what does s k u mean?
SKU stands for Stock Keeping Unit. It is a unique identifier assigned to each product in a store or inventory system, used to track and manage products, stock levels, and sales.
Breakdown of SKU:
- Stock: Refers to the inventory or goods available for sale.
- Keeping: Refers to managing or tracking the items.
- Unit: Refers to each individual item or product.
Purpose of SKUs:
- Product Identification: SKUs help businesses quickly identify and differentiate products based on attributes like size, color, brand, and style.
- Inventory Tracking: They allow companies to manage stock levels, track sales, and monitor product movement.
- Order Fulfillment: SKUs streamline the order fulfillment process, ensuring the right products are selected, packed, and shipped.
For example, in an online store selling t-shirts:
- SKU: TS-RED-M might represent a Red T-shirt, Medium size.
- SKU: TS-BLU-L might represent a Blue T-shirt, Large size.
Each SKU is unique, making it easy to manage inventory, track sales, and provide better customer service.