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Product Manager - Flexibles & Closures: Food…
- TriMas Corporation (Bloomfield Hills, MI)
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As a Product Manager for TriMas Packaging's Closures & Flexibles division, you will play a pivotal role in driving the success of our product portfolio on a global scale. You will be responsible for developing and executing product strategies to meet market needs, driving innovation, and maximizing profitability. This role requires a combination of strategic thinking, market analysis & insight, and exceptional cross-functional collaboration to ensure the success of our products now and into the future.
Key Responsibilities:
+ Develop & execute comprehensive product vision & strategies aligned to the company's overall objectives & market trends.
+ Conduct market research, competitor & supplier analysis, & customer feedback to identify opportunities for product differentiation & innovation.
+ Define product positioning, pricing strategies, and go-to-market plans to maximize market penetration and profitability.
+ Manage the entire product lifecycle from concept to end-of-life, including new product development, launch planning, and product rationalization. Illustrate via product roadmaps.
+ Collaborate with cross-functional teams including R&D, manufacturing, sales, PMO & GMs to ensure timely and successful product launches.
+ Monitor product performance and market trends, making data-driven decisions to optimize product offerings and drive continuous improvement.
+ Identify and evaluate opportunities for market expansion in new geographic regions and market segments.
+ Develop and execute market entry strategies, including market positioning, exclusivity & prioritization and any regulatory or local compliance requirements.
+ Work closely with regional sales teams to support local market expansion initiatives & T1 focus to drive revenue growth.
+ Build strong relationships with key (T1) customers and partners to understand their needs, preferences, and pain points.
+ Gather customer feedback & insights & expert opinions to inform product development priorities and enhancements.
+ Act as a product expert and provide training and support to internal teams and customers as needed.
+ P&L responsibility for the allocated product line
+ Develop and manage product budgets, forecasts, and SMART KPIs including financial sales & profit metrics.
+ Monitor product profitability, pricing strategies, and cost optimization initiatives to ensure alignment with financial goals.
+ Identify opportunities for revenue growth and cost savings to drive overall profitability.
This role is required to be on-site 5 days at one of the following desired cities:
+ Bloomfield Hills, Michigan
+ Indianapolis, Indiana
+ Auburn, Indiana
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