineering, design, and marketing teams.
Strong communication and presentation skills.
Intermediate to advanced knowledge of Excel, Word, PowerPoint required.
EDUCATION AND EXPERIENCE:
KEY COMPETENCIES:
To perform the job successfully, an individual should demonstrate the following competencies:
Safety and Security: The individual actively promotes and personally observes all safety procedures. The individual complies with Environmental, Safety, and Hazardous Communications requirements.
Ownership Mentality: The individual demonstrates full accountability for assigned product lines and business objectives. They take ownership of results, make informed decisions, and have a high say-do ratio. They fill in the gaps when there is no clear owner and drive their portfolios success as the ultimate owner of performance.
Initiative: The individual proactively identifies opportunities, risks, and areas for improvement, taking action without waiting for direction. They anticipate business needs, drive projects forward, and demonstrate a continuous improvement mindset to achieve growth and operational objectives.
Operational Excellence: The individual is dedicated to providing organizational systems for measuring work. The individual seeks to reduce variances in organizational processes.
Interpersonal Skills: The individual remains open to other ideas and exhibits a willingness to try new things.
Relationships with Others: The individual works effectively with others, including superiors and colleagues. The employee exhibits a professional manner in dealing with others and works to maintain constructive working relationships.
Problem Solving: The individual participates in the continuous improvement process by attending meetings and presenting problems and possible solutions to the appropriate personnel.
Communication and Contact: The individual communicates effectively both verbally and written with superiors, colleagues, and individuals inside and outside the Company.
Planning/Organizing: The individual prioritizes and plans work activities, uses time efficiently, and develops realistic action plans.
Quality Control: The individual demonstrates accuracy, thoroughness, and monitors their own work to ensure quality. The individual delivers the highest quality products that meet the requirements of internal and external customers.
Adaptability: The individual adapts to changes in the work environment, manages competing demands and is able to deal with frequent change, delays, or unexpected events.
Dependability: The individual is consistently at work and on time, follows instructions, responds to management direction, and solicits feedback to improve performance. The individual completes all duties as assigned, trains as required, and rotates into other departments as required.
Total Rewards
The compensation range for this position is $97,000.00 - $145,400.00, depending on experience. This position may be eligible for performance based bonus plan.Benefits Package
Our comprehensive U.S. benefit offerings include: Health benefits, 401(k) retirement savings program with company match, PTO, and more. More information on our benefits and rewards can be found on our career page:https://www.idexcorp.com/careers/our-benefits-and-rewards/
This posting is for an existing vacancy.
Artificial intelligence is not used to screen, assess or select applicants.
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