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Manager of New Product Development

Buffalo Grove, IL 60089

Posted: 05/09/2017 Employment Type: Direct Placement Category: Manufacturing Engineer Job Number: 70934

Responsibilities:
  • Manages and coordinates product development initiatives.
  • Evaluates and resolves technical feasibility, design optimization, and production issues.
  • Ensures that labeling and marketing/promotional literature match product specifications.
  • Researches and monitors existing client base and industry developments and identifies potential new product opportunities.
  • Works with other departments to establish a design, technology, product development, and vendor strategy.
  • Manages project budgets and prepares financial analysis reports for top management.
  • Relies on experience and judgment to plan and accomplish goals.
  • Performs a variety of tasks.
  • Leads and directs the work of others.
  • A wide degree of creativity and latitude is expected.
  • Works as an integral part of company' s  Engineering and Sales/Marketing Groups.

Essential Duties and Responsibilities: Include the following. Other duties may be assigned.
  • In collaboration with Engineering, Sales & Marketing, and/or Business Development develops new products to maintain  or grow company  market leadership position(s). 
  • Develops technology roadmap to drive prioritization of NPD activities based on market needs, product obsolescence, and competitive threats, etc. ensuring alignment with company  Strategic Plan. 
  • Reviews project proposal or plan to determine time frame, funding limitations, procedures for accomplishing project, staffing requirements, and allotment of available resources to various phases of project. 
  • Obtain and/or prepare market research on proposed new products/markets. 
  • Champion launch of new products, supporting Sales and/or Business Development in order to achieve budgeted sales targets. 
  • Establishes work plan and staffing for each phase of project, and arranges for recruitment or assignment of project personnel. 
  • Confers with project staff to outline work plan and to assign duties, responsibilities, and scope of authority. 
  • Directs and coordinates activities of project personnel to ensure project progresses on schedule and within prescribed budget. 
  • Supervise, develop, motivate and hold accountable direct reports
  • Establish and Maintain Department Budget Maintain Department Project Schedules – Enforce use of MS Project by direct reports
  • Responsible for all NPD activities including project management; engineering; interface with product partners, consultants, suppliers and other relevant outside resources.
  •   Implement new Corporate Development Framework and maintain NPD process including all corresponding documentation: Project Team; Project Scope; Project Charter; Phase Sign-Offs etc. 
  • Hold regularly scheduled NPD review meetings with company  staff and other key participants to provide regular updates on project status, schedules, risks etc. 
  • Create NPD bowling chart to reflect company  STRAP and maintain chart to track project progress and current status.
  • Hold regular PDS review meetings with engineering staff and NPD project management and teams. 
  • Day to day collaboration with Design Standards & Application leads to assess and agree upon project priorities and resource utilization.

Qualifications:
  • Bachelor' s degree (B. S.) in engineering (Mechanical or Electrical), from four-year college or university; MBA or equivalent.
  • Project Management Professional (PMP) Certification is a plus, with demonstrated success in Product Management area (P&L responsibility for key product lines within a larger organizational structure).
  • Familiar with a variety of the field' s concepts, practices, and procedures.
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