Arrow Fastener Company, LLC
New Product Development Manager
Arrow Fastener Company, LLC, Saddle Brook, New Jersey, us, 07663
Headquarters for Arrow
271 Mayhill Street
Saddle Brook, NJ 07663, USA
SCOPE OF WORK: The Product Manager – New Products leads development of the company’s future product lines. He/she manages and maintains the flow of new product ideas into the ideation funnel and manages those ideas through the product development process all the way through to launch. The Product Manager – New Products coordinates the efforts of multiple disciplines including engineering, finance, sales, marketing, manufacturing, and sourcing to develop and position new products for successful launch. The Product Manager – New Products owns the new product development process from product ideation through launch. He/she conducts market research and concept validations, generates pro-forma P&L analysis and forecasts, and crafts product specifications and requirements, and creates/executed action plans for every project. KEY RESPONSIBILITIES • Manages new product development projects through approved NPD process. • Leads & owns NPD/Stage Gate meetings and process. • Conducts market research to unearth opportunities for line extensions, new product categories, and “blue ocean” opportunities. • Conducts market viability assessments on new product ideas. • Creates accurate comp shops for new product categories/segments. • Develops new product specifications. • Conducts financial analysis of new product projects, including CAPEX, Pro-Forma P&Ls, and ROI analysis. • Works with engineering, sourcing, and supply teams domestically and internationally to meet project requirements. • Develops and executes launch plans – hands product off to existing lines team after launch. • Achieves launch targets on time and on budget. REQUIREMENTS • Minimum of 3 to 5 years’ experience in Product Management, with at least 3 years focused on new product development. • Strong project management skills. • Ability to get things done and push through roadblocks while maintaining strong working relationships across multiple stakeholder groups. • Demonstrated success at managing new product development projects. • Understanding of consumer and market research concepts. • Excellent written and verbal communication skills. • Ability to travel internationally – to work with development teams in Asia. • Team player mentality with ability to collaborate with others to achieve desired outcomes. • Strong analytical skills – understanding data to drive the business. • Bachelor's degree. MBA preferred. • Proven ability to influence cross-functional teams without formal authority. • Big Box retail experience preferred.
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SCOPE OF WORK: The Product Manager – New Products leads development of the company’s future product lines. He/she manages and maintains the flow of new product ideas into the ideation funnel and manages those ideas through the product development process all the way through to launch. The Product Manager – New Products coordinates the efforts of multiple disciplines including engineering, finance, sales, marketing, manufacturing, and sourcing to develop and position new products for successful launch. The Product Manager – New Products owns the new product development process from product ideation through launch. He/she conducts market research and concept validations, generates pro-forma P&L analysis and forecasts, and crafts product specifications and requirements, and creates/executed action plans for every project. KEY RESPONSIBILITIES • Manages new product development projects through approved NPD process. • Leads & owns NPD/Stage Gate meetings and process. • Conducts market research to unearth opportunities for line extensions, new product categories, and “blue ocean” opportunities. • Conducts market viability assessments on new product ideas. • Creates accurate comp shops for new product categories/segments. • Develops new product specifications. • Conducts financial analysis of new product projects, including CAPEX, Pro-Forma P&Ls, and ROI analysis. • Works with engineering, sourcing, and supply teams domestically and internationally to meet project requirements. • Develops and executes launch plans – hands product off to existing lines team after launch. • Achieves launch targets on time and on budget. REQUIREMENTS • Minimum of 3 to 5 years’ experience in Product Management, with at least 3 years focused on new product development. • Strong project management skills. • Ability to get things done and push through roadblocks while maintaining strong working relationships across multiple stakeholder groups. • Demonstrated success at managing new product development projects. • Understanding of consumer and market research concepts. • Excellent written and verbal communication skills. • Ability to travel internationally – to work with development teams in Asia. • Team player mentality with ability to collaborate with others to achieve desired outcomes. • Strong analytical skills – understanding data to drive the business. • Bachelor's degree. MBA preferred. • Proven ability to influence cross-functional teams without formal authority. • Big Box retail experience preferred.
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