Product Rationalization

Background – Product rationalization is the process of reducing the number of products offered by a company to focus on a smaller, more profitable portfolio. This strategic decision aims to eliminate underperforming or redundant products, freeing up resources for more successful and profitable items. 

What you get if you just join the tables – Incorrect Quantity and $ values for your products leads to wildly inaccurate and misleading profit margin calculations. Partial picture of what was actually delivered & invoiced off the sales orders.  Multiple currencies causing aggregation issues, currency conversion headaches. Impossible to do analysis over time. No KPI to highlight your best/worst products. The end result is a poor ability to perform product rationalization and hard to make the right decisions.

Simplement Value Add – Simplement Product Rationalization Smart Start takes care of all the headache of gathering and joining the required data from the dozens of tables involved. With us you can start the Product Rationalization process today and take immediate action to focus your product portfolio by taking advantage of the following features out of the box.

Completely accurate Quantity and $ Values that lead to reliable profit margin calculations. Full visibility into what has been delivered & invoiced off the sales orders. All currency conversion and aggregation issues solved for easy aggregation. Built in time-series analysis for flexible reporting.  Out of the box KPI to focus on your best/worst performing products.