SKU Rationalization Benefits - Blog.zaperp.com

1. Blog.zaperp.com SKU Rationalization Benefits SKU Rationalization is a process through which we can identify whether a product has to be kept in the stocks or should it be left out, depending upon its pro?itability. How to implement SKU Rationalization? 1. Pick a category – Before implementing this process, ?irst, you need to select a product category for which you wish to analyze the performance and assign them a unique code. 2. Target the right audience set for the selected product, and come up with a list of the products which are most popular among your selected audience. 3. After identifying the products, make a list of the previous SKU’s you have previously sold to the selected audience and review it so that you can understand its performance and come to a conclusion like what are the drawbacks, what are the strengths, etc. 4. Once you do the required analysis, eliminate the requisite drawbacks and things that are unnecessary consuming time in your overall process. Why is SKU Rationalization Important? Reduces inventory costs Can eliminate the inventory management work?lows Shorter lead time High accuracy E??icient shipping process Cost-E?fective Accurate real-time reports Interested in what ZapInventory can do for you? Inventory accuracy has improved. The costs of storage and suppliers are being reduced. You can visit https://blog.zaperp.com/sku-rationalization/ to know more about the sku rationalization bene?its. Blog.zaperp.com