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.
“Specright enables us to track everything from the early stags of development, to production and end of life. Preparing to use Specright forced us to hold up a mirror and absorb a lot of reflective moments. It was very eye-opening and we feel much better prepared for the future now.”
Brittny Ohr Director of Product Management, Sugar Foods
Why You Need Specright
When everyone has access to specifications, amazing things happen – faster product development, improved quality, and less waste.
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With 5 million+ products on Specright’s Specification Data Management (SDM) platform, we’re helping some of the world’s largest companies and challenger brands optimize costs, accelerate innovation, and reduce waste. See how you can join the Specification Management movement — we’ll start with a brief call to understand your goals and then schedule a tailored demo experience that fits your needs.
