Demo

Product Manager

PeopleSuite Talent Solutions
Chicago, IL Full Time
POSTED ON 4/8/2026
AVAILABLE BEFORE 5/7/2026
Locations include: Oklahoma City, OK, Lodi, NJ, or Chicago, IL.

Scope of Position

The Product Manager drives profitable growth within assigned product lines by developing and executing a comprehensive strategy across the 4 P’s—Product, Price, Place, and Promotion. This position combines strategic insight with hands-on execution to optimize product performance, enhance market competitiveness, and enable sales success. This position reports to the Senior Director, Product Management.

Responsibilities

  • Product Management
  • Existing Portfolio Management
  • Analyze and optimize SKU mix; lead rationalization of underperforming items and manage slow-moving or obsolete inventory disposition.
  • Identify portfolio gaps and recommend new product opportunities aligned with business objectives.
  • Monitor sales performance to identify issues and implement corrective actions.
  • Lead and support cost-reduction initiatives for key product lines.
  • Partner with Supply Chain and Manufacturing to refine product specifications, pricing metrics, and procurement strategies.
  • Ensure product data accuracy and consistency across all systems.
  • New Product Development
  • Develop and maintain product roadmaps to achieve a 20% vitality index, focusing on innovation, value creation, and brand alignment.
  • Collaborate with Product Development and Project Management to ensure timely and successful product launches.
  • Work closely with Sales teams to ensure effective market adoption and product success.
  • Price Management
  • Continuously monitor competitive pricing and market trends to ensure optimal positioning.
  • Recommend and execute pricing adjustments to drive both volume and margin dollar growth.
  • Conduct pricing experiments to evaluate demand elasticity and uncover margin improvement opportunities.
  • Place (Channel Strategy)
  • Define target sales channels (e.g., dealers, e-commerce, cash-and-carry) for product categories.
  • Determine pack sizes, packaging, and labeling requirements by channel and coordinate cross-functional implementation.
  • Partner with distributors to create and execute merchandising strategies that enhance visibility and sales.
  • Collaborate with eCommerce teams to ensure accurate, optimized product content.
  • Promotion
  • Partner with Marketing to create compelling promotional assets for both new and existing products.
  • Define advertising and promotional strategies for key product categories.
  • Build and manage a promotional calendar in coordination with Marketing, Sales, and Supply Chain teams.
  • Plan promotional pricing strategies and materials for key events such as distributor meetings, buying group shows, and trade events.

Qualifications

  • Bachelor’s Degree required; Master’s Degree preferred
  • 5 years of experience in Product Management or Price Management
  • B2B Sales experience required
  • Proven leadership, communication, and analytical skills
  • Strong cross-functional collaboration and strategic planning abilities

Salary.com Estimation for Product Manager in Chicago, IL
$96,880 to $118,935
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