Product Development

COMPANY DESCRIPTION

Founded in 1990, Best World International is a Singapore headquartered company specialising in the development and distribution of premium skin care, personal care, nutritional and wellness products.

After listing on the Singapore Exchange in July 2004, Best World has grown in strides to become a key regional player, having entered into 12 markets in Asia and the Middle East. Best World also manufactures and distributes the Aurigen line of supplements in China through drugstores across China.

DESIGNATION : Product Development & Management Executive (Health Supplement)

RESPONSIBILITIES
- Responsibilities:

- New product planning:

- Ideation: generate, develop, curate and prioritise ideas.
- Organise and define requirements based on market and customer insights.
- Detect industrial trends and do technology assessment.
- 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) plan, ensuring processes occur within the necessary timeframes to deliver a product to market.
- Align cross-functional Scrum team through Agile methodology.
- New product development (NPD):

- Source for contract manufacturers and liaise with engineers/ formulators to develop new product; be the main contact point with these suppliers for NPD/ formulation discussions.
- Review formulas and ingredient/ design statements for new product that is compliant with regulations.
- Conduct or work with contract manufacturer for efficacy assessment, literature review, product trial and testing.
- Confirm challenge test (if applicable), stability and compatibility study (liaising with contract manufacturer or Quality team).
- Work with contract manufacturers for safety assessment of products.
- Define critical attributes of final products, work with Quality team to finalise product master specifications and list of required lab tests.
- Work with Product Development Officer and Regulatory Affairs to finalise label text of products and with designer for packaging design.
- Technical resource for Regulatory Affairs, including providing technical document such as formula, raw material COA, efficacy, stability and safety information.
- Research market prices, create accurate product costing data and propose product pricing.
- Present new product for management’s review.
- New product introduction:

- Technical resource for Marketing, including providing technical brief or info sheet of product.
- Conduct product training as part of professional education to regional trainer/marketing team and key leaders of salesforce.
- Post-launch product management:

- Reassess industry movement and re-evaluate competitor actions.
- Analyse product performance, profit and loss, and identify actions required.
- Manage incremental improvement for existing products.
- Liaise with contract manufacturers for necessary formula-related matters.
- React to necessary corrective and preventive actions (CAPA) raised by Quality.
- Discontinue products.
- Contribute for 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.

QUALIFICATIONS
- Requirements:

- For health supplement & functional food product category:

- Good Science Honours Degree in Nutrition or Pharmacy.
- Preferably with experience in product development/ management in the dietary supplement and health food industry.
- Possess interest in marketing of beauty, skin care, or health and wellness products.
- Self-starter, good at working well independently with initiatives.
- Meticulous & detail-oriented.
- Product/ project management skills.
- Planning & organising skills; time management skills.
- Analytical & problem-solving skills.
- Professional communication & negotiation skills; proficient in English and Chinese.
- Strong interpersonal skills to connect with people from different cultures and levels, both internally and externally.
- Travelling is expected.

OTHER INFORMATION
- Basic + 13th month + Variable Bonus
- Medical benefits, insurance and free company products