Stockkeeping Unit (SKU) Analysis

A Stockkeeping Unit (SKU) is a unique identifier for a specific product in a store or inventory. SKU Analysis involves studying sales data related to these units to understand trends, demand, and inventory levels. This analysis helps retailers make informed decisions about stocking, pricing, and promotions. By analyzing SKUs, businesses can identify which products are popular, which are underperforming, and how to optimize their overall inventory for better sales and customer satisfaction. Ultimately, SKU Analysis aids in efficient resource management and enhances the shopping experience for customers.