New Product Development Professional

1 week ago

Singapore beBeeProductDevelopment Full time $60,000 - $100,000
Product Development Executive

The Product Development Executive plays a vital role within the organization, overseeing the entire lifecycle of new products. This encompasses sourcing and negotiating with suppliers, ensuring product quality and compliance, and managing the product's journey from concept to shelf.

Key Responsibilities
  • Product Sourcing and Development: Oversee all stages of product development, from initial sourcing and sampling to final production, shipping, and product launch.
  • Supplier Identification and Sourcing: Proactively identify potential new suppliers through various channels.
  • Tender Management: Prepare and execute sourcing tenders, analyze results, and develop negotiation strategies based on competitive offerings and cost analysis.
  • Negotiation and Contract Development: Negotiate and establish contracts with suppliers, focusing on key terms such as volume, price, quality, logistics.
  • Supplier Relationship Management: Engage in regular negotiations and business reviews with suppliers to foster continuous improvement, innovation, and ensure adherence to quality and service agreements.
  • Cross-Functional Collaboration: Liaise with key stakeholders across various departments to ensure alignment and successful product launches.
  • Inventory and Forecast Management: Monitor inventory levels and collaborate with Inventory and Demand Planning teams to align forecasts with trade plans.
  • Promotion Management: Manage promotion planning and ensure product sales and penetration.
Requirements
  • A Bachelor's degree is preferred but other qualifications with relevant experience will be considered.
Essential Skills
  • Team player and ability to collaborate and work effectively with a variety of stakeholders.
  • Resourceful, problem solver and result oriented.
  • Strong business acumen and data analytic skills.
  • Preferably in a retail or consumer packaged goods environment.

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