What is a Stock Keeping Unit (SKU)?
A Stock Keeping Unit (SKU) is a unique identifier used to track inventory and sales of products. This code, often referred to as a product code or item number, is used by retailers, manufacturers and wholesalers to manage and keep track of their products and inventory. SKUs are typically alphanumeric, meaning they are composed of both numbers and letters.
What is the Purpose of SKUs?
The primary purpose of SKUs is to make it easier for businesses to manage their inventory. SKUs provide an efficient way to keep track of products, their prices, and the quantity in stock. Additionally, SKUs are often used for promotional purposes, such as offering discounts on specific products.
How Do SKUs Help Businesses?
SKUs help businesses by making it easier to track and manage inventory. Companies are able to quickly see what products they have in stock, how many of each they have, and when they need to order more. SKUs also make it easier to identify products, as each one has a unique code. This makes it easier for businesses to manage their orders and quickly identify products.
Examples of SKUs
SKUs can be used to track and manage any kind of product. Some examples of SKUs include:
- Clothing items such as shirts, pants, and dresses
- Electronic items such as laptops, tablets, and phones
- Household items such as furniture, appliances, and decorations
- Food items such as snacks and drinks
SKUs can also be used to track services and other intangible items.
Conclusion
SKUs are a powerful tool for businesses to manage their inventory and track sales. They provide an efficient way to identify and track products, making it easier for businesses to manage their orders and inventory. For more information on stock keeping units, check out the following resources: