Manages the development of Private Brands products by collaborating and communicating with other business areas (for example, Brand Management, suppliers) to develop products; identifying and addressing technical and consumer drivers of category success; establishing product and category priorities; allocating product development resources; planning, coordinating, and monitoring product development projects; ensuring products and categories meet company goals (for example, profits, sales, market share, member experience) and brand identity; and coordinating senior management presentations by preparing professional and creative product presentations.
Builds and achieves strategic objectives and initiatives to optimize lower prices by ensuring cost goals are met to remain competitively positioned; developing timelines with cross-functional teams (for example, Brand Marketing, Merchandising); collaborating with Consumer Insights to test products; negotiating product specifications with the Merchant team; working with Brand Merchandising Managers to understand the critical needs of the Private Brands program; and supporting and driving corporate sustainability initiatives that help drive cost and waste out of the supply chain.
Selects and monitors suppliers for Private Brands programs by supporting cost negotiation with suppliers; working with merchants to ensure program will meet margin objectives; reviewing and assessing current supplier performance through an annual scorecard; monitoring the supplier matrix and product sourcing associates to ensure appropriate suppliers are selected; developing periodic audit plans to ensure quality; maintaining knowledge of total cost for pre-production to manufacture and ensure quality standards; sending strategic communication based on speed to market and supplier execution; and identifying and driving improvements in global procurement integration and execution.
Provides general and area-specific technical support to the Private Brands team by developing and maintaining relationships with internal and external resources; responding to product inquiries (for example, nutrition, performance criteria, food safety); advising other business areas (for example, Sourcing, Quality) regarding product development (for example, supplier selection, product and packaging specifications, evaluation parameters, member needs); developing product specifications; and ensuring that appropriate tolerances are incorporated into product specifications which balance member needs with manufacturing constraints.
Identifies and develops business opportunities for the Private Brands portfolio by analyzing the Private Brands portfolio; monitoring and evaluating competitor and industry products; recognizing, analyzing, and prioritizing product opportunities; contributing to the product development infrastructure by identifying and recommending infrastructure tools (for example, facilities, product evaluation protocols) and improvements; and identifying and engaging companies to perform services.
Minimum Qualifications...Outlined below are the required minimum qualifications for this position. If none are listed, there are no minimum qualifications.
Minimum Qualifications: Bachelor’s degree in Business Administration or related field and 4 years’ experience in product development or relevant area OR 6 years’ experience in product development or relevant area.
Preferred Qualifications...Outlined below are the optional preferred qualifications for this position. If none are listed, there are no preferred qualifications.
Masters: Business Administration