New Product Development Manager

Job Title: New Product Development (NPD) Manager

Location:

Company:

Experience – 3-8 Years, Salary: 5-8LPA No bar for Deserving Candidate

Key Skills

• Product Design & Development, Project Management, Strong leadership and team management skills.

• Trend Analysis & Market Research, Strong understanding of market trends in the jewelry industry and ability to translate them into innovative product designs.

• Technical Expertise & Quality Assurance.

• Collaboration & Communication, Vendor & Supplier Management, Budget Management.

• Excellent project management skills, with the ability to prioritize tasks and meet deadlines.

• Attention to detail and a passion for creating high-quality jewelry products.

• Category management experience, Business acumen, Analytical ability, Vendor management experience.

• Jewelry product development, product development, PD, Merchandising, Creative development

• Merchandising Planning for Regional Products, Mapping the current universe of regional products.

Key Responsibilities:

• Concept Development:

  Lead brainstorming sessions and research to generate innovative ideas for new jewelry products. Identify market trends, consumer preferences, and competitive landscape to inform product development.

• Design Collaboration:

  Work with the design team to translate concepts into detailed designs. Provide feedback on prototypes and ensure that designs meet quality standards and production capabilities.

• Project Management:

  Oversee the entire NPD process, including planning, timeline management, and resource allocation. Ensure that projects are completed on time, within budget, and to the highest quality standards.

• Supplier Coordination:

  Collaborate with suppliers and manufacturers to source materials and components. Manage relationships with external partners to ensure timely delivery and cost-effectiveness.

• Market Analysis:

  Conduct market research and analysis to understand customer needs and preferences. Utilize insights to drive product innovation and enhance competitive positioning.

• Product Testing:

  Coordinate testing and evaluation of prototypes to ensure functionality, durability, and quality. Address any issues that arise and make necessary adjustments.

• Launch Strategy:

  Develop and execute go-to-market strategies for new product launches. Work with marketing and sales teams to create compelling product presentations and promotional materials.

• Performance Tracking:

  Monitor the performance of new products in the market. Analyze sales data, customer feedback, and other metrics to assess success and identify areas for improvement.

• Range-planning for regional products

  : Identifying the gaps in the current universe, based on customer, community understanding as well as competitive indexing. Accordingly, planning for product introduction for ensuring that these product gaps are filled
• Coordinate with the NPD & NPIM team to ensure that the first set of proto are received as per the design approved - if not ensuring that the feedback is given for correction.
• Support the NPD to conduct regional NPIM for the collection. Conduct periodic canvassing with L3s for indent enhancement, seasonal up stocking etc. To improve new product penetration.
• Collaborate with cross-functional teams, including designers, suppliers, and manufacturers, to ensure timely and accurate execution of product development plans.
• Overseeing the design process, providing guidance and feedback to designers to ensure that concepts are translated into technically feasible
• Tracking key performance indicators (KPIs) related to new product development, such as time-to-market, product sell-through rates, and customer feedback.
• Working closely with the sourcing and production teams to optimize costs without compromising on quality, ensuring that new products are developed within budget constraints.
• Review of product performance and decision making on product continuation.
• Engaging closely with the Retail stores for driving decisions on range expansion/discontinuation. Developing a Robust vendor ecosystem for regional products
• Evaluating the current vendor ecosystem for regional products both in terms of expertise & cost, Onboard new vendors in terms of expertise & cost as per the gap observed in the current regional vendor eco-system. Conduct existing vendor performance evaluations based on product performance and evaluate new vendors based on the skill set planning.
• Periodic visits to the vendors to understand their capability as well to get inputs from vendors on regional products.
• Synthesis of actionable insights and incorporation into the Range plan.
• Achieve Category Top Line Targets as per planned Cat-PB sales shares of regional products.
• Ensure the effective cascade of the newly launched regional products with all the internal teams including Retail, VM, Marketing etc.
•  Create the new collection brief for the regional collection with clear deliverables on the product category, cluster, net weight & LC
• Approve the final PDIS release; select the designs created by the design studio Coordinate with NPI team for code creation.

candidates can share your resume on

irshad.hussain@pinkcityindia.com and WhatsApp - 7300081857

Job Title: New Product Development (NPD) Manager

Location:

Company:

Experience: 6-8 Years

Key Skills

·        Product Design & Development, Project Management, Strong leadership and team management skills.

·        Trend Analysis & Market Research, Strong understanding of market trends in the jewelry industry and ability to translate them into innovative product designs.

·        Excellent project management skills, with the ability to prioritize tasks and meet deadlines.

·        Attention to detail and a passion for creating high-quality jewelry products.

·        Merchandising Planning for Regional Products, Mapping the current universe of regional products.

Concept Development:

Design Collaboration:

• Project Management:

  Oversee the entire NPD process, including planning, timeline management, and resource allocation. Ensure that projects are completed on time, within budget, and to the highest quality standards.

• Market Analysis:

  Conduct market research and analysis to understand customer needs and preferences. Utilize insights to drive product innovation and enhance competitive positioning.

• Range-planning for regional products

  : Identifying the gaps in the current universe, based on customer, community understanding as well as competitive indexing. Accordingly, planning for product introduction to ensure that these product gaps are filled
• Coordinate with the NPD team to ensure that the first set of portions are received as per the design approved - if not ensuring that the feedback is given for correction.
• Collaborate with cross-functional teams, including designers, suppliers, and manufacturers, to ensure timely and accurate execution of product development plans.
• Overseeing the design process, providing guidance and feedback to designers to ensure that concepts are translated into technically feasible
• Create the new collection brief for the regional collection with clear deliverables on the product category, cluster, net weight & LC

candidates can share your resume on

irshad.hussain@pinkcityindia.com and WhatsApp - 7300081857