New Product Developer

4 days ago

Noida, Uttar Pradesh, India Skilledsquad Consulting Full time ₹ 1,56,00,000 - ₹ 7,28,00,000 per year

1. Identification of New Product

  • Conduct market research to identify gaps, emerging consumer needs, and opportunities for innovation.
  • Benchmark competitor products and study consumer preferences to propose feasible new product concepts.
  • Align new product ideas with company strategy, brand positioning, and growth objectives.

2. Product Benchmarking & Sampling

  • Source raw material, packaging, and benchmark product samples from the market and vendors.
  • Ensure samples are properly tested for quality, safety, and compliance.
  • Maintain a database of tested samples for future reference.

3. Cost Optimization & Efficiency

  • Develop cost-effective formulations ensuring competitive pricing.
  • Work with Finance & Procurement to finalize raw material costing and price positioning.
  • Ensure product profitability by balancing quality and cost.

4. Infrastructure

  • Assess production facility readiness for new product development (machinery, technology, manpower).
  • Recommend modifications or upgrades required in manufacturing, packaging, or storage infrastructure.
  • Ensure scalability of product from lab to commercial production.
  • Timelines of the Project

6. Investment (CAPEX) Management

  • Evaluate capital expenditure (CAPEX) requirements for new product development.
  • Prepare business cases/ROI analysis for management approval of investments.
  • Monitor utilization of approved CAPEX and ensure timely implementation.

7.Performance & Market Feedback

  • Monitor post-launch product performance in the market.
  • Gather consumer and retailer feedback for continuous product improvement.
  • Recommend product modifications based on performance and trends.
  • Any Complaints from the market. Detailed Lab Analysis related to the shelf life of SKV(s).

Experience -Minimum 10 Years

Remunerations-up to 14 LPA

Job Types: Full-time, Permanent

Pay: ₹1,300, ₹1,400,000.00 per year

Work Location: In person

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