Product Manager
bf1systems Ltd
Job description
Role Purpose
• The role involves applying technical expertise and a deep understanding of sensor technology to enhance existing products' performance, robustness, and reliability, while ensuring alignment with bf1 group's strategic goals and market needs.
• Drive continuous improvement in current product offerings to maximise their effectiveness and longevity, laying the foundation for future product innovations.
• Provide input to the business plan to deliver commercial growth in line with strategic objectives.
• Manage a defined portfolio of bf1 products throughout their entire lifecycle, ensuring they meet technical and commercial success criteria.
• Own and communicate the vision, strategy, and technical roadmaps for the product line, collaborating with internal and external stakeholders to ensure delivery and alignment.
• Act as the bridge between technical and commercial teams, translating market and technical requirements into actionable plans that drive value and profitability.
Key Responsibilities
Market Intelligence & Market Studies
• Conduct thorough market analysis to identify current and future needs, particularly in sensor technology applications, translating findings into clear product requirements.
• Monitor the competitive landscape and technological advancements to guide product improvements and innovations.
• Assess the Intellectual Property (IP) landscape and its implications for product development and market strategy.
Voice of Customer (VOC) & Collaboration
• Gather and analyse Voice of Customer (VOC) insights from internal and external stakeholders to identify opportunities for product improvements and feature enhancements.
• Collaborate closely with customers to identify key challenges and translate feedback into robust product solutions.
• Develop relationships with partners, suppliers, and academic institutions to leverage complementary technologies and drive technical innovation.
Business Case & Product Justification
• Define cost targets for new products, design changes, and material/technology enhancements to balance performance and profitability.
• Build and present business cases for product improvement initiatives, including financial forecasts, pricing strategies, and return on investment analysis.
• Perform cost-benefit analysis for new technologies and product updates to support decision-making and resource allocation.
Product Portfolio & Lifecycle
• Manage the full product lifecycle for sensor-based technologies, with a focus on improving robustness, reliability, and manufacturability.
• Prioritise the enhancement and growth of existing product lines, identifying opportunities to enter adjacent markets where applicable.
• Proactively manage product obsolescence, ensuring continuity of supply and identifying alternative solutions as needed.
Product & Technical Roadmaps
• Develop, own, and communicate detailed technical roadmaps for the product portfolio, with a strong focus on product robustness, software reliability, and sensor performance.
• Prioritise product fixes, feature enhancements, and technical improvements to meet customer and market expectations.
• Work closely with Functional Engineering leaders to align product roadmaps with technical capability and development timelines, involving frequent travel to bf1 facilities.
• Support the preparation of early-phase product documentation to enable timely and informed decision-making processes.
Product Positioning, NPI & Delivery
• Collaborate with key stakeholders to define product positioning and develop go-to-market strategies that ensure successful execution.
• Work closely with Project Management, Technical Management, and Sales teams to deliver products to market on time and to specification.
Product Line KPI’s & Financial Performance
• Support Finance and Project Management in defining and reporting key KPIs for product performance, including business cases, product line P&L, and ROI.
• Monitor, report, and continuously improve the profitability of products within the portfolio, working closely with Finance.
• Collaborate with Finance and Project Management to effectively manage product budgets and identify opportunities for cost optimisation.
Knowledge, Skills & Experience
Experience
The Product Manager should demonstrate expertise in at least one area, while being passionate about all three, and able to collaborate effectively with practitioners across the following disciplines:
• Business: Product Management is, above all, a business function focused on optimising product performance while maximising value throughout the product lifecycle.
• Technology: Identify, evaluate, and integrate new technology ideas and opportunities in alignment with company criteria.
• User Experience: Act as the voice of the user within the organisation, ensuring that product developments align with end-user needs and expectations.
Knowledge, Skills & Qualifications
• Strong technical background, with excellent commercial awareness and sound business acumen.
• Preferably a degree in engineering or a related discipline.
• Relevant experience with sensor technologies or equivalent products.
• Ability to articulate vision and ideas effectively to internal and external stakeholders at all levels.
• Capable of tactfully challenging assumptions and building strong internal networks to influence outcomes positively.
• Proficient in interpreting and communicating financial and accounting information from a product perspective, with an understanding of the financial impact of decisions.
• Proactive approach to problem-solving, identifying and prioritising issues effectively.
• Creative thinker, able to produce workable ideas and innovative solutions.
• Collaborative mindset, fostering teamwork and shared success in achieving results.
bf1 Vision - why do we exist?
• To Be the Competitive Advantage
Values - how do we behave?
• Commit Be Courageous Have Fun
- Job type
- Permanent
- Posted
- 2024-12-23T00:00:00
Skills
- Attention-to-detail
- communication