How will advancements in data analytics and artificial intelligence impact SKU rationalization strategies?

Jul 23, 2024 ... We are still in the early stages of an era of SKU rationalization. To paraphrase Marlon Brando in “Apocalypse Now”… SKU Rationalization. SKU Rationalization involves managing individual product variations at the granular level. This includes decisions about specific sizes, ... Jan 13, 2016 ... Retailers and their warehouse teams can plot a course for effective SKU rationalization that reduces costs, complexity, and waste. SKU rationalization is a process to decide what product you want to keep and which product you want to discontinue or phase out. Business Talent Group (BTG) paired the client with a former McKinsey & Company consultant with relevant SKU rationalization, pricing analysis, and expert-level ... SKU rationalization is a best practice of inventory management. This process aims to streamline the product catalog, making it simpler and easier to manage ... Feb 5, 2024 ... SKU rationalization is like a strategic game of “Keep or Toss” played by companies to ensure they're not drowning in a sea of products. Nov 12, 2019 ... ... SKU rationalization process, and in doing so have eliminated up to 50% of their SKUs and improved overall profitability of their SKU portfolio. 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 ... Aug 7, 2024 ... What does SKU rationalization entail? SKU rationalization involves evaluating and optimizing a company's product portfolio. This process ...