Saya Stationery- NPD

Job Purpose:

To lead, plan, and execute the development of new products from concept to market launch, ensuring alignment with the company's strategic goals, customer requirements, and profitability objectives.

Key Responsibilities:

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1. Product Strategy & Planning: \n
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   • Identify and evaluate market opportunities for new products based on market trends, customer feedback, and competitor analysis.
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   • Define product roadmaps, timelines, and development priorities aligned with business objectives.
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   • Prepare feasibility studies and cost-benefit analysis for proposed products.
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2. New Product Development: \n
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   • Lead the design, prototyping, and testing phases of new products, ensuring adherence to quality and cost targets.
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   • Coordinate cross-functional teams (design, production, procurement, quality) to drive timely product development.
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   • Prepare and monitor project budgets and timelines.
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3. Market & Customer Analysis: \n
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   • Gather and analyze customer needs, market gaps, and competitor products to define product specifications.
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   • Conduct customer trials and collect feedback for refining products before full-scale launch.
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4. Supplier & Material Coordination: \n
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   • Liaise with suppliers for new material/component identification, trials, and approvals.
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   • Collaborate with the purchase team for sourcing and cost negotiations of new materials.
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5. Quality & Compliance: \n
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   • Ensure all new products comply with quality standards and regulatory requirements.
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   • Document and maintain technical specifications, product BOMs, and work instructions.
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6. Product Launch: \n
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   • Plan and coordinate pilot production runs and commercial production ramp-up.
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   • Support sales and marketing teams with product training and technical information for effective market launch.
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7. Continuous Improvement: \n
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   • Analyze product performance post-launch for further improvement opportunities.
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   • Implement feedback received from customers and sales teams for enhancing product features and performance.
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Key Skills & Competencies:

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• Strong project management and organizational skills.
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• Knowledge of product design, materials, and manufacturing processes (stationery/packaging/related industry preferred).
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• Market research and data analysis capabilities.
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• Effective communication and cross-functional collaboration.
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Qualifications & Experience:

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• Bachelor's degree in Engineering, Product Design, or a related field (Master's preferred).
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• 5–8 years of experience in product development, preferably in the stationery, FMCG, or manufacturing sector.
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• Proven track record of managing new product development projects from concept to launch.
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Key Performance Indicators (KPIs):

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• Number of successful new products launched within planned timelines and budgets.
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• Achievement of target product margins.
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• Customer satisfaction and feedback on new products.
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• Reduction in product development cycle time.
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• Cost savings through material optimization and process improvements.
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