SKU stands for Stock Keeping Unit. It is a unique identifier that is used to track and manage inventory in a retail or manufacturing setting.
A SKU is a code that is assigned to a specific product or variant of a product. This code can be a combination of numbers and/or letters, and it is used to track inventory levels, pricing, and other important information about the product. For example, a company might assign a SKU to a specific size and color of a shirt, or to a specific flavor of a food product.
SKUs are used by retailers, manufacturers, and distributors to track and manage inventory. They are an important tool for businesses to keep track of the products they have in stock, the products that are running low, and the products that need to be reordered. Additionally, SKUs can be used to track sales and identify which products are selling well and which products are not.
SKUs can also be used to track pricing and cost information for a product. Retailers and manufacturers can use SKUs to track the cost of goods sold, as well as the prices at which they sell products. This information can be used to make important business decisions, such as pricing strategies and inventory management.
SKUs can also be used in e-commerce, to identify products and its variants online, which helps with online tracking of inventory, pricing, and other important information.
In summary, SKU is a unique identifier that is used to track and manage inventory in a retail or manufacturing setting. It is a code that is assigned to a specific product or variant of a product. It helps to track inventory levels, pricing, and other important information about the product, which is essential for businesses to keep track of their stock, sales, and make important decisions.