How can businesses build resilience into their SKU portfolios? What are the key takeaways from successful SKU rationalization initiatives across different industries?

Jan 30, 2024 ... SKU rationalisation is the process of analysing and optimising your product portfolio. It involves the identification and elimination of low- ... Aug 10, 2020 ... Inventory cost reduction: SKU rationalization reduces product mix, allowing for less inventory to be held onsite; Material cost reduction: ... Rationalizing SKUs involves determining which products are the most profitable, which are the most popular, and which are the costliest to produce or maintain. Jul 9, 2023 ... How to implement an SKU rationalization process in 6 steps · Step 1: Data collection and analysis · Step 2: Identify low-performing SKUs · Step ... Oct 22, 2023 ... SKU rationalization, or SKU optimization, is about pruning the product tree: meticulously reviewing and trimming down the variety to focus on ... Dec 13, 2019 ... A company must balance these two viewpoints and find a middle path that delivers the required results to the business, its customers, and its employees. Mar 20, 2024 ... Through SKU rationalization, brands do a value analysis of their product portfolio and decide on retaining, expanding, reducing, or ... This thesis employs IronCraft as a practical example to perform a SKU rationalization project using a deterministic model for strategic decision making which ... Aug 26, 2009 ... I view SKU reduction programs as a form of complexity reduction, a way to decrease the number of ingredients, components, and subassemblies used to make a ... Aug 7, 2024 ... What does SKU rationalization entail? SKU rationalization involves evaluating and optimizing a company's product portfolio. This process ...