SKU Rationalization Analytics
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What is SKU Rationalization Analytics?
SKU Rationalization Analytics is a strategic process used to evaluate and optimize the assortment of stock-keeping units (SKUs) within a business. This template is designed to help businesses identify underperforming SKUs, streamline inventory, and enhance profitability. By leveraging SKU Rationalization Analytics, companies can make data-driven decisions to eliminate redundant or low-performing products, ensuring that resources are allocated to high-value items. This process is particularly critical in industries like retail, manufacturing, and e-commerce, where managing a vast array of products can be challenging. For example, a retail chain with thousands of SKUs can use this template to analyze sales data, identify trends, and decide which products to retain or discontinue, ultimately improving operational efficiency and customer satisfaction.
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Who is this SKU Rationalization Analytics Template for?
This SKU Rationalization Analytics template is ideal for supply chain managers, inventory analysts, product managers, and business strategists. It caters to professionals in industries such as retail, manufacturing, and e-commerce who are tasked with managing extensive product portfolios. Typical roles include inventory planners who need to optimize stock levels, category managers aiming to refine product assortments, and financial analysts seeking to improve profitability through better SKU management. For instance, an e-commerce manager can use this template to analyze product performance across different categories, ensuring that the online store focuses on high-demand items while phasing out slow-moving products.

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Why use this SKU Rationalization Analytics?
The SKU Rationalization Analytics template addresses specific pain points such as overstocking, understocking, and declining profitability due to an inefficient product mix. By using this template, businesses can systematically evaluate SKU performance based on metrics like sales volume, profit margins, and inventory turnover. For example, a manufacturing company struggling with high inventory costs can use this template to identify and eliminate low-performing SKUs, freeing up resources for more profitable products. Additionally, the template provides a structured approach to stakeholder collaboration, ensuring that decisions are aligned with overall business goals. This targeted focus on SKU optimization helps businesses reduce costs, improve customer satisfaction, and stay competitive in dynamic markets.

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Get Started with the SKU Rationalization Analytics
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 Analytics. 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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