Product Manager, Portfolio Optimization

Drive Medical•Port Washington, NY

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 channel assortment, pricing, inventory health, and product lifecycle management to drive revenue, margin, operational efficiency, and customer experience. Using data-driven insights, the Product Manager identifies opportunities, addresses underperforming or declining items, executes portfolio actions, and keeps the portfolio competitive, streamlined, and financially strong. The position leads cross-functional portfolio execution and works with teams including Sales, Marketing, Operations, Finance, Sourcing, Quality, Engineering, Regulatory, and Customer Service. It reports directly to the Sr Director, Product Management. There are no direct reports initially, though future leadership responsibilities may arise as the organization grows.

Requirements

3–5 years of product management, category management, portfolio management, or business management experience.
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.
Advanced Excel and data analysis capabilities, including pivot tables, lookups, and working with large datasets.
Strong analytical thinking and data-driven decision-making skills.
Problem-solving ability and capacity to translate insights into action.
Excellent 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.
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 trends and recommend action plans.
Lead monthly and quarterly business reviews, identifying risks and opportunities.
Manage in-market product lifecycle activities, including 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 replacements.
Maintain a streamlined assortment aligned with channel and customer needs and develop transition plans for discontinued or replaced products.
Refine assortment, line architecture, and positioning to reduce overlap and improve competitiveness.
Oversee pricing strategy and 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 to improve profitability without compromising quality or performance.
Track and deliver against margin targets.
Support in-market products through website content updates, product and sales support, and quality issue resolution with QA/RA.
Keep product knowledge resources, FAQs, and support tools current to help address common questions through self-service or frontline support before escalation to Product Management.
Lead cross-functional execution of promotions, SPIFs, demand-driving initiatives, Engineering Change Requests, product updates and enhancements, and customer price actions.
Align stakeholders on ownership, timelines, decision points, and execution plans; track progress, identify risks and blockers, escalate decisions when needed, and ensure timely execution and accountability.
Manage excess and slow-moving inventory with Sales, Operations, and Finance; develop disposition strategies to reduce exposure.
Improve inventory health by coordinating with Planning on demand-driving activities, inventory runout plans, and product phase-out execution.
Use customer, sales, quality, and operational feedback and performance trends to prioritize product, process, content, packaging, and support improvements.
Establish a continuous improvement mindset across the portfolio and proactively use AI-enabled tools, workflows, and process improvements to improve work quality and efficiency, reduce manual effort, and strengthen individual output.