Product Strategy Manager

2 weeks ago

Grand Rapids, Minnesota, United States Prinova Full time
Exciting Opportunity at Prinova for a Product Strategy Manager

At Prinova, we are passionate about the food industry, boasting over four decades of experience as a leading global supplier and manufacturer of functional food ingredients, flavors, and aromas. Our commitment to CUSTOMER FOCUS is at the heart of our operations, ensuring that we deliver exceptional products to our clients.

Recognized as one of the Best and Brightest Companies to Work For, Prinova exemplifies excellence in human resources and employee engagement. We adhere to the esteemed FISH philosophy, which promotes meaningful interactions, community involvement, and continuous professional growth, providing our team with a rewarding career journey.

This is a unique opportunity to become part of a distinguished organization that values strong HR practices and employee recognition.

Position: Product Strategy Manager

Department: Purchasing, Distribution
Employment Type: Full-Time

The Product Strategy Manager is crucial in managing a product portfolio, with a focus on fostering sustainable and profitable growth. This role involves leading the development and execution of product strategies, managing portfolios, and establishing pricing frameworks. Collaboration across various departments and engagement with clients are essential components of this position.

Key Responsibilities:

  • Formulate and execute product line strategies that align with both global and local category objectives.
  • Direct the vision and implementation of product line strategies, ensuring effective communication and prioritization.
  • Evaluate current business performance to identify optimal growth opportunities.
  • Monitor competitive landscape and incorporate insights into product management.
  • Ensure ethical practices with suppliers, emphasizing quality and adherence to high ethical standards.
  • Enhance profitability through strategic pricing and margin management.
  • Establish pricing frameworks for product lines, including minimum and target pricing for SKUs.
  • Develop business plans to outline growth, revenue, and profit objectives.
  • Collaborate with sales teams, providing product and market expertise.
  • Optimize the product portfolio at the SKU level, making decisions on new introductions and discontinuations.
  • Work within cross-functional teams to identify and implement value chain improvements.
  • Maintain appropriate inventory levels for assigned products.
  • Monitor costs and manage inventory efficiently.
  • Ensure targeted turnover rates for all items in the portfolio.
  • Manage excess and surplus inventories.

Supervisory Responsibilities: None

Qualifications:

To thrive in this role, candidates should possess the following:

  • A Bachelor's degree in Business or a related field, with a minimum of 10 years of relevant experience or equivalent.
  • An MBA is highly preferred.

Desired Skills and Abilities:

  • Strong business insight, with the ability to prioritize initiatives based on their potential impact.
  • Self-driven, proactive, and capable of working autonomously.
  • Analytical and detail-oriented, comfortable engaging in technical discussions.
  • Excellent interpersonal, communication, and presentation skills.
  • Exceptional organizational and problem-solving abilities.
  • Proven success in a collaborative team environment.
  • Demonstrated ability to lead and influence others.
  • Strong customer service and sales aptitude.
  • Proficiency in Microsoft Office Suite and familiarity with ERP systems is advantageous.

Travel Requirements: Up to 40%

Work Environment & Physical Requirements:

  • Ability to lift up to 10 lbs.
  • Standard office environment.
  • Comfortable with extended periods of computer use and typing.
  • Able to sit and stand for prolonged durations.
  • Flexible work schedule as needed.

Quality/Safety Responsibilities:

All employees are expected to comply with food safety, defense, and quality standards. It is the responsibility of each employee to adhere to safety regulations, ensuring that their actions do not compromise health and safety.

Note: The responsibilities outlined above may not encompass all duties associated with this position. Prinova reserves the right to modify responsibilities as necessary.

About Prinova

Prinova is a leading global distributor of functional ingredients and a provider of nutrient premixes, delivering value to food, beverage, and supplement manufacturers worldwide.

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