Product Manager

1 week ago

Mumbai, Maharashtra, India Watertec Full time ₹ 12,00,000 - ₹ 36,00,000 per year

Role & responsibilities

Market Research & Competition Benchmarking:

  • Conduct in-depth market research to identify emerging trends, consumer needs, and competitor strategies.
  • Benchmark product offerings against competitors to ensure market relevance and positioning.

Product Portfolio Management:

  • Oversee the management of the product portfolio, ensuring alignment with business objectives and customer preferences.
  • Continuously evaluate product performance and make data-driven decisions for product line optimization.

New Product Development & Launch (GTM):

  • Collaborate with cross-functional teams to conceptualize and execute new product development (NPD) initiatives.
  • Define and implement go-to-market (GTM) strategies for new product launches, driving awareness and adoption.

Quality Management:

  • Ensure adherence to quality standards across the product lifecycle by working closely with the quality assurance team.
  • Implement processes to maintain high product quality and customer satisfaction.

Vendor Collaboration:

  • Work closely with vendors to define technical specifications, validate costs, and ensure the timely delivery of components.
  • Negotiate with suppliers to optimize costs without compromising quality.

Collaboration with Design Team:

  • Partner with the design team to develop innovative, cost-effective product designs that meet market requirements.
  • Focus on cost optimization strategies during the NPD process to enhance profitability.

Pricing Strategy & Margin Management:

  • Develop and implement pricing strategies to achieve competitive positioning while ensuring optimal profit margins.
  • Monitor and adjust pricing in response to market conditions, competitor actions, and business objectives.

Preferred candidate profile

  • Minimum 5 years of experience in product management within the Faucets & Sanitaryware industry.
  • Strong knowledge of product development processes, from concept to commercialization.
  • Excellent understanding of the market and customer needs.
  • Strong analytical and problem-solving skills with a focus on data-driven decision-making.
  • Ability to work effectively with cross-functional teams and external stakeholders.
  • Proven track record of managing pricing and margins to drive business growth.

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