What is the relationship between SKU rationalization and product portfolio management? How does SKU rationalization relate to supply chain optimization?

Nov 22, 2022 ... Having too many items on your SKU list can slow down your material purchasing process and lead to delays. By narrowing down the number of ... Assortment Rationalization Optimize investments and remove the long tail. Pricing · Price Optimization Optimize initial prices, promotions, and markdown ... SKU Rationalization ... In the simplest terms, SKU rationalization is the process of deciding which products to discontinue and which to maintain, to reduce the ... SKU rationalization, or Stock stock-keeping unit rationalization, is a strategic SKU rationalization process that systematically reviews and optimizes a ... Dec 12, 2024 ... SKU rationalization is essential for optimizing inventory, cutting costs, and improving profits. By focusing on high-performing SKUs and ... SKU Rationalization is a systematic approach that allows businesses to evaluate the performance of individual products, considering factors such as sales volume ... Apr 14, 2014 ... SKU rationalization—analyzing the merits of adding, maintaining, or removing items from a retailer's range of products—is a valuable Lean ... 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 ... Mar 20, 2024 ... Through SKU rationalization, brands do a value analysis of their product portfolio and decide on retaining, expanding, reducing, or ... Feb 22, 2024 ... A range of formulas can help you drive SKU rationalisation and make more informed decisions about what items to focus on or eliminate.