At a Glance
- Tasks: Lead pricing strategies for spare parts and consumables in a global market.
- Company: Join Smiths Detection, a leader in security technology making the world safer.
- Benefits: Flexible benefits, career growth opportunities, and a focus on wellbeing.
- Why this job: Make a real impact in global safety while developing your career.
- Qualifications: Graduate level qualification in business or technology; experience in spare parts management.
- Other info: Inclusive environment with strong leadership and diverse perspectives.
The predicted salary is between 36000 - 60000 Β£ per year.
Overview
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Company Description
Every minute of every day, Smiths Detection\βs threat detection and security screening technology helps to protect people and infrastructure, making the world a safer place.
Smiths Detection, part of Smiths Group is a global leader in the development, manufacture and management of security and detection solutions designed to make the world a safer place. Our technology provides threat detection and screening solutions for customers in our key markets: aviation, ports and borders, defence, and urban security.
Our expertise spans 21 global offices, seven manufacturing sites and five R&D centres, with a global network of 3,000 dedicated colleagues contributing towards over 40 years at the frontline of advances in safety and security.
This results in careers built on variety and the opportunity to work on a range of state-of-the-art solutions, where you can develop your knowledge and experience every day.
Job Description
Summary Of Essential Functions
The Global Spares and Consumables Pricing Manager analyses the market and identifies new spares and consumables offerings and leads definition, development, commercialisation, pricing, launch and marketing of them across the product portfolio.
You will use market and internal data to continuously optimise spares and consumables pricing through refinement of market, commercial and delivery approaches, tools and processes. Support the sales and service organisations by driving targeted projects to generate maximum income, increase market share, increase profits, ensure return on investment and improve customer satisfaction / experience, whilst responding and aligning to the Division and Group\βs overall portfolio strategy.
Additionally you will manage external reporting on price controls in compliance with external legal requirements and company policy.
Specific Duties, Activities And Responsibilities Include But Are Not Limited To
- Input to and deploy the commercial strategy for spare parts, consumables sales in collaboration with region commercial, marketing and services teams.
- Maintain a comprehensive global picture of the market, revenue, sales performance, margin, cost, discount / concessions, voice of the customer, competitor price points, price elasticity, risks and opportunities and developments in the external market.
- Develop a recommended pricing strategy to maximise margin, revenue and market share of spares and consumables that also positions upsell of service agreements and upgrade offerings taking into account total cost of ownership.
- Manage periodic review of price performance for the portfolio including key stakeholders from around the business, using all available data and analytical methodologies, making recommendations to leadership on price changes and implementing decision making.
- Put in place, measure and report robust performance metrics. Provide periodic internal and external reporting on price controls as required by company policies, external audit and regulatory requirements and disclosures.
- Oversee price management activities ensuring price books globally are updated and customer marketing collateral is available to support price changes.
- Acts as global process owner for SAP and Servicemax spare parts sales and pricing activities, ensuring system suitability. Deliver projects to implement tools to enable more efficient and effective management of the spare part portfolio including automation and alternative channels incl. including ecommerce solutions, electronic data links with key customers/channel partners, spare parts e-pricing tools and price lists.
- Continuously review, identify under-performing categories, areas of the installed base not addressed, develop and implement business cases, roadmaps and strategic plans to address incl. new solutions, cost reduction initiatives, supply improvements and commercial changes, working with applicable functional groups.
- Define and optimise the broader commercial aspects of the offering including, warranty ,import and export control requirements, contractual terms, route to market channels, business models and partnerships. Drive global consistency and standardization ensuring each category is optimised through the product lifecycle.
- Innovate new features, capabilities and offerings to grow the business. Define and coordinate the activities required to bring spare parts and consumable offerings to market.
- Provide service thinking and input to industry product managers on product development, evolution and retirement across the lifecycle ensuring optimal service business at each product lifecycle stage. Complete Aftermarket Spares and Consumables tasks required within each stage of the product lifecycle process.
- Ensure part number replacements are managed, undertake projects to that support product sustainment and address obsolescence issues.
- Define and provide inputs to short and long term forecasts, budgets and strategy plans, working with Sales, Service, Industry Marketing teams and Finance. Support service supply chain in developing a comprehensive picture of demand.
Qualifications
Education/Training
- Graduate level qualification in business or technology subject. Masters degree preferable.
Experience
- Management of spare part sales and management of a global aftermarket spare parts portfolio including multi-channel, multi-region price management.
- Development and marketing of complex equipment and service solutions for engineered products in a B2B / B2G setting.
- Track record of developing market forecasts, owning and delivering against a business plan and business reporting.
- Proven internal and external customer relationship building at a senior level
- Confidence in identifying and communicate risks and to escalate where business impact could be material, with remedial actions identified
- Building/implementing/developing detailed business reporting to a very high standard including evidence of tracking and assessing commercial decisions
Knowledge/Skills
- Product management, marketing, programme management and project management disciplines
- Commercial, logistical and operational management of spare parts and understanding of the drivers of global spare parts business performance
- SAP / ERP systems. IT systems management and implementation, price management software.
- Change management and business improvement methodologies
- Commercial contracts review
Key Competences
- Entrepreneurial, demonstrated record of innovation and delivery of \βfirsts\β for their business and / or market, hands-on to drive business growth (result oriented), including new product or service development and launch.
- Commercial acumen, international business development, strategy
- Ability to assess customer and market needs and translate those needs into a winning value propositions and actionable service products / offerings,
- Analytical, understands data and system limitations. Ability to make effective, timely decisions in a complex, global market by sourcing and analysing critical information. Comfortable with making trade-offs, decisively
- Leadership and direction to integrated project teams across multiple sites in multiple different countries, working with matrix structures. Ability to take ownership, identify, and remove roadblocks regardless of direct responsibilities.
- Excellent communication skills particularly in English (fluently spoken and written), second language advantageous. Articulate, able to communicate value propositions and engage stakeholders
Additional Information
We offerβ¦
Join us and we\βll help build your career, with excellent training and opportunities for career growth across the business, both locally and globally. You\βll experience an inclusive environment, with strong leadership and a focus on safety and wellbeing. You\βll also have the flexibility to choose from a wide range of benefits to suit your lifestyle, offering you and your family support from a health and wellbeing, financial and lifestyle perspective.
Join us and work for a world-leader, with the benefits and training to reward your dedication and skills. Be part of a team where we are making the world a safer place.
We believe that different perspectives and backgrounds are what make a company flourish. All qualified applicants will receive equal consideration for employment regardless of color, religion, sex, sexual orientation, gender identity, national origin, economic status, disability, age, or any other legally protected characteristics. We are proud to be an inclusive company with values grounded in equality and ethics, where we celebrate, support, and embrace diversity.
At no time during the hiring process will Smiths Group, nor any of our recruitment partners ever request payment to enable participation β including, but not limited to, interviews or testing. Avoid fraudulent requests by applying jobs directly through our career\βs website (Careers β Smiths Group plc)
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Global Spare Parts and Consumables Manager Pricing Manager employer: Smiths Group
Contact Detail:
Smiths Group Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Global Spare Parts and Consumables Manager Pricing Manager
β¨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
β¨Tip Number 2
Prepare for interviews by researching the company and its products. Understand their market position and be ready to discuss how your skills can help them achieve their goals. Show them youβre not just another candidate!
β¨Tip Number 3
Practice your pitch! Be clear about your experience and how it relates to the role of Global Spare Parts and Consumables Manager. Tailor your responses to highlight your analytical skills and commercial acumen.
β¨Tip Number 4
Donβt forget to apply through our website! Itβs the best way to ensure your application gets seen. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Global Spare Parts and Consumables Manager Pricing Manager
Some tips for your application π«‘
Tailor Your CV: Make sure your CV is tailored to the Global Spare Parts and Consumables Manager role. Highlight relevant experience in pricing strategies, market analysis, and any specific achievements that align with the job description.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this position. Use it to showcase your understanding of the spare parts market and how your skills can contribute to making the world a safer place.
Showcase Your Analytical Skills: Since this role involves a lot of data analysis, make sure to mention any tools or methodologies youβve used in the past. We want to see how you can optimise pricing and improve customer satisfaction through data-driven decisions.
Apply Through Our Website: Donβt forget to apply directly through our careers website! This ensures your application gets to the right people and shows us youβre serious about joining our team at Smiths Detection.
How to prepare for a job interview at Smiths Group
β¨Know Your Market
Before the interview, dive deep into the spare parts and consumables market. Understand current trends, pricing strategies, and key competitors. This knowledge will not only impress your interviewers but also help you articulate how you can contribute to optimising pricing strategies at Smiths Detection.
β¨Showcase Your Analytical Skills
Be prepared to discuss your experience with data analysis and market forecasting. Bring examples of how you've used data to drive decisions in previous roles. Highlighting your analytical prowess will demonstrate that you can effectively manage pricing performance and make informed recommendations.
β¨Demonstrate Cross-Functional Collaboration
Since this role involves working with various teams, be ready to share examples of how you've successfully collaborated across departments. Discuss specific projects where youβve driven results through teamwork, showcasing your ability to align with sales, marketing, and service organisations.
β¨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills. Think about potential challenges in pricing management and how you would address them. Practising these scenarios will help you articulate your thought process and decision-making abilities during the interview.