Urgent opening for Product Manager - Private Label Product Category with a large corporate in Hyderabad location

Exp : Min 6 -10 yrs in FMCG / Personal Care

Role Overview:

The Product Manager will own end-to-end responsibility for a specific product line within the Private Label division, from vendor identification and onboarding to commercial management and innovation. This role requires a strong understanding of sourcing, cost structures, vendor management, product tracking, and differentiation strategies.

Portfolio Scope:

- Specific Private Label Product Category (e.g., Personal Care )

Key Responsibility Areas (KRAs):

- Vendor Management

- Vendor identification and onboarding

- Negotiate and finalize vendor agreements

- Build and maintain strong vendor relationships

Product Commercial & Costing:

- Develop and update product cost cards

- Conduct regular commercial negotiations with vendors

- Ensure commercial viability and margin targets

Supply & Fulfilment Planning:

- Monitor on-time delivery and fill rates

- Ensure scale preparedness and production planning

- Resolve line and quantity fulfilment issues

- Market Intelligence & Innovation

- Conduct market scanning and competitor tracking

- Track product trends and innovations

- Propose and drive differentiation strategies

Key Performance Indicators (KPIs):

Vendor Management KPIs:

- Number of vendors onboarded per quarter

- Vendor compliance and service score

Commercial Performance KPIs:

- Accuracy of product cost cards

- Commercial savings achieved through negotiations

Supply Chain Efficiency KPIs:

- OTIF (On Time In Full) delivery rate

- Line & quantity fill rate improvement

Innovation & Differentiation KPIs:

- Number of differentiated features launched

- Market share gain in target category

Qualifications & Skills:

- Bachelor's degree in Business, Supply Chain, Engineering, or related field. MBA preferred.

- 6-10 years of experience in product management, sourcing, or category management in FMCG, retail, or private label.

- Strong negotiation skills and experience managing vendor relationships and contracts.

- In-depth knowledge of cost structures, product life cycles, and supply chain dynamics.

- Familiarity with ERP systems and analytical tools (Excel, Power BI, etc.).

- Ability to handle scale-up operations and track performance metrics effectively.

- Excellent communication, cross-functional collaboration, and project management skills.

Key Competencies:

- Vendor Identification, Onboarding & Relationship Management

- Commercial Negotiation & Cost Card Management

- Product Margin Optimization & Viability Analysis

- Supply Planning & OTIF Fulfilment Tracking

- Market Intelligence & Competitive Benchmarking

- Product Innovation & Differentiation Strategy

- Category Ownership & Strategic Thinking

- Cross-functional Collaboration (Sourcing, SCM, Quality)

- ERP & Analytical Tool Proficiency (Excel, Power BI)

- Project Management & Execution Excellence