Product Manager

Description:
Education Qualification:

Any Engineering graduate, from a reputed university. MBA will be added advantage
Technical & Professional Knowledge required:
- Strong understanding of sourcing from China, Taiwan, and India including vendor networks, trade regulations, and logistics.
- Proven experience in product development and lifecycle management.
- Strong negotiation and communication skills.
- Proficient in Google suite, SAP systems, and Product Management tools.
- Mandarin or local language skills (for China/Taiwan coordination) would be an advantage.
Experience required:
- 8-12 years of experience in product development/ management and sourcing, preferably in PTA.
- Candidates from below Industries who have proven experience of atleast 2years in Accessories Product Management would be preferred -Bosch, Stanley, Makita, Hikoki, Hilti, KPT, Ralliwolf, Bipico
Roles & responsibility:

Product Strategy & Lifecycle Management:
- Develop and execute product roadmap for Power tool Accessories (Blades, Bits, Saws, Chisels, Nut setters etc. but excluding CT and Abrasives) in alignment with business goals. Manage product launches, phase-outs, and portfolio optimization. Set the strategic vision for existing products and development of new products aligned with customer needs and business model.
- Develop Product life cycle & profitability management for the new products.
- Manage the existing line of products and lead the ongoing development of enhancements to support increased value to customers.
- Conduct Root Cause and Corrective Action (RCCA) analysis for new designs and come up with design improvements to enhance their reliability.
Sourcing & Supplier Management:
- Identify, evaluate, and manage suppliers primarily in India, China, Taiwan. Ensure quality, cost-effectiveness, and timely delivery.
- New Products Strategic Sourcing (Vendor Identification, VQA & Approvals)
- Existing Vendor Management (Negotiations for Price Reductions, Escalations & Conflict Resolution, etc)
Market & Competitive Analysis:
- Analyse market trends, customer needs, and competitor offerings to identify gaps and opportunities for growth.
- Conduct Competition Benchmarking & Product Testing.
Product Development:
- Work with design, engineering, and suppliers to develop new products or enhance existing ones to meet market demand.
Pricing & Costing:
- Develop pricing strategies based on cost structures, market positioning, and profitability goals. Negotiate with suppliers to ensure competitive pricing.
Cross-Functional Collaboration:
- Collaborate with sales, marketing, operations, and quality teams to ensure successful go-to-market strategies and continuous product improvements.
- Product/ Sales Data Analysis, Business Analysis & Competition Price Tracking
- Market Visits for Market Research, Competition Intelligence & Business Development Activities
- Product Trainings, Sales pitch and Product presentation creation
Quality & Compliance:
- Work with QA/QC teams to ensure products meet required safety and performance standards across global markets.
Inventory & Demand Planning:
- Assist in demand forecasting and inventory planning to ensure availability while optimizing working capital.