Designation: New Product Development (NPD) Manager
Location: Gurgaon
Employment Type: Full-Time
Job Summary
The New Product Development (NPD) Manager is responsible for identifying market opportunities, developing new products from concept to commercial launch, coordinating with cross-functional teams, and ensuring that new products meet quality, cost, and timeline objectives.
Key Responsibilities
- Conduct market research and identify new product opportunities.
- Develop product concepts based on customer needs, competitor analysis, and industry trends.
- Coordinate with design, engineering, procurement, production, quality, and sales teams during product development.
- Prepare product specifications, costing, BOM (Bill of Materials), and launch plans.
- Manage prototype development, testing, validation, and product improvement.
- Work with vendors and suppliers for new materials and components.
- Ensure compliance with quality standards, regulatory requirements, and safety norms.
- Monitor project timelines and ensure on-time product launches.
- Analyze product performance after launch and recommend improvements.
- Maintain product documentation and development records.
Required Qualifications
- Bachelor’s degree in Engineering, Product Design, Industrial Design, Mechanical/Electrical Engineering, or a related field.
- MBA / PGDM in Marketing or Operations is preferred.
Experience
- 5–10 years of experience in product development, R&D, or engineering.
- Experience in appliances, furniture, home décor, consumer electronics, or manufacturing industry preferred.
Required Skills
- Product development and project management.
- Market research and competitor analysis.
- Product costing and vendor coordination.
- CAD/design understanding (preferred).
- Strong analytical and problem-solving skills.
- Excellent communication and cross-functional coordination.
- Proficiency in MS Excel, PowerPoint, and ERP systems.
Key Performance Indicators (KPIs)
- Number of successful product launches.
- Time-to-market for new products.
- Product development cost adherence.
- Gross margin of new products.
- Product quality and defect rate.
- Sales contribution from newly launched products.
Salary-negotiable
Pay: ₹26,479.08 - ₹50,000.00 per month
Work Location: In person
