Stock Keeping Unit - SKU
 |
Definition of 'Stock Keeping Unit - SKU'A store's or catalog's product and service identification code, often portrayed as a machine-readable bar code that helps the item to be tracked for inventory. A stock keeping unit (SKU) does not need to be assigned to physical products in inventory. Often, SKUs are applied to intangible, but billable products, such as units of repair time or warranties. For this reason, a SKU can be thought of as a code assigned to a supplier's billable entities. |
 |
Investopedia explains 'Stock Keeping Unit - SKU'SKUs are used by suppliers within their data management systems, to help track amounts of product in inventory, and/or units of billable entities sold. SKUs help suppliers be able to track efficiently, the numbers of individual variants of products/services sold or remaining in stock. They are not to be confused with the model number of a product, although model numbers and attributes are often included to form all or some of a SKU.For example, a tire with a model number of 45790 and a size of 32", may have a SKU of 45790-32. |
Related Definitions
Articles Of Interest
-
Measuring Company Efficiency
Three useful indicators for measuring a retail company's efficiency are its inventory turnaround times, its receivables and its collection period. -
Inventory Valuation For Investors: FIFO And LIFO
We go over these methods of calculating this component of the balance sheet, and how the choice affects the bottom line. -
Understanding The Cash Conversion Cycle
Find out how a simple calculation can help you uncover the most efficient companies. -
What are the generally accepted accounting principles for inventory reserves?
As with most matters related to generally accepted accounting principles (GAAP), accountants assigned with the task of applying GAAP to inventory reserves often use a significant amount of personal ... -
Mondelez Isn't As Good As Nestle, But Priced Like It Is
Investors seem to bullish on Mondelez, given the relative performance at Kellogg and Nestle. -
How Spring Cleaning Can Make You Money
Spring cleaning is a well-established tradition, but you can also make money by selling your unwanted goods. -
5 Painless Ways To Save More Money
Saving money can be a chore, but these tricks put money in your pocket with no effort at all. -
Restaurant Segments Going Under
Diners are as American as apple pie, yet their popularity is waning with today's consumers. -
5 High-Priced Apple Products
With the skyrocketing demand of anything Apple, many have profited off the demand by selling Apple merchandise on the auction block. -
Best Valentine's Day Gifts For Your Man That Are Under $20
These inexpensive products make good gifts for the man in your life.
Free Annual Reports
