By Will Schneider
Over the last couple of years, Steve Berry, President of Battery Universe found some interesting ways of growing his business in these difficult economic times. In addition to upgrading his website, adding a retail outlet, and franchising his business, he found that adding new items in previously unoccupied niches helped fuel growth. Over time, these new products became a significant percentage of his overall business. The only catch – it added to his company’s workload from an inventory management perspective. So he had to get creative about how to manage the growth of SKUs (in his case over 1 million unique items) so that it didn’t overwhelm the business. “At first it was pure excitement, seeing sales grow at a great clip,” said Mr.Berry, “but then we realized that we had to come up with some strategies to minimize workload in our every growing inventory SKUs.”
And Battery Universe isn’t the only company that is faced with such a challenge. Many businesses are faced with similar challenges. “It’s not uncommon for some of our clients to have SKU counts in the thousands and beyond,” noted Mark Chandley of Adeptiv Solutions, an order fulfillment company that ships products for online retailers. So where can companies turn when they SKU counts seem to be busting through the roof? Here’s a few tips to streamline the processes and remove some of the clutter.
Managing a large volume of SKUs can be an extremely difficult task. But with a little bit of creativity, and a whole lot of technology, management can become, well, manageable.This entry was posted on Tuesday, February 5th, 2013 at 12:04 pm and is filed under Fulfillment Case Studies.