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Product Development Director

2 months ago

Plymouth, Plymouth, United Kingdom Vispring Ltd Full time
About Vispring Ltd

Vispring Ltd is a leading luxury bed brand that has been manufacturing in the UK since 1901. Based in Plymouth, the company sells to 59 countries around the globe and is the benchmark for handmade, bespoke, high-quality beds made using only the finest natural materials to guarantee a perfect night's sleep.

Job Description

We are seeking a highly skilled and experienced Product Development Director to join our team. As a key member of our product development team, you will be responsible for all product-related aspects of the business, including positioning, net sales, margin, units, distribution, and training.

Key Responsibilities
  • Develop and execute a comprehensive product development strategy aligned with the company's overall business goals.
  • Monitor market developments and competitors to identify opportunities for growth and optimisation of product positioning.
  • Responsible for outcome modelling (including projected sales figures) + creation of business requirements for key stakeholders.
  • Monitor and evaluate the performance of product portfolio (sales, margins, volumes, and forecasts) apply insight to inform and guide the business.
  • Lead the analysis, reporting, and reviews of product portfolio to ensure they remain competitive, fit for purpose, and meet market needs.
Requirements
  • Collaborate with retailers, commercial, and product teams to generate insight, explore opportunities, and challenges and develop roadmaps for Vispring across product portfolio.
  • Based on market research, inputs from the markets, from interior designers, from design trend-setters, and from R&D/operations, coordinate New Product Development (NPD).
  • Write the product brief, lead the NPD committee, deliver against launch milestones, develop, and distribute all the product launch materials.
  • Present new products at trade fairs and 'sell' them to the sales force and retail partners.
  • Ensure a constant stream of relevant and value-added innovation (feature, design, quality).
  • Understand the requirement of a global business and adapt the product where and when necessary (legal requirements, consumer habits, and design/cultural preferences).
  • Optimize the product portfolio to fuel growth of net sales and margin.
  • Manage the NPD budget.
What We Offer
  • Total net sales and gross margin (75%).
  • Impact of NPD in terms of net sales and gross margin growth.
  • Experience in project management and working independently.
Workplace and Travel

Job Types: Full-time, Permanent

Additional pay: Performance bonus, Company events, Company pension, Cycle to work scheme, Employee discount, On-site parking, Monday to Friday.