Product Manager

Product Manager

We are hiring for the position of Product Manager with one of the leading organization

Experience: 10+ years

Location: Ahmednagar

Briefly describe the major responsibilities of the role holder's immediate subordinates :

- Product portfolio management

- Understand product gaps

- Facilitate new product development

- Product profitability

- Quarterly Product specific PBIT and Sales

- Ratio of negative margin products

- Customer Perception and Satisfaction on product range and relevance

- Briefly describe the nature of the reporting relationship which exists between the role holder and the manager to whom the role holder is accountable.

- The reporting relationship is direct . functional and primary. There is no separate administrative reporting.

- Performance reviews and interactions happen with defined periodicity.

Job Purpose :

- Knows Customers and Market

- Does regular analysis and valuation of the market.

- Tracks customer's satisfaction to product / portfolio.

- Regularly updates self on technology trends and customer's business behavior.

- Keeps self-abreast about the competitors' developments including identification of product gaps, strengths and weaknesses.

- Manage Existing Product Portfolio

- Plans and maintains Product roadmaps.

- Consistently monitors and analyzes product/portfolio profitability, competitiveness, strategic positioning . Tracks financial performance metrics of the product line

- Regularly identifies portfolio features and makes adjustments in product positioning, selling increase options, product cost reductions, or product phase-out.

- Contributes to and manages intellectual property portfolio.

- Clarify Customer Value

- Has appropriate level of understanding and defines targeted market segments, products positioning and offerings.

- Addresses customer needs, involving others and communicating appropriately, contributing to customer satisfaction to expected levels.

Propose New Product :

Proposes new product/project portfolio to global and local roadmaps, sets goals and action plan, has understanding of product success/failure elements.

- Recognizes some complexity of issues and interrelationships while proposing the new product/ project portfolio

- Reacts to bring about balance in the portfolio via product improvements, new product versions and networks with others to gain the requisite support for product innovation.

- Continuously follows up on new product performance.

- Usually supports protection of intellectual property for new products.

Dimensions :

- Provide factual, quantitative and financial information particularly relevant to the job which helps to reflect the scale and scope of the job.

- List the data which will show the scope and scale of activities with which this job is concerned ( E.g.- Financial - Budgets, targets, Operating costs, Non - Financial - number of customers, number of products, number of production lines, geographies

- Staff (Team Size ) - Approved Manpower Count of Manpower

Key Accountabilities :

- To achieve budgeted results

- To achieve budgeted order inputs and sales across PL's, ensuring good health of debtors and stocks while maintaining overall cost parameter.

Competition analysis & feedback :

- To continuously track competition, their activities, their policies, analyze and compare with our policies, benchmark best practices, give feedback & implement.

- To ensure customer data base, plan and implement responses in line with

JOB DESCRIPTION :`

- To build network and partnerships in the market, nurture them for perpetuity.

To monitor customer satisfaction levels with defined periodicity and act on gaps for improvement.

Sales Admin & Promotional Activities :

- To plan and implement sales promotional actions for creating consumer pull as well as channel engagement. To create visibility for product and brand recall.

Key Decisions :

- New Product Development

- Market Promotional activities

- Recommendations to his/her Superior

- Succession and promotion

- Customer / dealer interaction

- Strategic visit / alliances

Key Interactions :

- Provide the key working relationships or routine contacts the job holder need to have INSID and OUTSIDE the organization to accomplish job and the reason for these interactions.

INTERNAL EXTERNAL :

- Interaction with Design, NPD 1. Interaction with Key Strategic dealers

- Interaction with Regional Business Heads

- Interaction with customer / Corporate accounts (Decision makers)/ Key OEMs/ Major consultants/ Key personnel of Govt. Utilities

- Interaction with Motor Head

- Interaction with Unit Heads

Key Challenges :

- Retain and Increase Market Share

- Cost Competitive

- Entry into the sector where has less share of business wrt LT Motors

Knowledge, Skills and Experience :

- Engineering Graduate (Mechanical /

Electrical)

- Relevant experience (Type/ Nature and years of relevant experience required to execute the role years relevant experience in the region

- Necessary Functional Skills required for this job Product Management

Please apply with your updated resume or please reach at

Akash Thakare