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A petfood company wants to prioritize in its most popular petfood products and get rid of some slow moving products to increase its production line
A petfood company wants to prioritize in its most popular petfood products and get rid of some "slow moving products" to increase its production line utilization. 12 months data was collected for 2021. You were hired as the consultant to present your solution. The company management team agreed to get rid of those slow moving products representing 15% of their 2021 sales units.
Using the knowledge learned, answer the following questions:
- What are those products you would propose to get rid of (in terms of Item Number)? How many? Approximately, what is the percentage of products you would propose to get rid of among all products in 2021 (in terms of Item Number)?
- How much cash flow can be freed based on the 12 month's data in 2021?
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