Product Manager, Cannabis Industry
Client Background
Our rapidly growing client is one the earliest publicly traded companies serving the legal cannabis industry. We are assisting them in completing their merchandising, supply chain, and marketing organizations. This is an entrepreneurial environment that is looking for B2B and B2C talent to mature business processes while supporting continued rapid expansion. Candidates will be self confident and able to operate in a dynamic environment while leading or participating in establishing and hardening merchandising, supply chain, and ecommerce processes.
Job location: Boca Raton, FL
Position Summary
The Product Manager’s job is to maximize the company’s profit from selling products within a specific category. They analyze data collected on shopper behavior from a range of different sources and then translate it into meaningful information. The goal is to increase sales and profitability of business to drive sustainable growth and category development.
Duties & Responsibilities
- Develop and analyze category and assortment data or insights to determine industry and consumer trends.
- Working with vendors, develop shot and long-term development strategies for product categories, and assortment plans to deliver budgeted sales, gross margin, and inventory turns.
- Manage sku life cycle developing launch and exit strategies.
- Foster trust relationships with vendors to achieve better pricing and quality of services.
- Based on market conditions and company financial goals, develop product category role and intent strategies to maximize sales and profit potential.
- Collaborate with sales and marketing teams to determine competitive pricing and promotional activities of a product category.
- Collaborate with Purchasing and Planning to ensure the correct amount if inventory is available to achieve planned financials.
- Working with planning team, develop product forecasts to ensure the optimal amount of inventory is available to achieve sales and inventory turns.
- Assume responsibility of budget development and revenue for category.
- Other duties as assigned by manager or designee.
Qualifications & Skills Required
- Proven experience as Product Manager or similar role.
- Solid knowledge of category management, marketing and sales principles.
- Understanding of data analysis and forecasting methods.
- Proficient in MS Office.
- A creative and analytical mind with a strategic ability.
- Excellent communication and people skills.
Education
- BS/BA in business administration, marketing or related field.
Contact
Executive Connections LLC is handling this executive search on an exclusive basis. For additional information, please contact:
Chris Hendren – Managing Director
630-561-1434
chendren@executiveconnectionsllc.com
OR
Jeff Gundersen – CEO
941-323-8300
jgundersen@executiveconnectionsllc.com