Sr Product Manager
Company: Disability Solutions
Location: Charlotte
Posted on: September 21, 2023
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Job Description:
Innovate to solve the world's most important challengesThis role
will require relocation to one of the areas listed
within 1 year of accepting the role: Charlotte, NC - Houston, TX -
Pittsburgh,
PA - Cincinnati, OH.----The
Honeywell Sr. Product Manager is responsible for developing and
optimizing an offering
portfolio strategy based on customer insights, competitive and
market
intelligence, and executing that strategy to optimize the
offerings, market
position, organic growth, and financial return of the product
portfolio across
the product lifecycle. Product Managers work closely with
cross-functional
departments, such as engineering/R&D, manufacturing/sourcing or
software
development, internal sales and field sales, marketing, as well as
Honeywell
senior executives to maximize the growth, development and return on
investment
of the organization's product portfolio today and in the
future.The
Sr. Product Manager will actively manage a complex portfolio for a
BTI, SPS LOB
and drive improvement initiatives across functions. This role will
be within
warehouse automation, and the software and robotics within that.--
The role will collaborate with partners and
customers to develop solutions in the IIOT space, specifically
around the
Connected Smart Warehouse, Robotics including but not limited to
Autonomous mobile
robots, Robots as a service, and end to end supply chain automation
solutions.
They should have demonstrated advanced skill levels across all the
below
competencies.-- This role's primary focus
will be on warehouse automation, focusing on software and other
robotics.PRIMARY RESPONSIBILITIES - Area of focus - Warehouse
Automation
and RoboticsMarket Research &
Competitive Landscape.--Understand
big-picture market drivers, challenges, competitors, and overall
business
environment within warehouse automation. Identify critical gaps and
execute
primary/secondary research to address or leverage the Strategic
Marketing Team
to do so. Calculate the maximum potential market size (Total
Addressable Market
- TAM) with help of the Strategic Marketing Team, evaluate the
solution for
commercial viability, and calculate Share of Demand (SOD).
Continually assess
market traction and competitiveness to re-evaluate New Product
Introductions
(NPI), pricing, or end-of-life (EOL) actions.Voice of Customer &
Segmentation.--Able to
conduct both VOC and Observational VOC (OVOC) by spending time with
customers.
Perform continuous discovery to identify and articulate the high
value problems
customers have, and the linkage of those problems to how customers
make money.
Connect key customer stakeholders and what our offerings do for
them, and which
needs drive purchase decisions. Evaluate sources of disruption and
understand
the customer decision journey and how to utilize key personas to
transition to
each step. Perform customer market segmentation analysis.Value
Proposition &
Competitive Positioning.--Identify and
state the target segment and problem to be solved in value
propositions.
Understand the value drivers and quantify them relative to the Next
Best Alternative
in value propositions. Perform competitive analysis of Honeywell
products and
services vs. the Next Best Alternatives. Work with Customer
Marketing (CM)
& Commercial Excellence Teams (CE) (i.e., Sales and Service) to
communicate
value propositions and their monetary values to the customer.New
Offering Management.--Translate
customer and business needs within warehouse automation into
actionable product
requirements. Provide customer marketing with appropriate
information on
offering, target segments and value propositions for effective
sales collateral
and campaigns. Ensure requirements of each participating function
are
accurately represented in the product plan and launch
timeline.Business Models & Pricing.--Define
the appropriate value capture model (one-time sale, subscription,
service,
outcome-based, etc.) and pricing strategy based on appropriate
value share
relative to Next Best Alterative and ensure implementation by the
commercial
excellence team. Develop financial models for new and current
offering, quantifying,
and balancing expected revenue against investment and ongoing fixed
and
variable costs to estimate projected margin, operating income,
revenue, and
return on investment. Develop a negotiation walk to close a sale
for/with sale.
Utilize a management operating system (MOS) to track pricing -
PVA
(price-volume analysis), etc. Demonstrate variable margin
understanding and the
linkage pricing has to margin performance.Portfolio Lifecycle
Management.--Understand, articulate, and own the financial impact
for
portfolio decisions (both P&L & balance sheet) and ensure
alignment
with business strategy for warehouse automation. Build and maintain
a
multi-year roadmap which includes a detailed 1-year plan and take
action
relative to changing market conditions, competitor actions, and new
entrants.
Effectively manage products across their lifecycle from demand
planning of new
offerings through SIOP on ongoing basis through including managing
End of Life
(EoL). Apply 80/20 analysis to portfolio to define offerings that
should be
sunset and appropriate pricing during sun setting and address
sourcing factory
utilization impacts.YOU MUST HAVE
Keywords: Disability Solutions, Charlotte , Sr Product Manager, Executive , Charlotte, North Carolina
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