IDEAL INDUSTRIES, INC.

Product Manager

US-IL-Sycamore
5 months ago
ID
2017-1705
# of Openings
2
Type
Regular Full-Time

Overview

IDEAL INDUSTRIES, INC. has been propelled by the principles of its founder, J. Walter Becker, for nearly a century. Since the beginning, this family-run enterprise has been committed to building ideal relationships with its customers, employees and communities, creating some of the industry’s most innovative and trusted products along the way. This commitment to quality and service will continue to spur the success of IDEAL INDUSTRIES, INC. and its family of companies, for generations to come.

 

IDEAL has made its mark by developing the iconic products and practical technology demanded by critical industries like data communications, aerospace, electrical, wire processing, automotive, construction and more.  Since the beginning, IDEAL INDUSTRIES has been a growing, energetic company, and that’s never been more true than today. It’s always been a compelling place to work and we’re poised for even more growth as we continue to move across the globe. With growth comes opportunity—and at IDEAL INDUSTRIES, the opportunity can be yours. 

 

The Product Manager is responsible for ownership of the product categories including but not limited to the development and execution of brand and product line strategies, product line maintenance, product marketing, pricing, new product commercialization, market research, product merchandising, advertising, and trade events. This position also partners with other internal departments in the design, development and testing of new products key account presentations, and apprentice programs

 

 

 

Responsibilities

  • Develop and drive brand, product and line strategy
  • Develop and recommend product sales objectives, including sales volume and profit forecasts.
  • Set and maintain product pricing on assigned products. Develop pricing criteria for new product ideas to achieve planned market position and gross margin targets.
  • Evaluate ideas and suggestions for new products, investigate market opportunities and effect on market for present products, and recommend exploitation of economically attractive products.
  • Recommend specific and measurable Marketing objectives for product lines in terms of Dollar Sales, Gross Profits, and Market Share.
  • End user and application research to further the understanding of end users.   Gather, measure, and prioritize customer pain points, benefits, and productivity improvement suggestions in the process of exploring or validating new product ideas.  
  • Continually update size and share of markets into which assigned products are/can be sold.
  • Analysis and comparison of competitive performance and landscape in the market.
  • Lead implementation of new product launches outlined in the new product marketing plan.
  • Drive continuous improvement in sales, gross margin, and inventory turns
  • Create and drive new promotional programs.
  • Provide support to Electrical, Industrial, and Retail Channels working with Regional and National Account Managers
  • Responsible for acquiring, updating, and comparison of our product performance vs. competitive performance, and competitive landscaping (pricing, features, applications, and innovation)
  • Other duties as assigned by management.

 

Qualifications

  • Bachelor’s degree in business or marketing
  • MBA or Masters degree in marketing is desired
  • 5-10 years product management experience
  • Experience marketing through distributors
  • Demonstrated sense of urgency
  • Results oriented; high energy; self motivated.
  • Outstanding written and oral communication skills.
  • Strong organizational, analytical and execution skills.
  • Strong aptitude for understanding/creating a value proposition and determining the optimal way to position products in the market.
  • Ability to travel 10-25% of the time.

 

 

  

IDEAL INDUSTRIES is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.

 

 

 

 

 

 

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