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Product Lifecycle Manager

Company: RANDYS Worldwide
Location: Everett
Posted on: January 15, 2021

Job Description:

Summary:The Product Lifecycle Manager (PLM) is responsible for overseeing Product Development Initiatives for the organization. The PLM develops and delivers products by identifying potential products, conducting market research, generating product requirements, determining specifications, pricing, product launch plans, and marketing and sales strategies.The key component of the Product Manager role is ensuring that the product supports the company's overall strategy and goals. The Product Manager is responsible for delivering a differentiated product to market that addresses a market need and represents a viable business opportunity. Although the Product Manager is ultimately responsible for managing the product throughout its lifecycle - conception through end-of-life - they receive assistance throughout this process from specialists such as designers, developers, quality assurance engineers, supply chain and operations experts, manufacturing engineers, Product Marketing Managers, project managers, sales professionals, and more.Required Competencies:* Domain expertise: Requires knowledge of target markets, customers and product areas is required for success in this role* Business expertise: Uses good business practices to ensure RANDY'S is generating targeted product sales growth while maximizing profitability.* Leadership skills: The business will leverage the leadership skills of the successful candidate to integrate, coordinate with and drive the cross functional teams to meet business targets* Operational ability: The Product Managers will need to be oriented to the details that drive the processes and products of the RANDY's business.Key Duties and Deliverables:Documentation and Teamwork* Business cases for key projects* Market needs documentation* Product Roadmaps for key market segment targets* White papers, case studies, product comparisons, competitor analysis, and user stories* Demonstrated success in defining and launching products that meet and exceed business objectives* Excellent written and verbal communication skills* Subject matter expertise in a particular product or market. This should include specific industry or technical knowledge.* Excellent teamwork skills* Proven ability to influence cross-functional teams without formal authorityStrategy Tools* Product Lifecycle Management (PLM):* New Product Introduction (NPI) and management of stage gate process* Transition to Mature phase and coordination of activities to maximize sales and profitability* Tracking of products thru to end of life phase and work with Sales, Marketing and Supply Chain to ensure product positioning matches the needs of the business and market* Ansoff's Growth Matrix* Porter's Generic Strategies:* What markets are you addressing and on what basis are you gaining competitive advantage? If you rely on a broad target market and differentiated products, you have your work cut out looking for the next big differentiating offering.* SWOT Analysis:* Development and management of company strengths and weaknesses, the market opportunities and threatsFinance Concepts* Net Present Value (NPV)* Return on Investment (ROI)* Profit and Loss Statement* Breakeven AnalysisPreferred Education and Experience:* Bachelor's degree in technical or business program, Masters preferred* 5+ years of progressively responsible work experience in developing new products, preferably in Engineered Products.* Project Management certification, e.g. PMP, a plus* Automotive Technical Experience Knowledge* Demonstrated experience working within a branded B2B branded environment with exposure to large scale projects and cross-functional, non-reporting team involvement.* Successful experience in the use and deployment of PLM and PDM technology* Experience using MS Suite of products and a CRM system to manage sales relationships and results.Powered by JazzHR4Gtnhaf4g8

Keywords: RANDYS Worldwide, Everett , Product Lifecycle Manager, Executive , Everett, Washington

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