SKU Expansion Is Here to Stay: How to Make It a Winning Strategy
Deeper, Faster Analytic Insights
Powerful cloud-based analytics technologies let you rapidly crunch through sales and inventory data to extract SKU – and attribute level insights on a weekly or even daily basis. One aim should be to identify and support what McKinsey calls “good complexity.”
Agile automated systems are granular – they break down production processes to components that can be rapidly and cost-effectively modified or switched out to meet detailed product and order variations. Such agility also lowers the cost and risk of trying new ideas.
With more SKUs being produced on more sophisticated machines with more frequent changeovers, it’s never been so important that work crews do jobs right, every time. Empower them with consumer-like digital devices they already know how to use.