Let’s face it: Not every product maximizes your margins. Turn a critical eye towards your product line by continuously gathering data on your best- and worst-performing SKUs. With information on hand, you can deploy resources — financial and human — in a way that maximizes revenue and profits. In this guide, you’ll learn how conducting a product rationalization process delivers an in-depth profile of every item your business sells. Not only does this give you insights into exactly how per-product sales and margins are changing over time, but it can also help you make tough decisions.
In this guide, you’ll learn the eight steps to make the most out of your top performing products so you can minimize the effects of higher costs and scarcity.