Product Manager

Prinova

Location: Itasca, IL, USA

Category:

Salary: 80,000 - 120,000 USD / yearly

Full-time

Job Description

The Product Manager is responsible for the overall performance of a product portfolio, focused on driving sustainable and profitable growth for the overall business. The Product Manager leads the design and execution of the product strategy and is responsible for portfolio management, pricing strategy and technical knowledge based sales. This position works cross functionally in the organization and has customer facing interactions.

Responsibilities

Lead development and execution of product line strategy vision, ensuring prioritization and proper communication across the organization.
Conduct analysis on the current business to identify how best to implement the business model
Compile competitor intelligence, and incorporate learnings into ongoing platform management
Ensure that all dealings are with vendors providing high quality products and services, while following the highest code of ethics and conduct
Drive profitability for the business through pricing strategy and margin management; clear ownership of break-even points, target margins, and price banding
Set product line pricing strategy, including floor pricing and target pricing for individual SKUs
Monitor market conditions to determine necessary changes in item pricing (both up and down) and adjust target inventory levels, purchasing biases, and price lists accordingly
Work together with management to outline targets (growth rate, revenue, CM, GP criteria)
Work with the sales team as the product and market expert on portfolio
Optimize the product portfolio to SKU level, making choices about new SKU commercialization, SKU rationalization
Review and approve sales orders for managed products
Manage inbound receipt process
Participate at the cross-functional team to identify and realize optimization potential across the value chain
Ensure product inventory is maintained at appropriate levels for assigned products
Monitor costs and develop inventory levels
Maintain minimum designated turns on all items in portfolio
Eliminate excess and overstock inventories

Qualifications

Bachelor's degree from four-year college or university
Three years minimum work experience in a sales or product management environment, preferably in the international food and beverage or flavor and fragrance ingredients distribution industry
Previous experience with high volatility commodity products preferred

Perks & Benefits

Medical
Dental
Vision
STD
LTD
HSA
FSA
PTO
Life Insurance
401(k) & Roth with employer match
Eight Paid Holidays + 2 Floating Holidays
Voluntary - Critical Illness, Hospital Indemnity, Accident
Personal growth including training and development opportunities