Product Development and Management Executive

7 days ago

Central Region, Singapore Best World International Ltd Full time $90,000 - $120,000 per year

New product planning:

  • Ideation: generate, develop, curate and prioritise ideas.
  • Organise and define requirements based on market data and customer insights.
  • Analyse 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.

New product development (NPD):

  • Work with 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.
  • Source for contract manufacturers and liaise with 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.
  • Define critical attributes of final products, work with Quality team to finalise product master specifications and list of required lab tests.
  • Research market prices, create accurate product costing data and propose product pricing.

New product introduction:

  • Technical resource for Marketing, including providing technical brief or info sheet of product.
  • Conduct product training 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 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.
  • 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.

Requirements

  • Degree in Nutrition, Pharmacy, Chemistry or relevant.
  • Preferably with some experience in product development/ management in the dietary supplement and health food industry.
  • Strong interest in marketing of health and wellness products (dietary supplements, food products, lifestyle equipment etc).
  • Self-starter, good at working well independently with initiatives.
  • Meticulous & detail-oriented.
  • Product/ project management skills; planning & time management skills.
  • Resourceful, 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.

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