Product Manager, Portfolio Optimization

This is a fully remote position, open to applicants in New York, +1 more state.

📋 Description

• Enhance the performance of products currently in the market within the designated sales channel.

• Track sales, margins, and portfolio performance across various categories, customers, and channels.

• Evaluate business trends and propose actionable strategies.

• Lead monthly and quarterly business reviews, pinpointing risks and opportunities.

• Oversee the complete in-market lifecycle, including optimization, SKU rationalization, product transitions, and end-of-life strategies.

• Identify mature or declining products and create strategies to revitalize, reposition, or phase them out.

• Ensure a healthy assortment that aligns with channel and customer requirements.

• Refine assortment, line architecture, and positioning to minimize overlap and enhance competitiveness.

• Take ownership of pricing oversight and strategy in line with margin targets, competitive positioning, cost variations, and market trends.

• Collaborate with sales on pricing implementation and strategies at the customer level.

• Implement cost-reduction and value engineering initiatives to boost profitability.

• Partner with sourcing, engineering, and operations to decrease COGS while maintaining quality and performance.

• Assist with website content updates, product inquiries, sales support, and resolution of quality issues.

• Direct cross-functional execution of promotions, SPIFs, demand-driving initiatives, ECRs, product updates, enhancements, and customer pricing actions.

• Coordinate with sales, marketing, sourcing, operations, finance, regulatory, and quality teams on ownership, timelines, decisions, and execution.

• Manage excess and slow-moving inventory and formulate disposition strategies.

• Enhance inventory health through demand-driving initiatives, inventory runout plans, and execution of product phase-outs.

• Utilize feedback from customers, sales, quality, and operations to prioritize ongoing improvements.

• Leverage AI-enabled tools, workflows, and process enhancements to boost quality, efficiency, and output.

• Report directly to the Sr Director of Product Management.

• Collaborate cross-functionally with Sales, Marketing, Operations, Finance, Sourcing, Quality, Engineering, Regulatory, and Customer Service teams.

⛳️ Requirements

• 3-5 years of experience in product management, category management, portfolio management, or business management.

• A Bachelor's degree is required in Business, Marketing, Engineering, Healthcare, or a related field.

• Preference for experience in the medical device or healthcare industry.

• Preferred experience managing in-market product portfolios.

• Strong background in performance analytics, pricing strategy, and margin management.

• Proven experience leading cross-functional initiatives and operational execution.

• An advanced degree is preferred.

• Strong analytical skills and data-driven decision-making capabilities.

• A problem-solving mindset with the ability to translate insights into actionable plans.

• Excellent business and financial acumen, including margin management expertise.

• Sound judgment in portfolio and assortment management.

• Discipline in execution and accountability.

• A customer-focused approach.

• Orientation towards continuous improvement.

• Strong skills in cross-functional collaboration and influence.

• Advanced proficiency in Excel and data analysis (pivot tables, lookups, large datasets).

• Product knowledge and the ability to quickly understand category dynamics.

🏝️ Benefits

• Competitive Benefits.

• Paid Time Off.

• Incentive Plan.

• 401(k) Savings Plan.