Product Manager (Make up)
Responsibilities
1. Product Strategy & Development
- Develop and manage annual/long-term Make up product portfolio strategies based on market trends, competitor analysis, consumer/customer/professional insights leveraging, and brand strategy. Suggest make up development and colors(face/lip) closely working with central & region supported Marketing manager
- Pro-actively identify opportunities for existing product improvement and new product launches, working with strategic thinking. Base on the marketing calendar and analysis of the Korean Market, needs, and trend, establish the market- mix of all new products.
2. New products
- Lead the entire planning process from new product forecasting, pricing, RA and many maintenance tasks on daily inventory management.
- Prepare the promotion plan to maximize the potential sales of all new product launches. After the launch of new products, analyze the sales results and the reaction from the market and feedback to region & central through Launch feedback
3. Forecast
- Accurately forecast demand for new and basic products, coordinating with relevant departments for production and inventory management.
4. Stock
- Meet regularly Forecast meeting with planning team to highlight and prevent problems of product arrival and availability, out of stock position, production problems in order to improve the stock control.
- Inform the Marketing and Sales department when necessary and recommend solutions.
5. Reporting
- Weekly report to the top management and other relevant reports (new product launch result / qualitative feedback, etc) to communicate with Region & Central team.
- Provide product dashboard to all related departments, if necessary.
6. Expenses
- Establish a yearly budget by action in terms of events and campaigns, monitor these expenses to ensure that budget is adhered to and not exceeded.
- Maintain flexibility enabling charge according to business demands to maximize budget effectiveness.
Profile
Bachelor’s degree or above. Over 7 years PM/BM experience in cosmetic industry (Makeup experience is essential) Deeply interested in the cosmetic industry, makeup product and market trend Strategic problem-solving skills based on a pro-active and flexible mindset. Excellent communication and collaboration skills as a team player working with diverse departments and stakeholders. Proficiency in Korean & English communication Other Skills: Proficient with Excel & PPT Korean Speaking
