Luxury Product Development Coordinator

If you are a self-starter with a strong passion for luxury product development, we want to hear from you! This is an exciting opportunity to be part of a growing company and make a significant impact on our product offerings.

Job Title: Luxury Product Development Coordinator

About the Role: We are seeking a highly motivated and detail-oriented Luxury Product Development Coordinator to join our team. As the Luxury Product Development Coordinator, you will play a crucial role in the development and launch of our luxury products. You will work closely with cross-functional teams including design, marketing, sales, and production to ensure the successful execution of all product development initiatives. This position requires exceptional organizational skills, strong communication abilities, and a passion for the luxury goods industry.

Key Responsibilities:

• Collaborate with the design team to create product concepts that align with our brand's aesthetic and target market.
• Research and analyze market trends, consumer behaviors, and competitor offerings to identify product opportunities and gaps in the market.
• Develop and maintain a product development timeline, ensuring all deadlines are met.
• Coordinate with vendors and suppliers to source materials and negotiate pricing.
• Oversee the product sampling process, ensuring quality and consistency across all samples.
• Manage the product costing process, working closely with the finance team to ensure profitability targets are met.
• Communicate regularly with the sales and marketing teams to gather feedback and insights on product performance and make necessary adjustments.
• Work closely with the production team to ensure timely and efficient production of all products.
• Conduct product testing and quality control to ensure products meet our high standards.
• Create and maintain detailed product specifications and documentation.
• Monitor inventory levels and provide recommendations for product replenishment.
• Stay up-to-date with industry trends and developments, incorporating them into future product designs and launches.
• Support the product launch process by creating marketing materials, coordinating product photoshoots, and managing the launch event.

Requirements:

• Bachelor's degree in Business Administration, Marketing, or a related field.
• Minimum of 3 years of experience in product development, preferably in the luxury goods industry.
• Strong project management skills with the ability to handle multiple projects simultaneously.
• Excellent communication and interpersonal skills.
• Proficient in Microsoft Office and product management software.
• Knowledge of sourcing and negotiating with suppliers.
• Creative mindset with a keen eye for detail.
• Understanding of product development processes and timelines.
• Ability to thrive in a fast-paced and dynamic work environment.
• Passion for the luxury goods industry and staying updated with market trends.

Apply now and join our team of dedicated professionals!.