Lin Qiao: AI hardware vendors now release three SKUs per year
“And now within a year from one vendor alone, we have three SKUs.”
Rampell: AI will automate deal hunting for all SKU products
“All of that will be automated away or automated for the benefit of the consumer, if and only if you have something where you have determined the SKU or the UPC.”
Harmon: Avoid overhauling packaging or adding SKUs more than every two years
“I feel like you can make tweaks and small or medium changes as frequently as you want and as your business commands, but I wouldn't Change your packaging, add a skew, overthink something more frequently than every one to two years.”
Narayanan: E-commerce algorithms reward brand catalog width over inventory depth
“In general, online values width more than depth. The reason is purely algorithmic. What happens is you have 600,000 SKUs in a Myntra. Number of SKUs that are tagged to a same brand name is one weightage in an algorithm that basically then says you're a large b…”
Conrad: Generalist sales teams ignore viable products to sell easy SKUs
“If you have a VP of sales that's got, you know, 25 SKUs that they're selling, they're gonna pick, like, the three or four that are the easiest to sort of help them get to quota, and inevitably you get products that are just not gonna be as material An input to…”
Kimmel: Businesses with under 50 SKUs do not need pricing software
“My guess is that probably if you've got less than 50 SKUs or so, or you do very little in the way of transactions, you probably don't need the product.”
Carrying diverse SKUs creates dangerous inventory risks for early DTC startups
“Because where you get into trouble is if you have a bunch of different SKUs, and you're trying to like, you know, carry them all in case the customer wants that versus that.”
Siete Foods raised $1M from Austin angels and a Chicago broker
“Yeah, we raised a million dollars from a few angel investors here in town, and then a natural foods broker who's based out of Chicago.”
Ma: Zola offers over 50,000 SKUs on its marketplace
“We have over 50,000.”
Bakshi: Costco Generates 20% ROE and High Turns on Sub-2% Margins
“Costco, I think, makes about 20% return on equity, which is actually quite healthy if you look at, ah, interest rates over this part of the world, and it has, ah, a pat margin of less than two percent, so it has very high capital turns, ah, and it can do that …”