Product Manager

Performance Health Supply,LLC•Warrenville, IL

About The Position

Performance Health is seeking a Product Manager to own strategy, profitability, revenue, and lifecycle management for assigned products and categories. The role includes accountability for product P&L, sales, and gross margin across branded and distributed products, including the impact of in-year price increases. The Product Manager leads product lifecycle and development activities, commercial planning, vendor performance and risk management, market and competitive analysis, pricing recommendations, and private-label conversions. The position works closely with cross-functional teams, including supply chain, packaging, sourcing, regulatory affairs, sales, and pricing, and directly supervises assigned Associate Product Managers. Travel of up to 25% of the time, including overnight travel, is required.

Requirements

Bachelor’s degree in Marketing, Business, or a related field.
At least 5 years of prior marketing, brand management, and/or product management experience working in a healthcare company, including global responsibility.
Knowledge of core product development practices.
Demonstrated ability to influence cross-functional teams.
Experience commercializing products, bringing them to market, and growing or building brand profiles.
Experience managing multiple projects across the enterprise.
Strong proficiency with Microsoft Office products, including Excel skills such as V-lookups and pivot tables, and PowerPoint.
Ability to travel up to 25% of the time, including overnight travel.
Self-starter comfortable taking initiative.
Strong financial acumen and understanding of how to drive growth within a product portfolio.

Nice To Haves

Healthcare or distribution experience.
Experience working with different cultures or in a global capacity.

Responsibilities

Oversee product lifecycle management, including onboarding, discontinuation, and sourcing initiatives.
Lead packaging initiatives with the packaging team, ensuring alignment with brand and regulatory requirements.
Assess vendor risks, including concentration, sole-source exposure, and financial health, to prevent unplanned discontinuations.
Coordinate activities across business units to ensure product alignment and synergy.
Own commercial input into the S&OP process by driving demand forecast accuracy, advising on inventory and safety-stock targets with supply chain, and being accountable for availability, service levels, and cost outcomes.
Manage vendor performance and risk mitigation, including maintaining vendor scorecards, assessing concentration and sole-source risk, and driving dual-sourcing decisions for assigned categories.
Monitor and report product and category KPIs, including forecast accuracy, service level, inventory turns, sales performance, and margin percentage, and take corrective action based on results.
Monitor post-launch product performance and lead continuous improvement initiatives.
Lead the Stage Gate process with cross-functional partners to ensure timely progression through development phases, including launch demand and inventory planning.
Communicate product updates and strategies to sales teams and organize training for internal and external stakeholders.
Conduct market research and competitive analysis to identify trends and opportunities.
Serve as the subject-matter expert on market insights for assigned categories, using online information, relationships with sales representatives and vendors, and field travel to interact with customers.
Participate in the Pricing Committee by researching vendor price increases, aligning with commercial leads, assessing margin impact, and supporting recommendations to absorb, pass through, re-source, or renegotiate increases.
Manage the product P&L for assigned categories, including sales, gross margin, branded and distributed products, and the impact of in-year price increases.
Drive private-label conversions for assigned categories by identifying candidates, partnering with sourcing on vendor selection and product development, and tracking margin improvement against targets.
Oversee IFU development.
Work with regulatory affairs to support product submissions and ongoing compliance.
Conduct competitive pricing analysis and recommend adjustments as needed.
Directly supervise assigned Associate Product Managers by delegating work, reviewing performance, and supporting their development.
Perform other duties as assigned.