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Episode Title: The Cold War: Mastering the Cooler (Episode 72)
Episode Description: You are paying electricity to cool products that nobody buys.
For a District Manager, the Cooler is often a "Graveyard" for dead inventory. "SKU Creep" happens when Managers accept new products without removing the old failures, resulting in a cooler cramped with slow-movers while the high-volume best-sellers run out of space.
In this episode of Drive, Mike Hernandez focuses on SKU Rationalization. We treat the cooler as an investment portfolio. If a stock (or a soda) isn't performing, you sell it and reinvest in the winners. Learn how to perform the "Dust Audit" and how to force your Managers to focus on Inventory Turns rather than just "filling holes."
What You Will Learn:
The Quest: Clean the Graveyard.
Resources & Links:
By C-Store CenterEpisode Title: The Cold War: Mastering the Cooler (Episode 72)
Episode Description: You are paying electricity to cool products that nobody buys.
For a District Manager, the Cooler is often a "Graveyard" for dead inventory. "SKU Creep" happens when Managers accept new products without removing the old failures, resulting in a cooler cramped with slow-movers while the high-volume best-sellers run out of space.
In this episode of Drive, Mike Hernandez focuses on SKU Rationalization. We treat the cooler as an investment portfolio. If a stock (or a soda) isn't performing, you sell it and reinvest in the winners. Learn how to perform the "Dust Audit" and how to force your Managers to focus on Inventory Turns rather than just "filling holes."
What You Will Learn:
The Quest: Clean the Graveyard.
Resources & Links: