Many executives leading the charge on SKU rationalization initiatives typically assemble teams and spreadsheets for a months long numbers crunching exercise. But once these manual SKU rationalizations are complete, the results are temporary - as new products and specifications and constantly being created and updated. To create a scalable, ongoing approach to SKU rationalization, organizations must deal with the root cause of the problem: a lack of Specification Management.
SKU rationalization is the process by which companies consolidate duplicate or similar SKUs across their product lines, enabling cost savings, operational efficiencies, and more.
While the term isn’t new, the impact of SKU proliferation on supply chains is taking a toll as business leaders look for new ways to drive efficiencies and cost optimizations. As a result, many are turning to SKU rationalization. Download the executive briefing to learn how.
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When everyone has access to specifications, amazing things happen – faster product development, improved quality, and less waste.
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