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Product Manager

Full Time 40 Professionals Warrenville, Illinois, US
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Performance Health is seeking a Product Manager to join our team. As a Product Manager at Performance Health, you are the product owner responsible for strategy, profitability, revenue and lifecycle of assigned products.Essential Job Duties & ResponsibilitiesOversee product lifecycle management, including onboarding, discontinuation, and sourcing initiatives. Lead packaging initiatives in collaboration with the packaging team, ensuring alignment with brand and regulatory requirements. Proactively assess vendor risk (concentration, sole-source, financial health) to prevent unplanned discontinuations.Coordinate cross-business unit (BU) activities to ensure product alignment and synergy, Own commercial input into the S&OP process: drive demand forecast accuracy, advise on inventory and safety-stock targets jointly with supply chain, and be held accountable for availability, service level, and cost outcomes.Own vendor performance management and risk mitigation: maintain vendor scorecards, assess concentration and sole-source risk, and drive dual-sourcing decisions for assigned categories.Monitor and report on key performance indicators (KPIs) for product and category performance, including forecast accuracy, service level, inventory turns, sales performance and margin %, and execute corrective actions based on those insights.Monitor post-launch product performance and lead continuous improvement initiativesLead Stage Gate process for product management along with cross-functional partners to ensure timely progression through development phases, including launch demand and inventory planning.Communicate product updates and strategies to sales teams and organize training for internal and external stakeholders. Conduct market research and competitive analysis to identify trends and opportunities.Be the subject-matter expert on market insights for assigned categories, drawing on online information, relationships with key sales reps and vendors, and field travel to interact with customers.Participate in Pricing Committee by researching and aligning with commercial leads on vendor price increases: assess margin impact for assigned products and support the pricing team's mitigation recommendation (absorb, pass through, re-source, or renegotiate) to the Pricing Committee.Accountable for the product P&L (sales and gross margin) for assigned categories, including branded and distributed products and the impact of in-year price increases.Drive the private-label conversion process for assigned categories: identify conversion candidates, partner with sourcing on vendor selection and product development, and track margin improvement against targets.Oversee IFU developmentWork closely with regulatory affairs to support product submissions and ongoing compliance.Conduct competitive pricing analysis and recommend adjustments as needed.Directly supervise assigned Associate Product Manager(s): delegate, review, and develop, beyond informal mentoring.Performs other duties as assignedJob QualificationsBachelor’s Degree
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  • Professionals, Warrenville, Illinois, United StatesRemove