SKU Rationalization

In procurement organizations, SKU (stock-keeping unit) management is crucial to successful product life cycle management. Understanding the impact of SKU proliferation on the business can lead to making cost-effective decisions when evaluating products and developing category strategies.

Countless companies have too many SKUs, which harms their business. Many procurement professionals are aware of this problem but may need more resources, technology, or support from other areas in their organization to tackle it.