Used & Vintage Product Manager

Job Description

Product managers analyze product markets and streamline processes related to product development. A product manager may focus their efforts on researching customer markets, evaluating in-demand products, assessing manufacturing processes for making products, analyzing competitor products and collaborating with marketing teams to develop strategies for promoting products.

It's the responsibility of a product manager to oversee the development and improvement of products within businesses, which encompasses goods for sale online and in store, as well as services.

The Used Product Manager is responsible for all vintage and used acquisitions. It is their responsibility to pursue used and vintage inventory items through local and online street buys, consignments, trades and participation in vintage guitar shows.

They must communicate with the repair department for estimated costs of restoring items that show high profit potential. In addition they must keep up to date with the competitive vintage market by analyzing competitor products and collaborating with marketing teams to develop strategies for acquiring vintage and used products.

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Responsibilities

• Inventory management I/O
  • Communicating with business analyst over sales
  • Communicating with sales manager over sales trends and inventory
  • Coordinate with vintage restorations
    • Acquiring needed parts for vintage restorations
• Purchase of used inventory
  • Guitars & amps
  • Parts, pedals, and accessories
• Set prices for all used items
• Oversee & assist others with consignments, used purchases, trades
• Provide important details, background info/links history for listings
• Actively pursue consignments
• Reports on competitors
• Maintain calendar for guitar shows, and auctions

Accountabilities

• Used items Purchased
  • KPI: All purchased cost monthly
• Used items Sold
  • KPI: Profit of sold used items

Authority

• Purchase Used Inventory
• Designate & Discount Used Prices
• Approve or Deny Used Items for Inventory

Schedule

• Daily
  • Respond to buying opportunities
  • Use CRM to prioritize purchasing guitars with high interest / pre-sellable
• Weekly
  • Review online sources to seek out inventory
  • Review sales for the prior week to maintain a list of inventory needed
• Monthly
  • Check on inventory distribution and adjust buying strategy to compensate
    • Brand
    • Price point
• Quarterly
  • Review long-standing inventory

Goals

Put a strong emphasis on used and vintage guitars especially consignments as there is no out of pocket cost. Start actively buying acoustic guitars as well as basses and pedals. Buy items with high margin and turn away more items that we do not want. The more that we buy the more that we sell.