What does SKU stand for in retail terminology?

SKU stands for Stock Keeping Unit, which is a crucial concept in retail terminology. An SKU is a unique identifier for each distinct product and service that can be purchased. Retailers use SKUs to track inventory levels, sales trends, and product performance. This identification helps in managing stock, facilitating ordering processes, and analyzing sales data effectively.

Each SKU typically comprises various attributes, such as size, color, style, and other characteristics that differentiate it from similar products. By assigning a specific SKU to each product variation, retailers can better organize their inventory and optimize their supply chain management.

The other terms listed do not represent recognized concepts in retail management. While they might sound similar, they do not convey the specific function of identifying and managing stock, which is the primary role of a Stock Keeping Unit. Understanding the importance of SKUs can greatly enhance inventory accuracy and sales analysis in a retail environment.