Product consolidation refers to the process of combining multiple products or features into a single, unified solution. It is like decluttering your house by merging all your kitchen utensils into a single drawer organizer. In product management, consolidation is often done to simplify user experience, reduce complexity, and streamline operations. It's like bundling your phone, camera, and music player into a single smartphone. By consolidating products, companies can save costs, improve efficiency, and provide a better overall user experience.