Product Manager – Gastro | Dr. Reddy’s Laboratories | Mumbai

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Job Overview

  • Date Posted
    May 10, 2023
  • Location (State / UT)
  • Expiration date
    --
  • Experience
    3 Years, 7 Years
  • Gender
    Any
  • Desired Qualification
    Bachelor Degree, Master’s Degree

Job Description

Key Responsibilities:

Top line & Bottom line achievement

  •  To Drive Mega brand Growth and Performance
  • Optimize Promo spending for Desired ROI
  • Prepare Brand Wise Quarterly Visual Aid:
  • Brief ad agency on the product
  • Evaluation and selection of draft concept out of 3-4 designs submitted by the agency
  • Evaluate a detailed Visual Aid with the agency before finalization
  • Send the visual for printing
  • Coordinate with printer and logistics vendor for dispatch of Visual aid before 1 week of the planned quarter.
Quarterly communication of Visual Aids to the field force
  • Prepare a business plan (quarterly) booklet for the field which includes the explanation and detailing talk of the visual aid and inputs.
  • Periodical circulars about the brand’s achievement, market trends, etc to keep the field sales team abreast of the current information and motivate them to go for the call.
  • Conduct Quarterly briefing sessions of .5 – 1 day in each zone to ASMs on brand communication/ inputs.
  • Monthly planned visits to select areas for review meetings to further reinforce brand communication.

Promotional Material; i.e. LBL, Inputs, etc on a timely basis for effective marketing
  •  Allocate promotional budget brand-wise and promotional mode wise
  • Plan for quarterly inputs and mode of inputs
  • Vendor selection
  • Negotiate with multiple vendors for cost-effective input selection
  • Coordinate with selected vendors on the agreed time, quality, and quantity supply of inputs.
  • Continuous monitoring of the planned activities and reorganization of promoting initiatives to improve cost without affecting the top line.

New Product Launch ( As and when required )

Identify potential areas of New Product Launch in the assigned therapy through:
  • ORG CMARC trends
  • Doctor feedback in joint work/ CME/ conferences
  • Field manager’s feedback

  • Analyze the market potential for the identified new product through historical ORG-CMARC
  • Conduct primary research with the help of market research for achieving clarity in the right patient segment, right launch volume, and right price.
  • Work with finance to validate the profitability/ viability of the product
  • Present the idea post clearance from finance to NPD and  get a project manager assigned by the NPD Head
  • Coordinate with packaging, and FR&D for product features finalization.
  • Prepare sales projection, and sampling plan for at least 6 months – 1 year from launch.
  • Prepare stock allocation and ensure proper distribution in all geographies through SCM.
  • Parallel, finalize promotional activities, input plan, Visual Aid, etc., and work towards a launch as per the agreed timelines with the NPD Project manager.
  • Ensure regional launch meetings for the new product through RSMs.
  • Analyze SMSRC Rx trend and drives leadership position (jump in ranking, growth more than market) for the brand thru field force

Key Skills/Personal Attributes:

  • Strong negotiation and influencing skills
  • Networking skills
  • Ability to plan multiple products communication and deliver results according to the plan
  • Ability to run specialized programs for top KOL KBL end to end for better impact on marketing activities.

Qualification: B.Pharma