SKU Rationalization Framework Template
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What is SKU Rationalization Framework Template?
The SKU Rationalization Framework Template is a structured tool designed to help businesses evaluate and optimize their product offerings. SKU rationalization involves analyzing stock-keeping units (SKUs) to determine which products should be retained, discontinued, or expanded. This process is critical for businesses aiming to streamline operations, reduce costs, and improve profitability. By using this template, companies can systematically assess the performance of each SKU based on sales data, market trends, and customer demand. For example, a retail company might use this framework to identify underperforming products and allocate resources to high-demand items, ensuring better inventory management and increased revenue.
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Who is this SKU Rationalization Framework Template for?
This template is ideal for product managers, inventory analysts, and supply chain professionals who are responsible for managing product portfolios. It is particularly useful for businesses in retail, manufacturing, and e-commerce sectors where SKU management plays a pivotal role in operational efficiency. For instance, a product manager at a consumer goods company can use this template to evaluate the profitability of each SKU and make informed decisions about product discontinuation or expansion. Similarly, inventory analysts can leverage this framework to optimize stock levels and reduce carrying costs.

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Why use this SKU Rationalization Framework Template?
The SKU Rationalization Framework Template addresses specific pain points such as overstocking, underperforming products, and inefficient resource allocation. By providing a clear methodology for SKU analysis, the template helps businesses identify which products contribute the most to profitability and which ones drain resources. For example, a company struggling with excess inventory can use this template to pinpoint slow-moving SKUs and take corrective actions, such as discounts or discontinuation. Additionally, the framework supports strategic decision-making by aligning product offerings with market demand, ensuring that businesses stay competitive and responsive to customer needs.

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Get Started with the SKU Rationalization Framework Template
Follow these simple steps to get started with Meegle templates:
1. Click 'Get this Free Template Now' to sign up for Meegle.
2. After signing up, you will be redirected to the SKU Rationalization Framework Template. Click 'Use this Template' to create a version of this template in your workspace.
3. Customize the workflow and fields of the template to suit your specific needs.
4. Start using the template and experience the full potential of Meegle!
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