Finale inventory rename a product7/3/2023 For a blue men’s T-shirt in size medium that came from Vendor X, you could use a SKU like this: ![]() For example, let’s say you are an online clothing store. SKUs can be very obvious or highly encoded. During regularly scheduled check-ins, employees can use SKUs to compare what's on the shelf to what's in the computer to identify any product shrinkage, a retail term that refers to any lost, stolen or damaged products that can't be sold. If inventory gets too low on a specific good, it may trigger a notification to reorder or could automatically send a purchase order to a supplier. When a cashier scans a SKU at a checkout counter, it pull ups the price in a point-of-sale (POS) system while recording that the item has been removed from available inventory. ![]() Again, every business is different, so your exact uses for SKUs could also vary.Īn example of one place where SKUs are important is retail clothing stores. In warehouses or large stores, overnight staff could use SKUs to sort boxes when unloading a truck and for restocking the shelves. ![]() Managers or sales clerks may use SKUs to look up whether a product is in stock. They can be used for inventory tracking, facilitating faster sales or routing products to the right locations. Why Is a SKU Important?Ī SKU can be important for many reasons. Each specific combination has its own SKU. If you sell the same widgets from three different brands, you could wind up with 45 SKUs for that one product. If you sell widgets in five colors and three sizes, you should have 15 SKU codes for that one product. The alphanumeric information in the code, which is usually eight to 12 digits, may intuitively represent certain item traits or may require a key to decode.Įach SKU should be unique to a specific product. How a SKU Worksīrick-and-mortar retailers, online retailers, wholesale distributors and manufacturers typically implement a SKU tracking system. Companies do not create these codes on their own. UPCs are assigned by GS1, an international standards organization, which standardizes them. UPCs are used in conjunction with SKUs but are specific to the product and are the same regardless of the business, identifying the manufacturer and item. They are usually alphanumeric codes that indicate product details, and the exact same item could have two different SKUs at two different businesses. SKUs can be unique within a business, as businesses create these codes themselves. While the two can be related, they are not the same thing. Stock keeping units are often confused with Universal Product Codes. "Creative Commons UPC Barcode" by toguro Stock Keeping Units (SKUs) vs. When you go to the store and use self-checkout, the UPC barcode you scan is most likely tied to the store's SKU for that product. The company decides what information each SKU represents.īusinesses often tie their SKUs to Universal Product Code (UPC) barcodes, which make products scannable for inventory and shipment tracking as well as faster checkout. The alphanumeric code could indicate an item’s color, style, size, brand, manufacturer, packaging or even price. SKUs are codes that businesses create out of letters and numbers that represents detailed information about a product, and they’re established by each business.
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