New Product Development

We pride ourselves in being at the forefront of Innovation when it comes to creating bespoke beauty solutions for our partners. If you want to transform and make waves in the beauty industry, and are looking for a company that is Innovative, Exciting, and Results Oriented with excellent Team Spirit, join us at Meiyume Let us Empower Beauty for A Sustainable Future, together.
This role is responsible for NPD project coordination, planning and research required for the introduction of NPD and business opportunities. The role creates a project structure for stakeholders including timelines, project plans, tasks and team responsibilities and status reporting. The role oversees review of new product concepts and decision making process required for new product introduction and roll out.

Job Descriptions
Project Strategy and Planning:

• NPD Briefs: Conduct assessment and research to ascertain and clarify product briefs and customers' need.
• Project Case: Ascertain business case for the briefs, including revenue projection, timeline launches, preparing costing and verify profitability (margin level) of the new products, working with Commercial team.

Project Management

• Timeline Management: Develop and manage project timelines, ensuring timely delivery of products.
• Resource Allocation: Organise and manage resources effectively across various stages of product development.
• Risk Management: Identify potential risks and develop mitigation strategies to address them.

Cross-Functional Coordination

• Team Leadership: Lead and coordinate cross-functional teams, including I&D, Commercial, Finance and Manufacturing.
• Communication: Facilitate communication and collaboration between different departments to ensure alignment and progress.
• Stakeholder Management: Engage with stakeholders, including senior management and external partners (customers, suppliers), to gather input, decision and secure buy-in.

Product Design And Development

• Concept Development: Oversee the creation of product concepts/samples and ensure they meet customer needs and project objectives.
• Prototyping: Manage the development of prototypes/samples and testings to validate product performance and feasibility.
• Product Specifications: Define and document product specifications, including design, features, and functionality.

Supply Chain Coordination

• Production Planning: Coordinate with Sourcing and Supply & Logistics to develop and execute sourcing, purchasing and production planning strategies to secure OTQIF production.
• Customer Feedback: Collect and analyze customer feedback post-production run to drive product improvements and updates.

Financial Oversight

• Budget Management: Manage the budget for new product development projects, ensuring costs are controlled and within limits to secure good profitability.
• Financial Analysis: Coordinate with Costing FNA partner to monitor and report on financial performance related to the new products, including sales, costs, wastage and overall profitability.

Quality Assurance

• Compliance: Coordinate with Regulatory and Quality Assurance (QA) to ensure that products meet regulatory, customer and industry standards.
• Quality Control: Engage and support QA to implement and oversee quality control processes to ensure product reliability and performance.

Continuous Improvement

• Process Optimization: Continuously assess and improve the NPD process to enhance efficiency and effectiveness.
• Innovation: Stay abreast of industry trends and technological advancements to incorporate innovative practices into new product development process.

Requirements

• Bachelor degree in Science, Engineering related field or Business Administrations related field.
• 5-7 years experience in managing NPD and Capital project management role.

As an equal opportunity employer, we shall consider all applicants regardless of gender, age, religion, marital status, race, sexual orientation, disability, disease, pregnancy, or trade union and/or political affiliation, and disregard all factors deemed inappropriate by local law and the International Labor Organization's Declaration on Fundamental Principles and Rights at Work.
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