A Stock Keeping Unit (SKU) is a unique alphanumeric code assigned to a specific product for inventory tracking and management. Product SKU meaning is vital in retail and e-commerce for efficient stock monitoring, reducing stock discrepancies, streamlining order fulfillment, and improving supply chain efficiency. Each SKU represents details like product type, size, color, model, or packaging, allowing for easy identification and inventory control. In logistics, SKUs enable retailers, manufacturers, and distributors to accurately forecast sales, track sales trends, and expedite the reordering process.
See Inventory Management.