New Product Development Manager
2 weeks ago
Job Description: New Product Development (NPD) Manager
We are seeking a dynamic and detail-oriented New Product Development (NPD) Manager to join our team. The ideal candidate will play a critical role in the creation, development, and successful launch of new products, while working closely with cross-functional teams such as Quality Assurance, Design, Sales, and Marketing.
Location- Delhi/Mumbai
Key Responsibilities:
- Conduct thorough competition research to analyze products, including textures, formulations, colors, and packaging of new launches.
- Develop and structure effective programs, with a focus on deriving competitive pricing strategies.
- Collaborate with interrelated teams, such as Quality Assurance and Design, to deliver product names, copy, claims, and ensure timely product launches and reorders.
- Deliver regular Product Lifecycle Analysis, Color Development Strategies, NPD performance, and Pricing Strategies to support business objectives.
- Lead the development and implementation of new pricing structures for the business to drive profitability.
- Partner with Visual Merchandising (VM), Sales, and Marketing teams to strategize and implement promotional plans.
- Oversee the overall execution of NPD programs, ensuring timely delivery and adherence to quality standards.
- Assist in Business Development activities by identifying new opportunities and creating product collateral in line with brand guidelines.
- Manage product development from concept to launch by conducting market research, generating product requirements, determining specifications, and developing integrated product introduction plans.
- Maintain strong supplier relationships, ensuring effective collaboration and product delivery.
- Continuously monitor the competitive landscape through market research, store visits, and customer feedback to identify gaps and new opportunities.
Qualifications:
- Proven experience in product development, pricing strategies, and market research.
- Strong project management skills with the ability to handle multiple projects simultaneously.
- Proficiency in developing and executing NPD strategies and lifecycle management.
- Excellent communication skills and the ability to work collaboratively across teams.
- Experience in competitive analysis and business development is a plus.
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