What Is Stock Keeping Unit with Example?

What Is Stock Keeping Unit with Example?

Businesses create different SKUs for its goods and services. For example, a store that sells shoes creates internal SKUs that show a product's details, such as color, size, style, price, manufacturer, and brand. For example, the SKU for purple Ugg boots in the Bailey Bow style, size 6, may read "UGG-BB-PUR-06."

How do you make a stock keeping unit?

With that being said, there are some best practices when constructing an SKU for a product.
  1. Make each SKU unique. Never reuse an SKU and make sure each product comes with a unique SKU.
  2. Keep SKUs short. ...
  3. Do not use spaces or special characters. ...
  4. Do not use letters that can be mistaken with numbers.

Why is SKU important?

SKU is an important aspect of a successful inventory management system. It allows you to track the stock with ease during the order process and notifies you during the time of reorders. The inventory management software and a proper created SKU will help you to automate the entire inventory process.

Chloe Bennett
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Chloe Bennett

Chloe Bennett explores the intersection of pop culture, streaming entertainment, digital trends, and contemporary lifestyle. Her weekly commentary reaches thousands of culture enthusiasts.