Strategic Cosmetics Product Leader
3 days ago
We are seeking a highly skilled and experienced Strategic Cosmetics Product Leader to join our team at Mekong Capital.
Job SummaryThe Strategic Cosmetics Product Leader will be responsible for developing strategies and managing operations for the cosmetics product line based on business needs, from idea development to market launch and sales. This includes overseeing purchasing activities with partners, analyzing profit and loss statements, conducting market and competitor research, and collaborating with the Marketing department to implement promotion programs and partnerships that drive growth for the product line.
Key Responsibilities- Department Operations Management: Develop the departments operations to meet the company's growth requirements, establish regulations and processes related to the work, and maintain a database of partner and product information for current and future projects.
- Strategic Planning for Brand Development, Product Lines, and Portfolio in the Cosmetics Sector: Analyze and identify trends and product characteristics to build a product portfolio structured around brands, product lines, SKUs, and store formats, in collaboration with the Marketing department and Training Center. Establish criteria for selecting products, partners, and suppliers, as well as for market segmentation and positioning, including color, size, volume, formulation, ingredients, packaging, and color trends.
- Product Lifecycle Management: Approve and oversee the entire product lifecycle from concept development to market launch, including product testing phases and the introduction of new items. Analyze and evaluate sales performance across various sales channels to enhance product quality or adjust selections and update the product portfolio accordingly.
- Inventory Allocation and Optimization: Optimize warehouse productivity by ensuring timely coordination of goods and maximizing storage space. Ensure sufficient inventory flow to support store operations, drive revenue growth, and enhance customer experience. Monitor purchasing processes and compliance with company regulations.
- Operational Budget Management: Develop annual expenditure plans based on yearly targets, analyze fluctuations, and initiate corrective actions as needed. Establish, monitor, and update actual monthly expenses, and create budget forecasts by predicting product demand in alignment with customer trading activities.
- Team Management and Performance Evaluation: Monitor, supervise, remind, and guide team members to ensure compliance with professional standards and company rules and regulations. Build, manage, and oversee the specialized team (if applicable), taking full responsibility for the department's operations and performance.
- Market Research and Competitor Analysis: Negotiate and maintain strong relationships with strategic and potential partners in the product line. Select and approve a network of strategic and potential partners, including the categorization of suppliers. Analyze sales data to identify partners that align with the company's product development strategy and objectives. Research market conditions and competitor performance to propose market-driven business strategies and target customer initiatives.
- Education and Language Skills: Bachelors degree or higher in Marketing, Business Administration, Economics, or related fields. Proficient in communication and correspondence.
- Computer Skills: Proficient in MS Office.
- Skills and Experience: Strong communication and problem-solving abilities. Ability to establish and maintain positive relationships. Detail-oriented with a keen awareness of information and data. Effective planning and reporting skills. Capability to multitask, with a commitment to continuous learning and innovation. Expertise in market analysis, product categories, and trend identification; understanding of the product development process in the cosmetics industry.
- Work Experience: Minimum of 10 years of relevant experience. Demonstrated responsibility and credibility in the workplace. At least 5 years of experience in a similar role within the cosmetics industry.
The estimated salary for this position is $120,000 - $180,000 per year, depending on experience and qualifications. We offer a comprehensive benefits package, including health insurance, retirement savings plan, paid time off, and opportunities for professional growth and development.
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