Commercial Product Manager- Ingredients

4 weeks ago

Itasca, United States Prinova Full time
Job DescriptionJob Description

At Prinova, our passion for food knows no bounds With a rich history spanning over four decades in the food industry, we have established ourselves as a trusted global supplier and manufacturer of functional food ingredients, flavors, and aromas. With CUSTOMER FOCUS as our central core value, we put pride in our work to ensure the end user has a quality product.

 

Prinova has proudly received national acclaim as one of the Best and Brightest Companies to Work For® in 2023, a testament to our status as an exceptional employer. This prestigious award highlights our commitment to outstanding HR practices and appreciation for our employees. Guided by the renowned FISH® philosophy, we prioritize creating meaningful work interactions, fostering community engagement, and empowering professional growth, ensuring a remarkable and fulfilling experience for our team members.

 

Don’t miss the opportunity to join our esteemed organization, where exceptional HR practices and employee appreciation thrive. Apply today and unlock the potential for a rewarding and fulfilling career at Prinova

 

Commercial Product Manager

Department: Purchasing, Distribution
Location: Itasca
Type: Full-Time

 

The Commercial Product Manager is responsible for the overall performance of a product portfolio, focused on driving sustainable and profitable growth for the overall business.  This person leads the design and execution of the product strategy and is responsible for portfolio management and pricing strategy.  This position works cross functionally in the organization and is customer facing.

 

Essential Duties and Responsibilities include the following. Other duties may be assigned.

 

  • Define and execute product line strategies and tactics, building on global/regional product strategies and local category strategies.
  • Lead development and execution of product line strategy vision, ensuring prioritization and proper communication across the organization.
  • Conduct analysis on the current business to identify how best to implement the best business model for growth.
  • Compile competitor intelligence, and incorporate learnings into ongoing platform management.
  • Ensure that all dealings are with vendors providing high quality products and services, while following the highest code of ethics and conduct.
  • Drive profitability for the business through pricing strategy and margin management; clear ownership of break-even points, target margins, and price banding.
  • Set product line pricing strategy, including floor pricing and target pricing for individual SKUs
  • Create a business plan to identity targets  (growth rate, revenue, CM, GP criteria.)
  • Work and travel with the sales team as the product and market expert on portfolio.
  • Optimize the product portfolio to SKU level, making choices about new SKU commercialization, SKU rationalization.
  • Participate at the cross-functional team to identify and realize optimization potential across the value chain .
  • Ensure product inventory is maintained at appropriate levels for assigned products           .
  • Monitor costs and develop inventory levels.
  • Maintain minimum designated turns on all items in portfolio.
  • Eliminate excess and overstock inventories.

 

 

Supervisory Responsibilities:

  • None.

 

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 

Required Education and/or Experience:

Examples:

  • Bachelor’s degree in Business or other related field, with a minimum of 10+ years of relevant professional experience, and/or equivalent combination of education and experience required.
  • MBA highly preferred.

 

 

Required Skills/Abilities:

 

  • Strong commercial acumen, with a proven ability to make choices and prioritize projects in relation to the business opportunity they represent
  • Strong action orientation, self-starter and able to work independently as needed
  • Analytical and detailed-oriented, and a comfort discussing technical details
  • Excellent interpersonal, communication and presentation skills
  • Excellent organizational and problem solving skills
  • Proven success in a team environment
  • Proven ability to manage and influence others
  • Excellent interpersonal and customer service skills
  • Excellent sales skills
  • Excellent organization skills and attention to detail 
  • Excellent time management skills with a proven ability to meet deadlines
  • Strong analytical and problem solving skills
  • Strong supervisory and leadership skills
  • Ability to prioritize tasks and to delegate them when appropriate
  • Ability to function well in a high-paced and at times stressful environment
  • Proficient with Microsoft Office Suite or related software
  • Advanced skills in Microsoft Office (Word, Excel, and PowerPoint) and Salesforce.com.
  • Familiarity or general aptitude for ERP systems is preferred

 

 

 

Travel:

Up to 40% travel

 

Work Conditions & Physical Requirements:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

 

  • Ability to lift up to 10 lbs.
  • Work environment is normally in an office setting.
  • Ability to view a computer screen and type for extended hours
  • Ability to sit and stand for extended periods of time
  • Ability to adjust work schedule as business needs require.

 

Quality/Safety Responsibilities: 

All Prinova employees are required to ensure compliance standards with food safety, food defense and food quality. (FDA, ILDPH, FSMA and BRC).

 

It is the responsibility of each employee to comply with occupational safety and health standards issued under OSHA and to follow all rules, regulations, and procedures established by the Company to ensure that their actions do not impact the health and safety of themselves or others.

 

The above description is not intended to be a comprehensive list of the duties and responsibilities for this position.  Prinova reserves the right to change or assign other duties and responsibilities without notice.

 

I acknowledge that I have reviewed the above job description and acknowledge that it is not a contract of employment.  I further acknowledge that I am responsible for complying with all job duties, requirements and responsibilities contained within this job description, as well as any subsequent revisions and/or additionally assigned duties and responsibilities

Company DescriptionAs one of the world's largest distributors of functional ingredients and a provider of nutrient premixes, Prinova creates value for global food, beverage and supplement manufacturers.Company DescriptionAs one of the world's largest distributors of functional ingredients and a provider of nutrient premixes, Prinova creates value for global food, beverage and supplement manufacturers.

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