How to Increase Your Profit with a Product Analysis - Cost to Serve - SKU Rationalization
Improve your profit with an analysis of product and customer profitability.... or Cost to Serve... or SKU Rationalization.
If you’re the owner of a business that carries a large number of parts or SKUs, you can use this video to answer key business questions.
- How do you know if a product is profitable?
- How much does each product contribute to your bottom line?
- Should I keep offering and supporting each product?
- How do you know if you’re losing money on some of your products? If you are, can you just stop offering those items? (HINT: Sometimes it’s not that simple.)
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🚀 Resources & Templates from this video:
### đź“Š Inventory & Operations Templates
**Safety Stock and Reorder Point Calculator** (Excel template with video instructions) - Optimize stock levels, minimize stockouts, and analyze supplier lead times.
**Inventory ABC Analysis** (Excel template with video instructions) - Prioritize items and manage inventory more effectively.
**Inventory Age Calculation** (Excel template with video instructions) - Track aging inventory using FIFO.
**Item-level Inventory Turns Calculator** (Excel template with video instructions) - Identify fast- and slow-moving SKUs.
**PO Receipt & Lead Time Analyzer Template + AI Prompt Kit** - Analyze receipts and lead times with AI support.
**Find Profit Leaks: Gross Margin % by Item and Channel** (Excel) - Uncover profitability issues across SKUs and sales channels.
### đź“‹ Checklists & Quick Guides
**Inventory Clean-Up Checklist** (PDF) - Restore inventory accuracy step-by-step.
**SKU Numbering Checklist** (PDF) - Build a better SKU system.
**Inventory Logbook** (PDF) - Simple stock and cost tracking for small businesses.
### Other Valuable Resources
#InventoryManagement #BusinessAnalytics #SupplyChain #supplychainanalytics #operationsmanagement #safety stock #leadtime #leadtimeanalysis
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profit and loss, SKU rationalization, profit analysis, customer analysis