In prior posts we’ve discussed the varying definitions of the Key Value Item (KVI) in retail. Setting aside the important differences, the core principle remains: KVIs are the most important SKUs in the assortment. And these items often warrant special treatment: competitive price monitoring, out-of-stock warnings, and other automated pricing monitoring.
We’ve worked with many retailers to build and maintain a list of their KVIs as top priority SKUs. And while every retail sector has its own specifics, there are a few general themes that can help identify your KVIs.
Within each of these categories there’s the work of finding the actual datasets, metric calculations, balancing, and validation of the resulting lists to be done. Give us a shout, we’d love to help.