𝐄𝐯𝐞𝐫𝐲 𝐒𝐊𝐔 𝐇𝐚𝐬 𝐚 𝐋𝐢𝐟𝐞𝐜𝐲𝐜𝐥𝐞. 𝐀𝐫𝐞 𝐘𝐨𝐮 𝐌𝐚𝐧𝐚𝐠𝐢𝐧𝐠 𝐈𝐭 𝐚𝐭 𝐭𝐡𝐞 𝐑𝐢𝐠𝐡𝐭 𝐓𝐢𝐦𝐞?
Retailers are constantly adding new products to keep their assortments relevant. But not every SKU follows the same journey. Some products gain traction quickly, some become reliable long-term performers, while others gradually lose demand. The challenge is knowing what to do at each stage. A new SKU may need wider distribution and stronger inventory support as demand grows. A mature product may require careful inventory optimization to maintain availability without creating excess stock. And when demand starts declining, continuing to replenish the product can result in aging inventory, markdowns, and tied-up working capital. This is where SKU Lifecycle Management becomes important. Instead of treating every product the same, retailers can monitor how individual SKUs perform and make decisions based on their lifecycle stage. Sales velocity, sell-through, inventory levels, customer demand, margins, and store-level performance can all provide signals about whether a SKU should be...