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Product Strategy Specialist

3 months ago

Romeoville, Illinois, United States Magid Full time

What Matters at Magid? YOU do

"The number one key to growth is having good people and that's what has driven us at every stage of the game." - Greg Cohen, CEO

At Magid, we are passionate about keeping workers safe and proud of the innovative and collaborative environment we've created where diversity is celebrated, and growth never stops.

The Product Strategy Specialist plays a key role in helping Magid lead the industry in innovation while offering best-in-class product portfolios. This role works within the Global Product Strategy organization and reports to the Manager of Product Strategy. The Product Line Specialist works on high-profile new product research efforts, prepares performance reports, monitors market pricing and trends, manages product line performance and optimization, and recommends cost savings, rationalization, new products, and other key strategic initiatives.

Responsibilities:

  • Monitor sales trends, customer feedback, market trends and the competitive landscape and present that information to the Product Strategy leadership team to influence the product roadmap and product line strategies.
  • Track product line extensions, buy-to-make conversions, cost savings opportunities, SKU rationalization, product sustainability, and marketing initiatives based on customer needs and wants.
  • Determine product line pricing to ensure competitiveness while maximizing profitability.
  • Develop an annual commodity report for our customers that explains significant cost drivers influencing price adjustments.
  • Prepare reports for executive leadership on product category performance and progress of key initiatives (e.g. cost-savings).
  • Manage the special product request program and use insights to influence product development direction.
  • Support the voice of customer research process which includes conducting extensive on-site interviews and capturing key insights into the market being researched and curate ideas for new products.

Requirements

  • Bachelor's degree in a business, marketing or technical field
  • 3-5 years of experience in a Products research, performance, optimization or strategy based role
  • Excellent verbal and written communication skills
  • Extremely proficient in Microsoft Office Suite or related software programs
  • Extremely organized with great attention to detail and accountability of assigned responsibilities.
  • Ability to solve problems and multi-task in fast paced dynamic environment.
  • Demonstrated ability to exercise influence without direct authority.
  • Demonstrated ability to collaborate effectively at multiple organizational levels to gain and share valuable insight.

PLEASE NOTE:

You must be LOCAL to Romeoville IL; Magid does not offer relocation assistance. Compensation is commensurate with 3-5 years of experience

Why MAGID?

Magid Glove & Safety is a leading manufacturer, distributor, and importer of hand protection and safety products, e.g,.work gloves, fall protection, reusable and disposable respirators. We are an innovative, growing, and privately held business, that has been delivering safety solutions to thousands of companies since 1946.

Magid is an equal opportunity employer. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.