Product Innovation Manager
7 days ago
Working in a fast-paced environment, we are seeking an experienced Product Development and Management Executive to lead the development of innovative products in the dietary supplement industry.
Responsibilities include:
- New Product Planning:
• Ideation: generate, develop, curate and prioritize ideas for new products.
• Organize and define requirements based on market data and customer insights.
• Analyze industrial trends and conduct technology assessments to inform product development decisions.
• Evaluate scientific information to generate concepts for new product innovations; define product features.
• Define product competitive positioning and unique selling proposition (USP).
• Prepare and execute new product development (NPD) plans, ensuring processes occur within necessary timeframes to deliver products to market.
• Align cross-functional Scrum teams through Agile methodology.
- New Product Development (NPD):
• Source contract manufacturers and liaise with engineers/formulators to develop new products.
• Review formulas and ingredient/design statements for new products to ensure compliance with regulations.
• Conduct or work with contract manufacturers for efficacy assessment, literature review, product trial and testing.
• Work with contract manufacturers for safety assessment and stability study of products.
• Define critical attributes of final products, work with Quality teams to finalize product master specifications and list of required lab tests.
• Collaborate with Regulatory Affairs to finalize label text of products and packaging design.
• Provide technical resources for Regulatory Affairs, including providing technical documents such as formulas, raw material COAs, efficacy, stability, and safety information.
• Research market prices, create accurate product costing data, and propose product pricing.
• Present new products for management's review.
- New Product Introduction:
• Provide technical resources for Marketing, including providing technical briefs or info sheets of products.
• Conduct product training as part of professional education to regional trainers/marketing teams and key leaders of salesforces.
- Post-Launch Product Management:
• Reassess industry movements and re-evaluate competitor actions.
• Analyze product performance, profit, and loss, and identify necessary actions.
• Manage incremental improvements for existing products.
• Liaise with contract manufacturers for necessary formula-related matters.
• React to necessary corrective and preventive actions (CAPA) raised by Quality.
- Contribute to and implement standard procedures (in compliance with industrial standards and QMS requirements) for any product development and management activities or as assigned.
- Perform other duties and projects as necessary to meet company goals.
Requirements:
• Degree in Nutrition, Pharmaceutical Science, or relevant field.
• Preferably with some experience in product development/management in the dietary supplement and health food industry.
• Product/project management experience; planning & time management experience.
• Traveling is expected.
Estimated salary: $3500 - $4200 per month, depending on experience.
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