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Product Development Manager
2 months ago
Punch Studio is a leading Home, Gift & Stationery product supplier for thousands of specialty retailers worldwide. We create high quality, beautifully designed and giftable products that bring delight to people's everyday lives and homes.
We are a privately held company headquartered in Culver City, CA, looking for passionate leaders to join our growing, vibrant team.
About the RoleAs a Product Development/Trend Manager, you will be responsible for managing product development for major key accounts and leading launch & development of new physical product categories in giftware, stationery, decorative storage, wall decor, etc.
You will focus on current market trends and the competitive landscape, developing and presenting trend-right product ideas to cross-functional teams.
You will also act as a liaison between the Sales, Design, Art Production, and Purchasing departments to communicate product parameters, advise on particular product specifications, and pricing.
Key Responsibilities- Lead and create new product development based on current market trends and customer requests, determining product specifications and target costs.
- Research trends and translate them into new product concepts and formats to offer to accounts.
- Develop expert knowledge of pricing, materials, trends, and developments in new product categories.
- Collaborate with the Sales team to prepare product presentations for account meetings.
- Negotiate with factories using a strong understanding of development costs and manufacturing procedures, working closely with the Purchasing team to secure the best margins.
- Manage quality control of items throughout the approval process, ensuring all product specifications and quality standards are met.
- Work with Sales to establish timelines for each program, defining PD deliverables and securing key due dates with factories.
- Anticipate and identify potential challenges and support the Sales team on all PD-related issues that could cause program delays.
- Work closely with Sales and Customer Service teams to understand customer vendor requirements, managing customer compliance and supporting processes/procedures to meet customer needs and avoid chargebacks/penalties.
- Determine testing/compliance requirements of any new categories.
- Manage test reports and factory audits according to customer-specific requirements, working with the customer compliance representative to resolve any testing issues.
- Re-source with multiple vendors when necessary to hit target margins.
- Work with agents closely when in need of new vendors for new product categories.
WHAT YOU'LL HAVE
- BFA in Product Design, BBA, or related field.
- 5+ years of experience in product development/management, including trend research and presentation, costing, product packaging, production, manufacturing, and merchandising.
- Proven track record of managing all aspects of a successful product throughout its lifecycle. Wall décor experience is not a must, but an interest is necessary.
- Working knowledge of MS Office, including Excel, Word, and Outlook.
- Working knowledge of duty rates, testing, and compliance.
- Knowledge of product development process and manufacturing with overseas vendors.
- Ability to think critically and solve problems quickly and efficiently.
- Ability to understand current and future trends and present them to cross-functional teams.
- Ability to quickly understand new concepts and accurately apply them in a fast-paced, evolving team environment.
- Strong organizational skills and attention to detail.
- Ability to effectively communicate to different levels of management both orally and in writing.
$70,000 to $90,000 based on experience.
Benefits- Competitive compensation
- Paid vacation, holidays, and sick time
- Benefits plan including medical, dental, and vision
- Retirement and profit-sharing options
