Product Manager at Frank Management Consult Ltd

Job Responsibility and Accountability

• Develop a strategy for the assigned product portfolio.
• Ensure product portfolio is relevant to the market based on local and global trends.
• Ensure time-based strategy for any EOL models.
• Maintain and update rolling forecasts for all products in line with sales & inventory levels.
• Develop and maintain strong relations with suppliers to derive maximum value
• Ensure proper contracts and SLAs are maintained with all suppliers
• Negotiate with suppliers for specifications, MOQs, prices, terms and promotions.
• Ensure suppliers have a robust quality control policy for the sourced products
• Resolve any quality issues with suppliers to get timely support and rectification.
• Ensure competitive pricing based on market intelligence and product strategy.
• Ensure timely shipments in the most cost-effective mode.
• Maintain inventory levels to avoid overstocking or stockouts.
• Maintain & Track market information on competitor products, pricing and trends
• Have full product knowledge and impart the same to sales team.
• Execute timely promotions as per annual marketing plan, based on supplier discussions, channel
• Prepare annual purchase budgets based on strategic goals.
• Create and update training materials.
• Assist in conducting regular product trainings.
• Assist with market survey reports.
• Advice the sales team on stock situations as and when required.
• Assist in development of sales promotions and other portfolio related marketing activities
• Resolve any service issues from dealers.
• Ensure correct pricing and descriptions of the products in the category
• Ensure website listing of products is active and accurate.

Qualification

• Minimum qualification of a degree in business or any other relevant field.

Experience

• Previous experience in commercial, procurement or Sales. Preferably in similar industry.
• Extensive knowledge of the channel management, forecasting and strategic planning.
• Understanding of market trends and mapping.

Key Skills:

• Negotiation skills.
• Planning and forecasting skills.
• Problem solving skills.
• Ability to prioritize and timely execution
• Report writing and presentation skills.
• Budget management skills.
• Market mapping – trends, segmenting and tracking
• Ability to understand product and train