As a family-owned and operated company, we feel a special obligation to the employees who comprise our Taco family. We are committed to offering employees access to the tools necessary to live long and productive lives. We strive to instill in all of our employees:
- A positive mental attitude that helps us to be a leader in the industry
- A commitment to building strong relationships, both inside and outside the organization
- A desire to learn, grow, and contribute to moving our strategy forward
- A need to create and to innovate
Employment Type: Regular Full-Time Salary
Shift: 1st Shift
Work Status: Hybrid
Position Summary:
The Product Manager translates top-level business strategy into actionable product strategy to achieve corporate sales, margin, and financial goals for a specific portfolio of products sold in one or more specific regions or markets. They manage the execution of all processes in the product lifecycle from concept to end-of-life, including market research, competitor analysis, planning, positioning, requirements, roadmap development, and product launch. They assess proposed product additions and enhancements, evaluating their fit, functionality, technical complexity, and viability within the existing product portfolio and company capabilities. By integrating channel and industry insights into the product development process, they create a product portfolio that meets identified market needs. Additionally, the Product Manager is responsible for developing and maintaining a dynamic 5-year product roadmap, incorporating data from lifecycle evaluations of existing product lines.
Measures of success:
- Maintain and deliver portfolio and product roadmap updates to stakeholders on a regularly scheduled basis.
- Facilitate timely, high quality product portfolio decisions in a collaborative and cross functional environment.
- Identify, gain buy-in for, and execute cross-functional product line initiatives to meet or exceed revenue, profit, free cash flow, and wallet share targets.
- Meet pre-determined deadlines to support product portfolio reviews and new product development teams.
Responsibilities:
Responsibilities include but are not limited to:
- Develop and maintain a comprehensive product vision and strategy considering the entire product lifecycle.
- Oversee product development processes from inception to post-launch, coordinating with sales, engineering, production, marketing, and other key stakeholders to ensure product success.
- Develop a deep understanding of market size, trends, needs, pricing, and opportunities for assigned products and prepare strategic recommendations.
- Research, monitor, and evaluate competitive information, maintaining competitor tracking and information systems.
- Ensure products comply with regional, state, and national codes and standards.
- Create and maintain product strategy documents detailing business cases, high-level use cases, product requirements, revenue, and return on investment (ROI). Translate into up to date 5-year product roadmaps and secure internal approval for investments.
- Write Product Requirements and Market Requirements documents.
- Monitor sales and margin performance of new and existing products.
- Participate in monthly and annual unit, revenue, and profit forecasts for responsible product lines. Support sales and operations planning (S&OP).
- Determine product pricing strategies and recommend price adjustments to meet or exceed profitability targets.
- Develop and maintain close relationships with reps, customers, and the OEM sales group to determine and communicate market needs and trends.
- Coordinate and participate in voice of customer (VOC) interviews, beta tests, and field trials.
- Support evaluation of external vendors and identify product partnerships.
- Provide product and application expertise to enhance sales, advertising, public relations, and related activities.
- Participate in national and regional exhibitions as required.
- Assist sales personnel with product and technical document creation.
- Establish and support top-level training for customers, manufacturer’s representatives, and internal teams covering new products and modifications.
- Evaluate warranty data, participate in high-level field troubleshooting analysis, and coordinate action plans for continuous product quality improvements.
- Participate in long-range division planning and goal setting.
- Manage personal budget, including travel, education, and organizational memberships.
- Perform other related duties as required or directed.
Qualifications
Required:
- Bachelor’s degree in Marketing, Engineering or related field
- 5+ years of experience with progressive responsibility for sales, product management, product manufacturing, systems application, or business development preferably in the HVAC or plumbing industry
- Proficiency with Microsoft Office (Outlook, Word, Excel, etc.)
- Self-directed, good communication skills
- Travel as needed up to 20% of the time to trade shows, conferences, customers, and sales reps, and product related job site visits, etc.
Preferred:
- Master’s degree in Business Administration
- Project Management Professional (PMP) certification
- Experience with Epicor ERP (Enterprise Resource Planning), PowerBI, PDTrak and JIRA
Work Environment
This position works primarily in an office environment using computers and technology. Verbal and auditory capability are required. Occasional exposure in production plant where large equipment and noise are prevalent. Safety gear is required in these areas.
This position may work from home up to 2X/week if performance is in good standing.
Management:
This position has no direct reports.
Benefits
With nearly 1,000 people working at Taco worldwide, each with their own story, you will discover a sense of community and diverse, intelligent colleagues who help us innovate, create and explore.
Taco employees benefit from a company that:
- Provides competitive salaries and benefits
- Offers tuition reimbursement, career development, and on-site training programs in our learning center
- Believes in sharing profits with its employees
- Is mindful about family, health and well-being
- Fosters conditions that allow people and communities to reach their full potential
- Embraces and celebrates diversity
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