Product Manager - Sourced Products

At Trane Technologies TM and through our businesses including Trane ® and Thermo King ® , we create innovative climate solutions for buildings, homes, and transportation that challenge what's possible for a sustainable world. We're a team that dares to look at the world's challenges and see impactful possibilities. We believe in a better future when we uplift others and enable our people to thrive at work and at home. We boldly go.

Job Summary:

As the Product Manager, Sourced Products, You will lead a strategic segment of the Sourced Product portfolio for the North America Commercial HVAC strategic business unit. This portfolio identifies, cultivates and manages strategic supplier relationships in an effort to capitalize on market growth trends, new technologies and existing portfolio opportunities.

You will be responsible for product strategy, cross-functional team leadership (internal and supplier), life-cycle management, multigenerational product plans, new product development programs, commercialization, customer research, cultivating strong supplier relationships, and go-to market strategy. In addition, you will be fully responsible for - and accountable to - meeting or exceeding Trane's revenue growth targets, maintaining or growing market share and expanding margin.

We are seeking a high-energy, results driven product management professional capable of articulating a strategic vision and executing that vision to deliver business results. You will have excellent communication and executive presence, and be seeking an opportunity to grow and develop on a general manager track with a leading climate innovation company.

Thrive at work and at home:

• Benefits kick in on DAY ONE for you and your family, including health insurance and holistic wellness programs that include generous incentives - WE DARE TO CARE !

• Family building benefits include fertility coverage and adoption/surrogacy assistance.

• 401K match up to 6%, plus an additional 2% core contribution = up to 8% company contribution.

• Paid time off, including in support of volunteer and parental leave needs.

• Educational and training opportunities through company programs along with tuition assistance and student debt support .

• Learn more about our benefits here (~~~) !

Responsibilities:

• Lead a sourced Product Growth Team (PGT). This is a cross functional team including the Product Manager, Operations Leader, Engineering Leader, Procurement and Solutions Marketer focused on driving profitable share growth.

• Lead product line strategy and long range plan development, P&L and annual operating plan for product lines. Effectively manage tradeoffs between short and long term product line performance as measured in revenue, margin, and market share.

• Develop and execute channel strategy aimed at developing and maturing channel capability to drive growth in market coverage and closure rate to enable product line to reach its entitlement in the market.

• Actively manage day to day needs of product line and strategic supplier, with particular focus on identifying and delivering profitable growth opportunities.

• Develop and execute a multigenerational product plan (MGPP) for product line, ensuring that the product positioning, pricing, cost, margins and customer value proposition support the overall equipment strategy and direction.

• Collaborate with other leaders and product managers to ensure product line strategy is in alignment with peer portfolio's roadmaps and supports broader system, services and contracting initiatives.

• Collaborate with market research team to understand customer needs, and define the customer "Critical to Quality" specifications (CTQs) for product line and associated systems to support new product development programs (NPDs)

• Initiate and support business cases for NPDs that execute elements of MGPP.

• Collaborate with the sourced program manager and cross-functional product development teams to deliver projects on time, meeting CTQs, on budget.

• Collaborate, create and execute the marketing and commercialization for new products offerings and exiting product enhancement with strategic suppliers.

Don't meet all the requirements listed below? At Trane Technologies, we are dedicated to building a diverse, inclusive, and authentic workplace. If you're excited about this role but your experience doesn't align perfectly with every qualification, we encourage you to apply anyway. You may be just the right candidate for this or other roles

Qualifications:

• 5-10 years of product management or strategic marketing. P&L leadership experience required.

• Bachelor's degree required. Technical bachelor's degree preferred.

• MBA highly desired.

• Experience in HVAC industry and Lean experience preferred.

• Business knowledge: Strong familiarity with software development processes, software development roles and tools

• Customer bias: Passion for understanding our customer and how our domain can positively impact their business results

Base Compensation Range is $140,000 - $190,000. Total compensation for this role also will include an incentive plan.

Disclaimer: This base salary range is based on US national averages. Actual base pay could be a result of seniority, merit, geographic location where the work is performed.

We offer competitive compensation and comprehensive benefits and programs. We are an equal opportunity employer; all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, pregnancy, age, marital status, disability, status as a protected veteran, or any legally protected status.