Product Manager, Portfolio Optimization

Drive Medical•Port Washington, NY

9d•$72,000 - $110,000

About The Position

The Product Manager, Portfolio Optimization is accountable for maximizing the performance of in-market products within an assigned sales channel. The role optimizes assortment, pricing, inventory health, and product lifecycle management to drive revenue, margin, and operational efficiency. Using data-driven insights, the Product Manager identifies opportunities, addresses underperforming or declining items, executes portfolio actions, and improves product performance and customer experience. This role serves as a cross-functional lead to keep the portfolio competitive, streamlined, and financially strong. The Product Manager monitors and analyzes sales, margin, and portfolio performance; manages product lifecycle decisions, including SKU rationalization, transitions, and end-of-life planning; oversees assortment and pricing; and identifies cost-down and value-engineering opportunities. The role also supports in-market product needs, leads cross-functional execution of portfolio actions, manages excess and slow-moving inventory, and applies customer, sales, quality, and operational feedback to continuous improvement. Proactive use of AI-enabled tools and workflows is encouraged to improve work quality and efficiency. The position reports to the Sr Director, Product Management and works across Sales, Marketing, Operations, Finance, Sourcing, Quality, Engineering, Regulatory, and Customer Service. There are no direct reports initially, though future leadership responsibilities may arise as the organization grows. Drive Medical describes itself as a leading medical products manufacturer, with products sold in more than 100 countries across homecare, long-term care, retail, and e-commerce channels.

Requirements

3–5 years of experience in product management, category management, portfolio management, or business management.
Bachelor’s degree in Business, Marketing, Engineering, Healthcare, or a related field.
Strong experience with performance analytics, pricing strategy, and margin management.
Experience leading cross-functional initiatives and operational execution.
Strong analytical thinking and data-driven decision-making skills.
Problem-solving ability and skill translating insights into action.
Business and financial acumen, including margin management.
Portfolio and assortment judgment, execution discipline, and accountability.
Customer-focused mindset and continuous-improvement orientation.
Strong cross-functional collaboration and influence skills.
Advanced Excel and data analysis capabilities, including pivot tables, lookups, and large datasets.
Product knowledge and ability to quickly learn category dynamics.

Nice To Haves

Medical device or healthcare industry experience.
Experience managing in-market product portfolios.
Advanced degree.

Responsibilities

Monitor sales, margin, and portfolio performance across categories, customers, and channels.
Analyze business trends, generate actionable insights, recommend action plans, and lead monthly and quarterly business reviews to identify risks and opportunities.
Manage in-market product lifecycles, including portfolio optimization, SKU rationalization, product transitions, and end-of-life planning.
Identify mature or declining products and develop strategies to reinvigorate performance, optimize positioning, or prepare for discontinuation; partner with PM New Products on potential replacement opportunities.
Maintain an assortment aligned with channel and customer needs and ensure clear transition plans for discontinued or replaced products.
Refine assortment, line architecture, and product positioning to reduce overlap and improve competitiveness.
Own pricing oversight and strategy in alignment with margin targets, competitive positioning, cost changes, and market dynamics; partner with Sales on pricing execution and customer-level strategies.
Identify and execute cost-down and value-engineering initiatives with Sourcing, Engineering, and Operations, while protecting product quality and performance; track margin targets.
Support in-market product needs, including website content accuracy, product questions, sales support, and quality issue resolution with QA/RA.
Keep product knowledge resources, FAQs, and support tools current so common questions can be addressed through self-service or frontline support channels.
Lead execution of promotions, SPIFs, demand-driving initiatives, Engineering Change Requests, product updates and enhancements, and customer price actions.
Align cross-functional partners on ownership, timelines, decision points, and execution plans; track progress, identify blockers, escalate decisions, and ensure timely execution.
Manage excess and slow-moving inventory with Sales, Operations, and Finance; develop disposition strategies and coordinate demand-driving activities, inventory runout plans, and product phase-outs with Planning.
Use customer, sales, quality, and operational feedback and performance trends to prioritize product, process, content, packaging, and support improvements.
Promote continuous improvement across the portfolio and proactively use AI-enabled tools and workflows to improve quality, efficiency, and individual output.