Product Development Manager

2 weeks ago

Kuwait City, Al Asimah beBeeBuyer Full time 4,000 - 7,000
Product Development Manager

We are seeking an experienced Product Development Manager to join our team.

About the Role:

The Product Development Manager will be responsible for driving profitable sales and enhancing customer satisfaction by developing and executing a comprehensive product range that meets the buying critical path. This involves sourcing, negotiating, and managing a portfolio of products that align with our customer, brand positioning, and financial objectives.

Main Responsibilities:

  • Strategic Category Management:Develop and implement category strategies to optimize product mix, pricing, and profitability. Conduct market analysis, identify trends, and deliver product innovation.
  • Supplier Relationship Management:Build and maintain strong relationships with key suppliers to ensure product quality, timely delivery, and competitive pricing. Negotiate contracts and drive cost reduction initiatives.
  • Financial Performance:Achieve and exceed sales, margin, and inventory turnover targets. Conduct regular performance analysis with merchandising and take corrective actions as needed.
  • Team Leadership:Lead and develop a high-performing Junior/Assistant Buyer. Set clear expectations, provide guidance, and foster a collaborative work environment.
  • Cross-Functional Collaboration:Collaborate effectively with design, merchandising, sourcing office, marketing, sales, VM, and operational teams to ensure seamless product lifecycle management.
  • Market Analysis:Monitor market trends, competitor activities, and customer preferences to identify opportunities and mitigate risks.
  • Driving Sales:Lead a culture of driving sales & profits with junior team members and cross-functionally.
  • Digital:Work closely with the merchandising, online, and marketing teams to deliver online product strategy.

Requirements:

  • At least 5 years of buying & product development experience.
  • In-depth knowledge of and experience in buying & product development in Home Furnishings.
  • Professional development in retail strategy/category management.
  • Excellent analytical skills and aptitude to draw out plans and assess accurately the market needs for the category.
  • Excellent written and verbal communication skills.
  • Excellent MS office skills + knowledge of SAP or Business Objects preferred.
  • Strong relationship building skills.
  • Strong negotiation skills.
  • Organizational leadership skills.
  • Attention to detail/analytics.
  • Superior drive/follow-up.

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