New Product Developer

1. Identification of New Product

• Conduct market research to identify gaps, emerging consumer needs, and opportunities for innovation.
• Benchmark competitor products and study consumer preferences to propose feasible new product concepts.
• Align new product ideas with company strategy, brand positioning, and growth objectives.

2. Product Benchmarking & Sampling

• Source raw material, packaging, and benchmark product samples from the market and vendors.
• Ensure samples are properly tested for quality, safety, and compliance.
• Maintain a database of tested samples for future reference.

3. Cost Optimization & Efficiency

• Develop cost-effective formulations ensuring competitive pricing.
• Work with Finance & Procurement to finalize raw material costing and price positioning.
• Ensure product profitability by balancing quality and cost.

4. Infrastructure

• Assess production facility readiness for new product development (machinery, technology, manpower).
• Recommend modifications or upgrades required in manufacturing, packaging, or storage infrastructure.
• Ensure scalability of product from lab to commercial production.
• Timelines of the Project

6. Investment (CAPEX) Management

• Evaluate capital expenditure (CAPEX) requirements for new product development.
• Prepare business cases/ROI analysis for management approval of investments.
• Monitor utilization of approved CAPEX and ensure timely implementation.

7.Performance & Market Feedback

• Monitor post-launch product performance in the market.
• Gather consumer and retailer feedback for continuous product improvement.
• Recommend product modifications based on performance and trends.
• Any Complaints from the market. Detailed Lab Analysis related to the shelf life of SKV(s).                                                                                                                 

Experience -Minimum 10 Years

Remunerations-up to 14 LPA