What are the risks of alienating customers by reducing product variety too much? How can you balance the benefits of SKU reduction with the need to meet diverse customer needs?

SKU rationalization yields efficiency and cost-effectiveness. Customer improves cash flow, saves space and increases profits by reducing inventory. Nov 21, 2023 ... SKU rationalization is a decisive process in inventory management, particularly for retailers and manufacturers constantly seeking efficiency ... Apr 20, 2023 ... Benefits of SKU rationalization · 1. Reduction of inventory holding costs · 2. Reduce human errors · 3. Improve warehouse management process ... The ThroughPut Dynamics 365 Demand-based SKU Rationalization System empowers users with rich insights by analyzing their existing Sales and Purchase Order data. Feb 11, 2021 ... How to rationalize your SKUs: 5 steps to follow · 1. Consider your target market · 2. Perform a detailed SKU analysis · 3. Consider other ... Jul 19, 2023 ... SKU Rationalization is a preemptive measure to streamline your product catalog and improve decision-making around an inventory management system ... At the first stage of SKU rationalization, SKUs are proposed as candidates together with rationale and symptoms description. However, most of these comments ... 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. Jan 30, 2024 ... SKU rationalisation is the process of analysing and optimising your product portfolio. It involves the identification and elimination of low- ... May 2, 2024 ... SKU rationalization is the process of assessing and adjusting the product inventory to optimize business performance. It involves deciding which ...