SKU Rationalization Decision Matrix
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What is SKU Rationalization Decision Matrix?
The SKU Rationalization Decision Matrix is a strategic tool designed to help businesses evaluate and optimize their product portfolios. By analyzing the performance, profitability, and market relevance of each SKU (Stock Keeping Unit), companies can make informed decisions about which products to retain, discontinue, or expand. This matrix is particularly crucial in industries with extensive product lines, such as retail, manufacturing, and consumer goods. It provides a structured approach to identify underperforming SKUs, reduce inventory costs, and align product offerings with market demand. For example, a retail chain can use this matrix to streamline its inventory, ensuring that only high-performing products occupy shelf space, thereby maximizing revenue and customer satisfaction.
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Who is this SKU Rationalization Decision Matrix Template for?
This SKU Rationalization Decision Matrix template is ideal for product managers, supply chain analysts, and business strategists who are responsible for managing product portfolios. It is particularly useful for retail chains, manufacturing companies, and e-commerce platforms that deal with a large number of SKUs. Typical roles that benefit from this template include inventory managers seeking to optimize stock levels, marketing teams aiming to focus on high-performing products, and financial analysts looking to improve profitability metrics. For instance, a supply chain manager in a consumer goods company can use this template to identify slow-moving SKUs and make data-driven decisions to improve inventory turnover.

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Why use this SKU Rationalization Decision Matrix?
The SKU Rationalization Decision Matrix addresses specific challenges such as overstocking, underperforming products, and misaligned product offerings. By using this template, businesses can systematically evaluate each SKU based on key metrics like sales performance, profitability, and market trends. This helps in identifying products that drain resources without adding value. For example, a retail company struggling with excess inventory can use this matrix to pinpoint low-performing SKUs and reallocate resources to more profitable items. Additionally, the matrix aids in aligning product portfolios with customer preferences, ensuring that the business remains competitive and responsive to market demands.

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Get Started with the SKU Rationalization Decision Matrix
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 Decision Matrix. 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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