How can you foster collaboration between departments during the SKU rationalization process? What is the role of leadership in driving successful SKU rationalization?

Apr 22, 2022 ... SKU rationalization involves examining your products and eliminating SKUs that are underperforming or unneeded. Also known as SKU optimization ... Assortment Rationalization Optimize investments and remove the long tail. Pricing · Price Optimization Optimize initial prices, promotions, and markdown ... 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. SKU Rationalization ... In the simplest terms, SKU rationalization is the process of deciding which products to discontinue and which to maintain, to reduce the ... Dec 12, 2024 ... SKU rationalization is essential for optimizing inventory, cutting costs, and improving profits. By focusing on high-performing SKUs and ... Jun 26, 2024 ... By rationalizing SKUs, paper and plastic distributors can identify and phase out slow-moving or non-essential products. This allows them to ... 5 days ago ... SKU rationalization is the process of analyzing and streamlining a company's product list by finding slow-selling or duplicative SKUs and either ... Jul 23, 2024 ... We are still in the early stages of an era of SKU rationalization. To paraphrase Marlon Brando in “Apocalypse Now”… Streamline Your Distribution Operations. SKU rationalization is a strategic process that enables your operation to analyze and evaluate all the products in your ... Nov 5, 2020 ... Product Portfolio Management as part of the S&OP process can be used to identify candidates for rationalization along with a valuable new metric ...