Stock Keeping Unit (SKU)

A Stock Keeping Unit (SKU) is a unique identifier used by retailers to track and manage inventory. Each SKU is usually a combination of letters and numbers, representing specific attributes of a product, such as size, color, and type. This system helps businesses organize their stock, facilitate sales, and streamline the supply chain. When a product is sold, the SKU allows for easy identification, making it simpler to restock and analyze sales trends. Essentially, SKUs are vital for efficient inventory management, ensuring that popular items are available while minimizing excess stock.