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Product Management Manager

The Product Manager is responsible for working cross-functionally to optimize the way we offer machines, effecting the way we engineer machines, and ultimately the way we build machines. This role prices, promotes, and assigns placement of our products specific to end markets. Manages from ideation to execution of market-based systems and solutions as it relates to equipment. It will also be the catalyst for new product development, new configurations, and option development.

Responsibilities/Objectives

  • Build and implement product strategies consistent with company vision.
  • Retrieve and analyze feedback from customers٫ stakeholders and other teams to shape requirements٫ features and end products.  Includes VOC and Net Promoter Score.
  • Collaborate with senior management to create product plans and roadmaps.
  • Lead SIOP demand planning and actively participate in balancing meetings
  • Prepare and review product requirements documents
  • Organize product releases properly and align with engineering/operations on schedule
  • Trade show point person and NPE cell leader
  • Pricing/Customer Quotes
  • Provide commercial input for product launches & sunsets, growth, new product sizes, new markets, product life cycle, manufacturing/assembly plan, and global product line alignment
  • Product line development & health assessments with timely report out to OLT
  • Sales product training
  • Understanding and reporting of the competitive landscape including gaps, where they play, how they win, mfg/assembly footprint, annual sales
  • Financial tracking, margin analysis, forecast planning & pipeline management
  • Product updates, including new options configurations, sales app uploads, and marketing/brochure updates
  • Monthly reporting regarding market conditions, competitive behavior, market share, sales and margin results.
  • Understand overall business strategy and support with execution

Skills/Experience

Required

  • 5+ years' experience of working in Product Management or other relevant position.
  • Expertise in driving innovation and optimizing processes across the entire product lifecycle, with a focus on future scalability and continuous improvement.
  • Strong organizational٫ leadership and communication skills
  • Strong problem-solving skills with creative approach

Preferred

Education

  • BA or BS in engineering, marketing, or business-related field.

Travel

  • 25-30% travel

Core Competencies

  • MS Office
  • Strong written and verbal communicator
  • Customer and marketing acumen
  • Financial acumen

Physical Demands

To perform this job successfully, the physical demands listed are representative of those that must be met by an employee. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit, stand, walk, use hands to handle and feel, reach with hands and arms, talk, and hear. The employee may occasionally be required to crouch. The employee may occasionally lift items as heavy as 10 lbs. Specific vision abilities may include the employee’s ability to see near and far distances.

DISCLAIMER: The above information on this job description has been designed to indicate the general nature and level of work performed by the employee within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of any employee assigned to this job. Nothing in this job description restricts management’s right to assign duties and responsibilities to this job at any time.

Who we are: 

Milacron is a global leader in the manufacture, distribution and service of highly engineered and customized systems within the $27 billion plastic technology and processing industry. We are the only global company with a full-line product portfolio that includes hot runner systems, injection molding, extrusion equipment. We maintain strong market positions across these products, as well as leading positions in process control systems, mold bases and components, maintenance, repair and operating (“MRO”) supplies for plastic processing equipment. Our strategy is to deliver highly customized equipment, components and service to our customers throughout the lifecycle of their plastic processing technology systems.


EEO: The policy of Milacron is to extend opportunities to qualified applicants and employees on an equal basis regardless of an individual's age, race, color, sex, religion, national origin, disability, sexual orientation, gender identity/expression or veteran status.  We are committed to being an Equal Employment Opportunity (EEO) Employer and offer opportunities to all job seekers including individuals with disabilities.  If you need a reasonable accommodation to assist with your job search or application for employment, email us at recruitingaccommodations@milacron.com. In your email, please include a description of the specific accommodation you are requesting as well as the job title and requisition number of the position for which you are applying. 

Average salary estimate

$95000 / YEARLY (est.)
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$80000K
$110000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Product Management Manager, Hillenbrand

Are you ready to take the lead in shaping the future of high-tech machinery? Milacron is searching for a passionate Product Management Manager in Batavia, Ohio, to join our dynamic team. In this role, you’ll be the driving force behind our product strategies, working closely with various teams to optimize our machine offerings. Your responsibilities will span from concept to execution, including conducting deep dives into customer feedback to refine our products and features. You’ll develop pricing strategies, lead the demand planning process, and collaborate with senior management to craft effective product roadmaps. With your expertise, you’ll also manage product lifecycle processes and provide valuable market insights that guide our innovation efforts. If you have 5+ years of experience in product management and are adept at identifying market trends and aligning them with customer needs, we’d love to hear from you. Your leadership and communication skills will play a crucial role in training sales teams and managing product releases. Plus, you’ll have the opportunity to attend trade shows as our point person, showcasing the incredible solutions we offer. At Milacron, we value creativity, analytical thinking, and the drive to continually improve our offerings. If you’re excited about a role that promises both challenge and reward, apply today and help us deliver cutting-edge technology to our customers!

Frequently Asked Questions (FAQs) for Product Management Manager Role at Hillenbrand
What are the main responsibilities of a Product Management Manager at Milacron?

As a Product Management Manager at Milacron, you will oversee the entire product lifecycle, from ideation through execution. You’ll build and implement strategies that align with company goals, analyze customer feedback and market trends, and collaborate with senior management to develop product roadmaps. Additionally, you will manage pricing strategies and participate in sales training and product launches.

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What qualifications are needed for the Product Management Manager role at Milacron?

To qualify for the Product Management Manager position at Milacron, candidates are expected to have a BA or BS in a relevant field such as engineering, marketing, or business. Moreover, having over 5 years of experience in product management or similar roles is crucial, along with strong organizational, leadership, and problem-solving skills to drive innovation throughout the product lifecycle.

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How does the Product Management Manager at Milacron contribute to new product development?

The Product Management Manager at Milacron plays a significant role in new product development by acting as a catalyst for brainstorming, innovation, and the creation of new product configurations. You’ll work cross-functionally to gather insights from stakeholders and customers, shaping product requirements and ensuring that our offerings meet market demands and customer expectations.

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Is travel required for the Product Management Manager position at Milacron?

Yes, as a Product Management Manager at Milacron, you can expect to travel 25-30% of the time. This travel may include attending trade shows, meeting with clients, and collaborating with cross-functional teams at various locations.

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What skills are essential for success as a Product Management Manager at Milacron?

Key skills for success in the Product Management Manager role at Milacron include strong communication and leadership abilities, an analytical mindset for financial tracking and market analysis, and advanced problem-solving skills with a focus on creative solutions. Additionally, a deep understanding of customer needs and market preferences is vital.

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Common Interview Questions for Product Management Manager
Can you describe your experience in product management and how it aligns with our needs at Milacron?

In answering this question, highlight your relevant experiences, focusing on specific roles you've held, the products you've managed, and how your strategic initiatives led to measurable results. Emphasize how these experiences align with Milacron’s focus on innovation and customer satisfaction.

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How do you gather and analyze customer feedback for product development?

Discuss the different methods you’ve employed to collect customer feedback, such as surveys, interviews, and analytics tools. Explain how you synthesize this feedback into actionable insights that inform product development and innovation strategies, ensuring they meet market needs.

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What strategies do you use for effective cross-functional collaboration?

Emphasize your communication skills and any tools you use to foster collaboration, such as project management software or regular check-in meetings. Share specific examples of how you’ve successfully worked with engineering, marketing, and sales teams to bring products to market.

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Describe a time when you led a successful product launch. What was your approach?

Provide a detailed account of a product launch you managed, outlining your role in planning, execution, and post-launch analysis. Discuss the challenges you faced and how you overcame them, as well as any metrics that indicate the success of the launch.

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How do you prioritize product features when developing a new product?

Describe your methodology for feature prioritization, discussing tools like the MoSCoW method or RICE scoring. Provide examples of how you balance customer needs, technical constraints, and business goals when determining which features to implement.

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What experience do you have with pricing strategies for new products?

Share your experience in developing pricing strategies, including market research, competitive analysis, and customer willingness to pay assessments. Highlight any successes in pricing strategies that resulted in favorable outcomes for the product or company.

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How do you keep up with industry trends and competitor actions?

Discuss the resources and techniques you use to stay informed about industry trends, such as publications, networking, or competitor analysis reports. Explain how this knowledge informs your product strategy and decision-making.

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Can you give an example of a product you developed that significantly improved customer satisfaction?

Provide a specific example of a product or feature you and your team developed that led to improved customer feedback. Discuss how you measured that satisfaction and the steps taken to address any gaps identified previously.

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What role does financial analysis play in your decision-making as a product manager?

Emphasize your understanding of financial metrics, including revenue forecasts, margin analysis, and ROI assessments. Explain how these analyses guide your strategic decisions throughout the product lifecycle.

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How do you handle conflicting feedback from stakeholders?

Discuss your approach to managing conflicts, emphasizing the importance of communication and finding common ground. Talk about strategies you use to facilitate discussions and make decisions that balance the various needs of stakeholders while staying aligned with overall business objectives.

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Hillenbrand is a global diversified industrial company that makes and sells premium business-to-business products and services for a wide variety of industries. Hillenbrand has two segments: the Process Equipment Group and Batesville . The Process...

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DATE POSTED
March 29, 2025

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