What are the challenges of implementing SKU rationalization?

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. SKU rationalization yields efficiency and cost-effectiveness. Customer improves cash flow, saves space and increases profits by reducing inventory. SKU rationalization is the process of carefully evaluating each product in your catalog, represented by its unique Stock Keeping Unit (SKU). The goal is to ... Mar 21, 2024 ... We understand that the discontinuation of these favorites might be disappointing. It's a sentiment we share deeply. Yet, this rationalization is ... Aug 3, 2021 ... In SKU rationalization, the goal is to decide how to use limited resources to improve the performance of a large number of SKUs. Price, ... Apr 20, 2023 ... Benefits of SKU rationalization · 1. Reduction of inventory holding costs · 2. Reduce human errors · 3. Improve warehouse management process ... Typical results during a line item review show that as much as 25% of a customer's held inventory is comprised of duplicated or “like items”. Jan 30, 2024 ... SKU rationalisation is the process of analysing and optimising your product portfolio. It involves the identification and elimination of low- ... Nov 20, 2024 ... SKU rationalization requires understanding the profitability of each individual SKU. To do this, you need to break down all the costs associated ... Jul 19, 2023 ... SKU Rationalization is a preemptive measure to streamline your product catalog and improve decision-making around an inventory management system ...