SKU Management and Overhead Reductions to Save a Labware Diagnostics Family
400 SKU / 3 product labels of labware diagnostic disposables (pipette tips, vials, trays) being sold through distribution, largely to university research laboratories. The company had $2 million in negative EBITDA in the prior year and hadn’t made money in several years. We made them a turnaround plan:
- SKU rationalization – focus on the SKUs that can grow with improved costs
- Migrate production to more automated molding facilities
- Reduce overhead and close plant
Taking Stock of SKU Optimization
Navigating stock and product lines among constantly shifting customer demand can overwhelm any business, regardless of how big, small or successful they may be. Moving targets can disrupt any business, and we identify shatterpoints, sunk inventory costs and stagnant operations and help install inventory management best practices. Our team has helped untie knotted SKU systems to improve cash flow, warehouses and bottom lines.
Let Us Help You.
Whether you’re trying to improve value ahead of a sale or make your company the best it can be, we’d appreciate the opportunity to earn your trust and your business. Click here and we’ll be in touch within 24-business hours, guaranteed.