Lead Product Development Manager
4 days ago
Hultafors Group North America is seeking an experienced Product Manager to join our team in the Milwaukee, Wisconsin area.
Estimated Salary: $90,000 - $120,000 per year
Job DescriptionThe successful candidate will be responsible for new product development for Hultafors Group North America. This includes brands like Johnson Level, CLC Work Gear, and Hultafors Tools.
- Create business cases and prepare project financials for new product development
- BUILD OUT 2-3 YEAR PRODUCT DEVELOPMENT ROADMAP PLANS DRIVING NEW INNOVATION
- Assist in the development of end-user driven products from concept ideation to commercialization
- Develop and lead a team of product managers or designers
- Drive development of operating instructions with our engineering team
- Work with domestic and international teams in a personal and virtual environment
- Ensure on-time completion of product design reviews as well as product collateral
- Assist with setup of product/pricing information
- Monitor category KPIs to ensure business plan targets are being met
- Support product improvements, address quality concerns, and seek cost reduction opportunities
- Perform VOC and competitive shops to ensure product success
Essential Duties and Responsibilities:
- New Product Development - Innovation:
- Build out 2-3 year product roadmaps to address innovation launches and performance improvements both financially and user-driven
- Suggest product changes or improvements
- Develop, source, or create new product innovation
- Consider applicable resourcing of product to strategic purchasing
- Build out transition plans to exit non-productive or discontinued products
- People Leadership:
- Responsible for training team members, setting strategy, and monitoring progress towards goals.
- Have strong communication skills and be able to provide timely constructive feedback.
- Oversee activities of the team and address any risks to delivering on-time
- Business Economics Knowledge:
- Major cost and expense elements
- Actions which most impact cost and profit, and how these economies compare with competitors
- Operational costs which vary with volume
- General operation costs which influence margin
- Competitive Market Information:
- Library competitor's product offerings and market strategies
- Define market channels and margin structure
- Research total market potential and market trends
- Promotional Programs:
- Define and present product and pricing for promotional programs
- Highlight product features and benefits enabling marketing to develop product catalogs, concepts for sell sheets and POP's
- Perform market segment profitability analysis
- Sales Revenue:
- Identify good profit performers with high margins
- Increase selling and promotional emphasis to gain immediate, high margin market share
- Collaborate and meet regularly with other business units to collect and share global market data, discuss new product ideas, and monitor competitive activity
- Develop an annual product strategy map and a three-year plan for the assigned market segment
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