Key Strategy & Planning :
- Develop and implement a comprehensive category strategy for pumps to align with business goals.
- Analyze market trends, customer segments, and competitor offerings to uncover growth opportunities.
Supplier & Vendor Management :
Build and maintain relationships with suppliers; negotiate favorable terms, pricing, and long-term contracts.Product Assortment & Lifecycle :
Define product assortment, launch new models, and phase out underperforming products.Pricing & Profitability :
Establish competitive pricing strategies and promotional mechanisms to maximize margins.Inventory & Demand Management :
Collaborate with supply chain to optimize stock levels, avoid shortages and overstock, and ensure timely Collaboration :Work closely with Sales, Marketing, R&D Team and Supply Chain teams to ensure cohesive category execution.Market Intelligence & Reporting :
Monitor competitor activities, industry trends, and customer feedback.Use analytics to optimize the product line and inform leadership.Performance Analysis :
Track key performance indicators (KPIs) such as sales, margin, inventory turns, and profitability.Drive corrective actions where needed.Leadership & Mentorship :
Create, Guide and mentor team members focused on pumps, ensuring alignment with company objectives and category goals.Qualifications & Required Skills :
Education : MBA is an advantage.
Experience :
Proven 5+ years in category management or product leadership - preferably in industrial components, pumps, or mechanical systems.Analytical Prowess : Strong ability to interpret sales data, market trends, and forecast demand.Commercial Acumen : Expertise in supplier negotiation, pricing models, and margin optimization.Cross-functional Coordination : Skilled at collaborating across departments and driving multi-stakeholder initiatives.Industry Knowledge : Deep understanding of pump applications, customer needs, and market dynamics.Communication & Leadership : Excellent presentation, reporting, and team leadership capabilities.Preferred Attributes :
Prior exposure to international sourcing and supplier ecosystems.Experience in launching new models or variants within the pump category.Familiarity with ERP systems and category management tools(ref : iimjobs.com)