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Term of the Day

stock keeping units

Stock Keeping Unit (SKU) is an inventory management term that refers to a unique identifier assigned to each distinct product or item that a retailer wants to track and manage. All items with the same SKU would be identical in terms of style, color, size, or other characteristics. For example, a navy blue polyester skirt in size 12 would have one SKU, while the same skirt in size 14 would have a different SKU. This allows retailers to easily identify and manage their inventory, track sales, and make informed decisions about product ordering and storage.