21 Aug
|
NextHire
|
Delhi
Job Purpose:
To lead, plan, and execute the development of new products from concept to market launch, ensuring alignment with the company’s strategic goals, customer requirements, and profitability objectives.
Key Responsibilities:
- Product Strategy & Planning:
- Identify and evaluate market opportunities for new products based on market trends, customer feedback, and competitor analysis.
- Define product roadmaps, timelines, and development priorities aligned with business objectives.
- Prepare feasibility studies and cost-benefit analysis for proposed products.
- New Product Development:
- Lead the design, prototyping, and testing phases of new products, ensuring adherence to quality and cost targets.
- Coordinate cross-functional teams (design, production, procurement, quality) to drive timely product development.
- Prepare and monitor project budgets and timelines.
- Market & Customer Analysis:
- Gather and analyze customer needs, market gaps, and competitor products to define product specifications.
- Conduct customer trials and collect feedback for refining products before full-scale launch.
- Supplier & Material Coordination:
- Liaise with suppliers for recent material/component identification, trials, and approvals.
- Collaborate with the purchase team for sourcing and cost negotiations of new materials.
- Quality & Compliance:
- Ensure all new products comply with quality standards and regulatory requirements.
- Document and maintain technical specifications, product BOMs, and work instructions.
- Product Launch:
- Plan and coordinate pilot production runs and commercial production ramp-up.
- Support sales and marketing teams with product training and technical information for effective market launch.
- Continuous Improvement:
- Analyze product performance post-launch for further improvement opportunities.
- Implement feedback received from customers and sales teams for enhancing product features and performance.
Key Skills & Competencies:
- Strong projec
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