Stock Keeping Unit (Sku)
A SKU (Stock Keeping Unit) is a unique identifier for a product or service. It is used to track inventory and can be used to streamline procurement processes.
SKUs can be assigned to products or services by manufacturers, suppliers, or retailers. They are often used in barcodes and can be inputted into inventory management software to keep track of stock levels.
Having a clear and concise SKU system in place can help businesses save time and money when ordering goods and keeping track of their inventory.