The Role
The Product Management Specialist supports the product management team and acts as a liaison between sales and procurement. Responsibilities include pricing requests management, supplier negotiations, inventory management, and reporting.
Summary Generated by Built In
Purpose of Position
The Product Management Specialist is responsible for providing a high level of commercial, administrative and
reporting assistance to the product management team and to play a key role as liaison between the sales
teams, procurement team and suppliers. The Product Management Specialist will support in driving
profitability through active market sales price management and other commercial excellence activities within
the product portfolio. Successful Product Management Specialists can expect follow a career path leading to
other commercial roles.
Reporting Structure
This position reports directly to the Product Management Specialist Team Lead.
Key Responsibilities:
• Process incoming pricing requests as assigned from Salesforce
• Maintain purchasing information requests (PIR’s) in SAP
• Initiates and complete thorough follow ups on change requests for assigned product portfolio in MDM
/MDG ensuring that priority is given to open sales orders or when there is commercial urgency.
Product Management Specialist to ensure all supporting documentation has been received and
executed for the prompt creation of product codes.
• Negotiate and maintain support pricing (CUPS) from assigned suppliers and generate customized
product pricing/quoting for new business opportunities while maximizing margin quality.
• Product Management Specialists are responsible for initiating ZPC2.
• Set up and maintain vendors within SAP.
• Generate and distribute supplier reports.
• Develop and maintain strategic value-added relationships with key (3rd tier) suppliers through sourcing
products, negotiations and business reviews.
• Monitor assigned customer/ portfolio profitability on an ongoing basis and initiate Sales Price
Management (SPM) as required in close coordination with Regional and Industry Commercial
Leadership teams.
• Manage inventory of assigned products in close conjunction with procurement to achieve overall
target for inventory turns, as well as minimize inventory levels of dead and extremely slow-moving
stock.
• Participate in supplier reviews/meetings and follow through on action items.
• Other administrative support tasks as required.
Job Description 2 | 2
• PM Specialist will be assigned a business portfolio such as: Solvents, Chlor Alkai, General Chemicals, Oil
and Gas, Water Treatment, Blending Services, GSO, Key Accounts, DEF, Value Added Services, and 3 rd
party Services
• Other responsibilities that can fall under your management portfolio include:
• Coordinating with LMSO’s on monthly/quarterly pricing
• Set up and maintain CSP’s as assigned
• Monthly reporting and billing coordination
• Manages all administrative aspects to portfolio projects.
• Communication with internal/external stakeholders, on customer programs and special
projects.
• Provides support to Business Manager and Product Manager with guidance on special
projects and tasks.
Skills and Abilities Required
• Proficient in Microsoft Office (Excel, Word, PowerPoint and Outlook)
• Experience with ERP systems, preferably SAP would be an asset
• Excellent communications skills, verbal and written
• Highly organized and possesses effective time management skills
• Strong communication skills
Education and Experience
• Post-Secondary Education; Degree/ Diploma in Business, Science or equivalent.
• Previous work experience in sales (1-3 years)Our Offer We aim to create an environment where the best people want to work, where they can turn their passion into their job and realize their full potential.
- Individual development, on-the-job training, and development programs designed to help our employees grow in their careers.
- Competitive pay and incentives.
- Health and dental paid by company (with exception of LTD)
- DC pension plan matched 100% by employer up to 6%
- EFAP
- Starting 3 weeks' vacation
- Flexible work hours
- Gym/wellness subsidy
- Tuition reimbursement
- Maternity and paternal leave top-up
Skills Required
- Post-Secondary Education; Degree/ Diploma in Business, Science or equivalent
- Previous work experience in sales (1-3 years)
- Proficient in Microsoft Office (Excel, Word, PowerPoint and Outlook)
- Experience with ERP systems, preferably SAP
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The Company
What We Do
We are the global market leader in full-line range of chemical & ingredient products and value-added services. Our more than 17,500 employees provide tailor-made application, marketing and supply chain solutions. Our full-line portfolio comprises specialty and industrial chemicals and ingredients of a world-class supplier base. Building on our long-standing experience, unmatched global reach and local excellence, we work closely alongside our partners to make their business more successful. We operate a unique global network with about 600 locations in 72 countries.
