Global Product Manager

ITW•Lake Bluff, IL

24d•$115,000 - $140,000•Onsite

About The Position

Buehler, a division of Illinois Tool Works (ITW), is seeking a Global Product Manager to drive profitable growth within its product portfolio. This role involves developing and executing marketing and business strategies, managing product lifecycles, and championing new product development. The Global Product Manager will collaborate with marketing and sales teams to create lead generation tools, programs, and campaigns, and to support local growth strategies. The position leverages ITW's core business philosophies and tools to maximize portfolio profitability and product performance, understand customer needs, analyze sales trends, and create annual growth plans. The role also focuses on strategic marketing, building an innovation pipeline, and managing the product portfolio through all stages from development to obsolescence. This includes providing input to engineering, determining global product pricing, and training the sales team.

Requirements

Bachelor of Science or Engineering Degree.
3-5 years Product Management experience.
Ability to learn about and manage a technical product portfolio.
Demonstrated ability to effectively lead business growth initiatives and projects.
Proven ability to identify and understand market segmentation, to develop financial business justification, and to deliver proposals to upper management.
Experience developing product line strategy including new product development roadmaps, growth initiatives for existing products and product line simplification.
Experience championing new product development from ideation to launch.
Experience identifying unique value propositions and writing marketing content for targeted market segments.
Strong team/project management, communication, and presentation skills.
Capable of effectively managing priorities and time when provided with multiple projects, of varying magnitude, with firm delivery dates.

Nice To Haves

MBA is a plus.
Previous experience with industrial, scientific or instrumentation equipment is a plus.
Experience collaborating with a multinational team a plus.

Responsibilities

Identify and allocate resources to maximize portfolio profitability and product performance using ITW’s core enterprise principles.
Understand customer needs through research and market data, translating them into actionable pain points and opportunities.
Analyze and communicate sales trends for given product lines using dashboards and tracking reports.
Create and implement annual growth plans and product strategy.
Convey value propositions for assigned product lines to key market segments through marketing and collateral.
Develop initiatives and collaborate with commercial leaders on product sales strategies and support execution.
Generate leads for assigned products.
Create sales tools and playbooks.
Identify and prioritize new product opportunities and growth market segments/applications based on market knowledge and voice of customer data.
Participate in the New Product Development Stage Gate process, including strategic fit, competitive analysis, prioritized customer pain points, value proposition, business case, key requirements, voice of customer throughout the process, phase in/phase out plan, feedback at concept, alpha and beta stages, and launch materials.
Manage a portfolio of products through the development, commercialization, growth, maintenance, and obsolescence stages.
Provide input to Engineering on improvements to on-market products based on quality concerns, customer feedback, and market impact.
Determine product pricing for all global regions based on market research, production/material costs, and anticipated demand.
Review margins for product lines and adjust pricing to maximize OI.
Provide product-specific training to the sales team.