New Product Development Manager

Innovist

Innovist

Product
Gurugram, Haryana, India · Hariana, Punjab8, India
Posted 6+ months ago

Job Description:

Product Development:

  • Lead the end-to-end New Product Development (NPD) process, from ideation to launch.
  • Identify emerging trends, understand customer needs, and collaborate with internal teams (R&D, marketing, sales, production, procurement) and external partners to develop and test new product concepts and prototypes.

Market Research & Analysis:

  • Stay updated on industry trends, active ingredients, and competitor activity to create a strategic product mix and identify white space and innovation opportunities.
  • Engage with consumers and industry experts, including stylists, aestheticians, and dermatologists, to identify need gaps and remain ahead of market trends.

Project Management:

  • Oversee the entire NPD lifecycle, from concept development to launch, ensuring target costs, timelines, and regulatory requirements are met.
  • Coordinate with cross-functional teams and address challenges as they arise to maintain project momentum.

Team Leadership:

  • Manage and mentor a team of direct reports, fostering a culture of high performance, creativity, and alignment with business objectives.
  • Encourage cross-functional collaboration to enhance teamwork and project outcomes.

Supplier Management:

  • Identify and maintain strategic partnerships with the right manufacturers and suppliers for ingredients, packaging, and production.
  • Collaborate closely with suppliers to ensure quality and innovation in product development.

Product Launch & Commercialization:

  • Drive the successful commercialization of the NPD pipeline, analyzing product performance post-launch to support continuous improvement.
  • Collaborate with marketing and sales teams to effectively introduce new products across online and offline channels, creating excitement around product launches.

Technical Knowledge:

  • Apply an in-depth understanding of formulation science, including emulsions, surfactants, preservatives, and active ingredients specific to skincare and haircare products.
  • Strong understanding of the core principles of skincare and haircare
  • Ensure compliance with regulatory requirements and standards for cosmetic and personal care products.
  • Oversee packaging development and compatibility testing to ensure product integrity and shelf life.

Experience & Education:

  • Bachelor’s/Master’s degree in Cosmetology, Chemistry, Chemical Engg. or a related field.
  • Minimum of 5+ years of experience in NPD within the skincare and/or haircare industry.
  • Strong creative thinking and problem-solving skills, a keen interest in stayinga head of marketing trends and product innovations.
  • Proven ability to multitask, prioritize projects, and meet deadlines in a dynamic, fast-paced environment.
  • Excellent communication and collaboration skills, capable of working effectively across various teams and departments.
  • Proficiency in MS Office, particularly Excel.
  • Prior experience in the skincare or haircare domain is highly desirable.