Stock Keeping Unit

Moneybestpal Team

A stock keeping unit (SKU) is a special identification number that is provided to a particular good or item to make inventory management and tracking easier. 

The SKU is often made up of a combination of letters, numbers, or symbols that stand in for crucial details about the product, including its maker, product category, size, color, and other pertinent characteristics.

SKU is frequently used in retail establishments and e-commerce platforms to effectively manage their inventory, monitor sales and revenue, and streamline the process of placing product reorders. Businesses can quickly maintain and monitor their inventory levels, determine which goods are the most in-demand and profitable, and streamline their purchasing and restocking procedures by giving each item a distinct SKU.

SKUs are used by organizations to streamline operations and improve customer satisfaction by reducing confusion and errors in inventory management.

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