Consumer Product Development Analyst

Job Description

The Product Analyst will be a member of the Product Development Design-to-Value group and will be responsible for analyzing data resources and creating analytical models and tools to enhance foundational program knowledge. This role involves collecting and organizing internal and marketplace data related to various aspects of the business and presenting data-driven insights to support business decisions and drive growth. The Design-to-Value approach integrates consumer, marketplace, design, and cost insights to deliver the ideal consumer experience while unlocking significant margin improvement.

This role is a member of an empowered, high performing team that focuses on driving meaningful change across the company by redefining the most strategic product lines.

Position Location: This role can be based out of any of the Fortune Brand Innovation facilities following a hybrid work schedule. Our Hybrid work schedule provides associates the flexibility to work remote Monday and Friday while being in office Tuesday - Thursday.

RESPONSIBILITIES:

Data Collection and Organization:

• Gather internal and marketplace data pertaining to products, pricing, channels, and Product Bills of Materials (BOMs).

• Utilize techniques such as web scraping to understand customer reviews, complaints, warranty data, and social media to extract valuable insights.

• Maintain a structured database and organize data for easy accessibility and analysis.

Data and Trend Analysis:

• Analyze collected data to identify trends that are relevant to products, consumers, and design.

• Use statistical and analytical tools to identify patterns and correlations within the data.

• Assist the Insights Leader as needed in data analysis and reporting activities related to consumer research.

Pricing and Margin Optimization:

• Collaborate with the Revenue Growth Management team to assist in establishing portfolio pricing and margin optimization strategies.

• Provide data-driven insights to support pricing decisions.

Analytical Model Development:

• Create and develop analytical models as necessary to address specific business questions or challenges.

• Use advanced analytics techniques to predict future trends and outcomes.

• Stay up-to-date with industry trends and emerging data analysis tools.

• Identify and recommend new tools or technologies that can enhance the analytical capabilities of the team.

Program Workbook Creation:

• Develop program workbooks to document analysis findings, methodologies, and tools used for reference and sharing with stakeholders.