Optimize eBay Inventory with SKU Rationalization & Analysis

Enhanced Prompt: Optimizing eBay Inventory with SKU Rationalization and Analysis

Objective: The goal is to enhance eBay inventory management by implementing inventory analysis and SKU rationalization to optimize product assortment and reduce slow-moving items. This will aim to achieve a 10-20% reduction in slow-moving items, improve inventory turnover rates, and increase sales conversion rates.

Deliverables:

• A detailed action plan outlining the steps for inventory analysis and SKU rationalization.
• A comprehensive report including KPIs such as inventory turnover rate, profit margins, and sales conversion rate.
• A timeline for implementation, including data collection, analysis, and strategy refinement.
• Recommendations for tools and technologies to enhance efficiency and accuracy.

Best Practices:

• Utilize tools like Excel, Tableau, and inventory management software for data analysis.
• Implement methodologies such as ABC analysis to prioritize SKUs effectively.
• Ensure data accuracy by cross-verifying inventory records with eBay sales data.
• Follow industry standards for inventory management, including just-in-time principles.

Technical Considerations:

• Data source