What is the purpose of a SKU (Stock Keeping Unit)?
The purpose of a SKU is to provide a unique identifier for each individual product variant or variation within a business's inventory. By assigning a distinct SKU to each product, businesses can efficiently track and manage their inventory levels, monitor sales, and simplify the ordering and fulfillment process. SKUs are widely used in various industries such as eCommerce, logistics, shipping, DTC (Direct-to-Consumer), B2B (Business-to-Business), and fulfillment processes.