Senior Product Manager – Oil Free
ELGi · Remote
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Collected role description
<p><strong><u>A)</u> <u>Role Name :</u></strong></p><p>Product Manager - Global Product Management (Compressors)</p><p><br></p><p><strong><u>B) Role Description</u></strong></p><ul><li>Create a global product roadmap for Oil Free Portable air compressors, taking into consideration the end customer and distributor needs, industry trends, and competition insights. </li><li>Initiate and drive product development based on product strategy and new opportunities identified.</li><li>Provide support to the sales team by launching new products and improving existing products with Compelling Value Propositions (C-VAP) for the end customers to successfully position ELGi’s products in the market. </li><li>Be the global expert for products that are assigned to manage</li></ul><p><br></p><p><strong><u>C) Responsibilities </u></strong></p><ol><li><strong><u>Opportunity Management</u></strong></li></ol><ul><li>Perform market study, application study, and competition benchmarking; utilize all available sources such as competition information, industry trends, and input from sales teams to identify new opportunities.</li><li>Analyze business potential towards revenue targets, technical feasibility, and statutory requirements to determine the value and feasibility of the opportunity and present the business case to the leadership team</li></ul><p> 2. <strong><u>Product Initiation & Development</u></strong></p><ul><li>Develop a product roadmap to initiate new products and improve existing products to get ahead of the competition, address product range gaps (if any), and ensure sustained competitiveness of the product portfolio.</li><li>Capture Voice of Customer (VoC), competition benchmarking and work with relevant stakeholders to develop effective product specifications.</li><li>Determine target product positioning and pricing.</li><li>Prioritize products based on business objectives.</li><li>Develop business case with business potential, RoI, value proposition, and business revenue targets to obtain approval for product development</li></ul><p> 3.<strong><u>Product Launch</u></strong> </p><ul><li>Work closely with PDO to ensure availability of technical documents, product specifications, GA & Electrical Drawings, and O&M manual for the new product launches.</li><li>Prepare sales documents; catalogs, product flyers, pitch documents (ELGi vs Competition), and online sales tools to enable sales teams to win business.</li><li>Prepare training content and sales collaterals for newly developed products.</li><li>Support the marketing communications team with product value proposition and ensure it is effectively communicated and delivered to customers.</li><li>Work with internal stakeholders to support proper launch on time for a new product</li></ul><p> 4. <strong><u>Product Support</u></strong></p><ul><li>Support non-standard sales inquiries to provide engineering solutions to regional product managers/sales</li></ul><p> 5. <strong><u>Business Monitoring</u></strong></p><ul><li>Monitor sales trends of new products launched and conduct a comparative study with business projected during the product initiation phase to understand the gaps (if any)</li><li>Understand orders lost to competition on relevant products and analyze reasons to provide suitable solutions. </li><li>Product lifecycle management </li><li>Support in continuous improvement of product management systems and processes</li></ul><p><br></p><p><strong><u>D) Education Qualifications</u></strong></p><ul><li>Graduate/Postgraduate in Mechanical or Mechatronics Engineering. MBA in marketing/sales preferred.</li></ul><p><br></p><p><strong><u>E) Core Skills</u></strong></p><ul><li>Mid-level; 7-14 years of experience in product management or sales of industrial products or experience in compressor product development with exposure to sales and marketing.</li><li>Strong market research and business acumen skills</li><li>Ability to analyze and provide data-driven decisions.</li><li>Strategic thinking</li><li>Strong team player. Experience of working in Global teams in preferred.</li></ul><p><strong><u>F) Experience</u></strong></p><ul><li>Working knowledge of compressors or any industrial machinery and their applications</li><li>Experience in managing product lifecycle.</li><li>Experience in engineering, business development and sales/data analysis on market or competition </li></ul><p><strong><u>G) Travel</u></strong></p><ul><li>30-50% </li></ul><p><strong><u>H) Work Environment</u></strong></p><ul><li>Work with local and global stakeholders; Work with a diverse team of professionals; Collaborate with stakeholders from various functions across organization; </li></ul><p><br></p><p><br></p>
Collected experience requirement
10 - 20 Years