What does the abbreviation SKU stand for?

The abbreviation SKU stands for Stock Keeping Unit. This term is widely used in inventory management and retail to uniquely identify each distinct item in stock. Each SKU represents a specific product's attributes such as the brand, size, color, and other characteristics, which helps businesses track inventory levels, sales, and overall product performance. By categorizing products with SKUs, retailers can efficiently manage their inventory and meet customer demand more effectively. The SKU system is essential for streamlining operations and providing accurate data for decision-making in supply chain management and sales strategies.