Product Manager - (Tire & Steering)
Company: MTS Systems Corporation
Location: Eden Prairie
Posted on: August 2, 2022
Job Description:
Company Description
- SMART PEOPLE * SMART IDEAS * SMART CHOICEA thriving environment
for learning, innovation and growth.Why do so many people join MTS
Systems Corporation and stay for a career? Because this is a place
where you get to apply your creativity, work with smart people on
fascinating projects, and make a positive impact on people's lives.
It is a place where you can learn, innovate and grow
professionally.Transforming what's possible with cars, aircraft,
bridges, wind turbines and space-age materials - this is work we
dream about as kids. At MTS, it's a rewarding career path for
talented individuals who are willing to work hard, think hard, and
commit to solving complex and critical challenges for our customers
around the world, many of whom are leaders in their respective
industries.By joining MTS, you'll have access to the latest tools
and technologies, along with the support of colleagues who are
passionate about their work. You'll discover a dynamic culture of
continuous improvement that extends to our people, one that offers
numerous ways to expand your knowledge and advance your career. And
because we are a global company, your work may also include world
travel.Job DescriptionMTS Systems is hiring for a Product Manager -
within our ground vehicle division specific to Tire and wheel
testing. The ideal candidate will have 3-5 years in a similar type
role. Will have an degree in engineering and possible MBA with a
marketing focus. Will be responsible for:
- Voice of Customer
- How to bring value to the customer
- Identify the pain point of the customer
- Bring value to the customer
- Market Research
- Translate to engineers
- Create business plan for product line
- Road map for investments
- Understand the competitorsThe ideal candidate will be an leader
and influencer.Primary ObjectiveManage assigned products to ensure
the global success over their entire life cycle. Ensure the
products meet market needs now and, in the future, and by
maximizing customer satisfaction while achieving the product goals
for growth, profitability, quality, and market share, consistent
with business unit's objectives and strategies.Major Areas of
Accountability
- Direct product development strategy making decisions on product
development, solutions, aftermarket, and service offerings that
meet market needs. Create new product development business cases
and justifications. Define key product benefits and value
propositions. Lead the cross-functional creation of the annual
product development (R&D) and maintenance (CE) plans,
proposals, and budgets. Initiate R&D projects and lead these
projects in collaboration with assigned engineers through the MTS
development process.
- Define market requirements for the product by obtaining
customer input, performing competitive analysis, and determining
market pricing. Identify product development targets including
market pricing, cost, performance, quality, lead time,
serviceability, ability to upgrade, and manufacturability. Set
product performance, cost, and lead time targets to meet customer
expectations. Collaborate with Engineering to develop technical
specifications and estimates. Determine the opportunity and need
for patent, copyright and trade name considerations, and coordinate
with Engineering, Marketing Services and Legal to protect MTS'
intellectual property.
- Create and maintain product plans and implement them according
to defined product line roadmaps and identified aftermarket
strategies over the entire life cycle. Manage product line
performance to achieve business objectives of growth and
profitability. Manage the trade-offs between product cost,
performance, and quality to optimize the financial potential of the
product in the marketplace considering customer requirements, time
to market, and value. Create and maintain product forecasts. Define
expectations and requirements for customer support and customer
service. Collaborate with service operations to implement global
service strategy for product line.
- Define product launch strategy and set objectives for product
launch. Work with Marketing Services on execution of plans and
decisions. Develop and conduct sales readiness training to prepare
channel to support new product introduction and meet launch
objectives. Measure product launch effectiveness. Define product
messaging including target customers and applications, product
positioning, and competitive environment. Work with Marketing
Services and Subject Matter Experts to create sales tools
(brochures, product specifications, bid specs, specific feature
descriptions, application briefs and customer testimonials) to
support sales opportunities.
- Develop and implement pricing for product offerings. Develop
promotional pricing strategies. Configure internal pricing tools
and systems. Manage pricing to achieve business objectives over the
entire life cycle. Monitor product price performance.
- Respond to and solve customer product problems. Champion
customer quality problems. Monitor customer experiences and
advocate on their behalf. Identify and document global trends in
customer feedback and prioritize action plans. Identify role for
key customers in product development and Voice of Customer to
engage influential thought leaders and develop relationships.
- Enable Selling by identifying target markets and customer types
to focus their efforts on optimizing return on sales investment.
Collaborate with Selling on creation of sales strategy for key
pursuits. Support lead generation activities and programs. Develop
sales tools and content for outbound marketing efforts. Support
Marketing Services on execution of marketing plans.
- Support strategic planning, market planning and execution.
Provide perspective on key market trends to support annual
strategic planning activity. Identify alignment of product strategy
to market competitive strategy. Support Market Management in
creation of market plan and prioritize product investments to match
market plan objectives.
- Continuously evaluate the competitive landscape to define
features/benefits and unique competitive advantages of the assigned
products.
- Participate in technical conferences, society meetings, trade
shows and standards meetings to develop insight to into the use of
assigned products by the customer base. Submit and present
technical papers that help position specific product features of
significant importance to the customer base.
- Participate as a first-tier technical resource in specific
sales opportunities as request by sales to improve our probability
of winning specific orders.
- Other duties as assigned. QualificationsMinimum Qualifications
- Bachelor's degree or equivalent
- 5 years of relevant engineering or marketing experience
- Ability to travel domestic and international up to 30%
- Knowledge of assigned product family;
features/performance/benefits.
- Knowledge of competitive products and customer
applications.
- Knowledge of the sales process.
- Marketing experience; product positioning, value proposition,
portfolio analysis and management of the product lifecycle.
- Excellent written and communication skills.
- Presentation skills and ability to interface and work directly
with customers.
- Ability to build relationships, lead cross functional teams and
build consensus among diverse stakeholders.
- Problem solving ability and analytical business
skills.Preferred Qualifications
- Experience with Stage Gate Product Management
- Basic understanding of test technologies and
methodologies.
- Some technical and financial risk.
- Knowledge of product management processes (product development,
product lifecycle management, product launch, pricing strategy and
management).
- Able to assemble and lead a product team and drive the team
through successful completion of product objectives.
- Able to express oneself effectively and successfully influence
others through written or spoken language.Additional InformationAll
your information will be kept confidential according to EEO
guidelines.MTS is an equal opportunity employer. We value our
colleagues' unique perspectives, experiences and ideas and create
workplaces where everyone can develop their careers and perform to
their full potential. As an equal employment opportunity employer,
MTS is committed to equal employment opportunity and fair treatment
for employees, beginning with the hiring process and continuing
through all aspects of the employment relationship. All qualified
applicants will receive consideration for employment without regard
to race, color, sex, gender identity, sexual orientation, religion,
national origin, age, disability, protected Veteran status or any
other characteristic protected by applicable federal, state, or
local laws. ITW is an equal opportunity employer. We value our
colleagues' unique perspectives, experiences and ideas and create
workplaces where everyone can develop their careers and perform to
their full potential. As an equal employment opportunity employer,
ITW is committed to equal employment opportunity and fair treatment
for employees, beginning with the hiring process and continuing
through all aspects of the employment relationship. All qualified
applicants will receive consideration for employment without regard
to race, color, sex, gender identity, sexual orientation, religion,
national origin, age, disability, protected Veteran status or any
other characteristic protected by applicable federal, state, or
local laws.
Keywords: MTS Systems Corporation, Eden Prairie , Product Manager - (Tire & Steering), Executive , Eden Prairie, Minnesota
Didn't find what you're looking for? Search again!
Loading more jobs...