Product Management Intern in Lake Bluff, IL at ITW

Date Posted: 11/9/2018

Job Snapshot

Job Description

This key position will be working with the product management team to profitably grow a product portfolio by driving marketing strategies and tactical action plans. This key position is focused on effectively utilizing ITW’s Toolbox of core business philosophies to manage the lifecycle of a product line, lead business growth initiatives and champion new product development.   
 

Responsibilities

  • Manage a portfolio of products through the development, commercialization, growth, maintenance and obsolescence stages.
  • Develop knowledge and expertise on the market needs, technology developments, competitive analysis field sales information, and voice of customer (VOC) data.
  • Analyze and communicate sales and earnings trends for given product lines through the use of dashboards and tracking reports.
  • Lead product line simplification (PLS) rationalization efforts to maximize product line efficiency
  • Manage an innovation pipeline that supports Buehler’s business strategies.
  • Support Product Managers in the development of Product Request Specifications (PRS) that define the market need, potential, and differentiation of the new product.Include business justification, product positioning, value proposition, risk assessment, and competitive analysis.
  • Partner with engineering to champion new product development (NPD) projects through a stage gate process.
  • Lead new product rollout efforts including forecasting volumes, designing market tests, promotional materials and sales channel training.

Job Requirements

Required Experience

  • Pursuing a Bachelor of Science in engineering discipline (Material Science preferred).
  • 1-3 years related work experience in a technology-based field.Previous experience with industrial or scientific equipment, materials development or a related technical industry is a plus.
  • The ability to identify and understand market segmentation, to develop financial business justification, and deliver proposals to upper management.
  • An aptitude to effectively communicate and champion product developments among a multi-functional and international team.
  • Capable of effectively managing priorities and time when provided multiple projects, of varying magnitude, with firm delivery dates.
  • Up to 10% domestic or international travel.