SKU Number: A Key to Inventory Management
A Stock Keeping Unit (SKU) number is a unique identifier assigned to each distinct product or variation within an inventory system. For instance, a blue t-shirt in size medium might have a SKU number of “TSHIRT001BLUEMED”.
SKU numbers play a vital role in inventory management, enabling businesses to track and control their stock efficiently. They streamline order fulfillment, reduce errors, and facilitate inventory valuation. The concept of SKU numbers originated in the early 20th century as a way to standardize inventory management practices and improve operational efficiency across industries.
