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Product Manager - Medical Devices
ArthrexUnited Statesfull_timeVerifiedPosted 31 Dec 2023
About the role
Requisition ID:
57971
Title:
Product Manager - Medical Device
Division:
Arthrex, Inc. (US01)
Location:
Naples, FL
Arthrex, Inc. is a global medical device company and a leader in new product development and medical education in orthopedics. Arthrex is actively searching for a Product Manager – Digital Enabling Technologies. Join our talented team at a global medical device company focused on Helping Surgeons Treat Their Patients Better.
MAIN OBJECTIVE:
- Plans, organizes, and controls an assigned product line or technology from conceptual stages through product life cycles to optimize profit and meet marketing, financial, and corporate growth objectives by performing the following duties.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Develops new products in conjunction with Marketing, Engineering and Sales Management personnel.
- Represents the Digital Enabling Technologies group by developing a working knowledge of potential technologies so that they may clearly communicate to the other areas of the business in search of solutions.
- Represent the other areas of the business to the Digital Enabling Technologies department by clearly communicating needs that exist so that proper solutions can be investigated, applied or developed.
- Manages day to day progress of product.
- Participates in overall product strategy, research and development requirements, development, and manufacturing coordination for new and emerging products.
- Coordinates technical product development, estimates of potential profits, and release to production specific to product line
- Collaborates with a wide variety of functional areas such as sales, engineering, marketing, manufacturing, and operations to develop and provide product definitions responsive to customer needs and market opportunities.
- Provides technical expertise and training to other departments in support of product development.
- Conducts marketing analysis to develop product definitions.
- Develops and maintains a prioritized list of customer and market requirements for product.
- Coordinates and develops marketing, sales, engineering, and financial plans for product line.
- Provides financial and technical justification for product selection and definition.
- Prepares product development objectives and schedules for all phases of product development and introduction to market.
- Conducts market research and identifies and tracks market trends in company's industry.
- Produces competitive analysis materials comparing product with its key competitors.
- Identifies partnering opportunities for complementary third-party products to broaden company's product line.
- Participates in key sales situations for the product.
- Maintains communications and contacts to collect and analyze technical, financial, schedule, and sales information for product line.
- Identifies market potential, establishes pricing and market strategies, estimates potential sales, introduces market, distribution/channel issues, and manages mature product through phase-out.
- Provides expertise in particular product area and develops strategies and applicable portions of the company business plan.
- Plans, organizes, and coordinates assigned programs to ensure accomplishment of financial/budgetary goals and optimum allocation of resources.
- Manages resources to execute assigned programs.
- Coordinates details of program within the organization with a wide range of functions and individuals.
- Coordinates product introduction and market exploitation with marketing and sales organizations to ensure maximum penetration of market segment.
- Provides continuing product surveillance and management of established product to obtain financial objectives.
- Responsible for tracking product development through the development process from product concept, design, prototype to actual release by resolving issues that arise.
- Drives and champions development requirements and ensures that project risk is minimized. Submits reports and status updates to senior management.
- Determines the initial production quantities and twelve-month moving forecast.
- Acts as the primary interface with assigned customers and its agents for all matters.
- Responsible for maintaining communication with the customer to maintain and control project scope as applies to defined design, budget, quality and schedule agreements.
- Provide technical assistance with complex customer issues as well as consulting services to streamline customer internal management processes.
- Confers with project staff to outline/negotiate work plans, assign duties and responsibili
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