Product Development Executive

Job description

Product Development Executive 

Exp. – 3+yrs 

Location Indore 

• Product Suitability and Survey:
  Conduct comprehensive market research to identify potential product opportunities. 
• Coordinate and oversee questionnaire surveys across different locations in collaboration with teams. 
• Collect and analyses data from surveys and other sources to gather consumer insights and
  preferences. 
• Finalize the list of products we can launch based on thorough data analysis to guide our product
  development strategies. 

• Product Scoping:
  Do initial market research and analysis to understand market trends and consumer demands. 
• Perform competitor analysis, evaluating market share, channel margins, selling rates, and gross profit
  margins. 
• Perform financial and business assessments, including purchase rates, channel margins, selling rates,
  and gross profit margin analysis.

•  Product Development:
  Create a list of companies that specialise in white-labelling selected products. 
• Select vendors based on criteria’s including quality standards, testing capabilities, and other relevant
  factors. 
• Finalize product specifications and define quality parameters in consultation with senior
  management. 
• Validate product labelling to ensure compliance with regulatory standards and brand requirements.