North America Equipment Product Manager Job at Illinois Tool Works in Glenview

Magnaflux is the global leader in non-destructive testing equipment and materials employed by the quality management teams of the world's largest manufacturers. While you may not be familiar with our name, you have undoubtedly experienced the benefits that our products, services and employees have had on the performance and safety of many of the products that you come in daily contact with. Our mission is to make the world a safer place.

We are part of Illinois Tool Works Inc. (NYSE: ITW) a Fortune 300 global multi-industry manufacturing leader with revenue of $16.1 billion in 2023. The company's seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required.

As part of ITW, Magnaflux makes the below commitments to our team members:

A FOCUS ON WHAT MATTERS MOST

The ITW Business Model is our defining competitive advantage. By leveraging this Magnaflux reduces complexity and distractions to deliver best-in-class performance for our customers. Our focus has fueled our legacy of success, and we're not stopping.

The ITW Business Model gives us the tools to focus on what's most important at Magnaflux, and we're grounded in our values of Integrity, Simplicity, Trust, Respect and Shared Risk.

EMPOWERED ENTREPRENEURSHIP

As part of Magnaflux, our people are empowered to think and act like business owners. Our decentralized, entrepreneurial culture is the key to how we execute and requires us to trust our people.

OPPORTUNITIES TO IGNITE YOUR FULL POTENTIAL

At Magnaflux we believe our people are the powerful force behind our success - that's why we invest our time and resources into helping them grow their skills and interests. No matter where people start, they can grow their career at Magnaflux and as part of ITW.

PURPOSE BEYOND PRODUCTS

We are committed to making a positive impact on our people, customers, suppliers, environments and the communities where we live and work. The latest details can be found in the ITW Sustainability Report, which can be found on itw.com/sustainability.

Company Benefits

Best in Class Benefits: Our total rewards package is broad and offers comprehensive support ranging from health and wellness to retirement planning.

* Affordable Medical, Dental, Vision Insurance to meet you and your family's needs

* HSA/FSA with a company match

* Income Protection Benefits

* Industry Leading 401(k) plan with company match

* Paid Time Off

* 12 Paid Holidays

* Parental Leave

* Matching Gift and Volunteer Program

* Coordinate and participate in Innovation/VOC exercises around North America Equipment & Accessories products. Utilize this information to create a business case and clear value proposition to define new products for launch regionally.

* Partner with North America Engineering, Sales, Marketing, and Product Management teams to develop and execute a robust Innovation Roadmap to achieve Magnaflux Innovation Targets for the Equipment & Accessories lines.

* Lead the innovation process for North America Equipment & Accessories products through each state gate, including exploration for new technologies, to ensure strong competitive differentiation while also meeting time to market expectations.

* Provide both internal/external product training, and other related Go-to-Market activities as part of new product launches.

* Perform market research, competitive analysis, and business data (product unit volumes, revenue and margin) reporting to understand business trends, and make informed decisions for current and future product direction.

* Work with the Marketing Team to support and maintain marketing plans, advertising, and sales tools including brochures, product descriptions, application notes, web content, etc.

* Lead cost/price analysis and set pricing and general sales policies for the equipment & accessories product lines to achieve expected margins.

* Leverage aspects of the ITW Business Model - 80/20, USA, PLS and cost savings - in all aspects of product management and decision making

* Additional duties and tasks as assigned.