The Product Manager is responsible for the strategy, roadmap, and complete life cycle of assigned product lines, from opportunity identification and concept development through launch, sustainment, and end of life. In alignment with the direction established by the Group Product Manager and company objectives, this role translates direct customer and end-user insights, market opportunities, and competitive analysis into product priorities and requirements. The Product Manager leads product management and commercial activities within the company’s Stage-Gate process and works cross-functionally with engineering, sales, marketing, purchasing, operations, and finance to drive growth, profitability, competitiveness, and customer satisfaction.
This position is located in Mansfield, Ohio. No remote work is available. Relocation package is not available.
Essential Functions and Basic Duties
- Manages the product line life cycle from opportunity identification and concept development through launch, sustainment, and end of life.
- Develops, maintains, and executes the strategy and prioritized roadmap for assigned product lines in alignment with the direction established by the Group Product Manager and company objectives. Translates customer needs, market opportunities, competitive insights, and business performance into recommendations for product investment, improvement, and rationalization.
- Engages regularly with customers and end-users through site visits, interviews, field observations, and product evaluations, supplemented by distributor and sales feedback. Translates findings into validated customer needs, market and product requirements, and roadmap priorities.
- Leads product ideation and the product management and commercial activities required by the company’s Stage-Gate process, including opportunity assessment, market and customer validation, business case development, and definition of market and product requirements.
- Gathers and aligns input from relevant departments, prepares and presents gate submissions and recommendations, and keeps commercial assumptions and risks up to date. Secures required approvals with the Group Product Manager and designated decision-makers and monitors performance against the approved business case.
- Maintains profitable and competitive pricing for product lines through competitive analysis, profitability analysis, and coordination with engineering and other internal stakeholders.
- Develops all pre-launch product promotional and technical collateral in coordination with engineering, marketing, advertising, and sales.
- Coordinates cross-functional launch readiness for assigned products, including positioning, commercial readiness, training, and product availability. Monitors customer acceptance and commercial performance after launch and uses findings to guide product improvements and life cycle decisions.
- Coordinates with engineering on all product sustainment activities.
- Performs product rationalization analysis and makes recommendations for consolidation to support sales and operations objectives.
- Executes product rationalization initiatives as approved.
- Develops and executes a framework, in coordination with the Group Product Manager, to ensure competitive discounts meet company profitability objectives.
- Drives achievement of agreed growth and profitability objectives for assigned product lines in partnership with sales, marketing, engineering, operations, and finance.
- Monitors revenue, sales volume, margins, market penetration, and new product performance against established targets. Recommends and coordinates corrective actions to address performance gaps and pursue growth opportunities.
- Coordinates with advertising, sales, and marketing to ensure all product-related marketing and technical collateral remain current and accurate.
- Liaises with sales, engineering, and channel partners to stay informed on market and technical trends.
- Analyzes and provides revenue, product volume, and margin forecasts as required.
- Analyzes and recommends appropriate inventory levels to support sales and operational objectives.
- Provides training for customers, distributors, sales, and internal stakeholders as needed.
- Leads market share and competitive analysis to identify growth opportunities and guide assigned product line strategies and roadmap priorities.
- Performs other tasks, assignments, and goals as directed
Education/Certification
- Four (4) year degree in related field. B.S. Engineering Preferred. MBA preferred.
Experience Required
- Three (3) to five (5) years’ experience in a technical related field of an engineered capital product.
- Previous product management experience in a fast paced environment.
- Experience with industrial project management.
Knowledge, Skills, and Abilities
- Strong understanding of pump hydraulics, design principles, and manufacturing processes.
- In-depth knowledge of market analysis, product positioning, and financial performance management.
- Proficiency in Microsoft Office Suite and familiarity with ERP and MRP systems.
- Ability to read and interpret mechanical and electrical drawings.
- Excellent organizational, analytical, and communication skills.
- Strong leadership and problem-solving abilities.
- Ability to work effectively in cross-functional teams and build positive relationships across departments.
- Business acumen with the ability to assess financial impact of pricing, cost, and product changes.
- Self-motivated and adaptable, with a focus on continuous learning and improvement.
Physical Requirements and Work Conditions
- Mobility: Primarily sedentary position; requires regular sitting, with occasional walking, standing, bending, or reaching.
- Lifting/Handling: Occasionally required to lift or move materials up to 20 pounds.
- Dexterity: Frequent use of hands for computer work, document handling, and communication.
- Vision Requirements: Must be able to read technical documents, spreadsheets, and computer screens; requires close vision and color recognition.
- Hearing/Speaking: Must communicate clearly with employees, management, customers, and vendors in person and via phone or video.
- Environment: Typical office environment with regular exposure to a manufacturing setting.
- Travel: Requires regular travel by car or plane to distributor locations, customer sites, and company facilities as needed.
- Safety: Must follow all company safety guidelines while visiting production areas or field sites.