Organization and orderliness are the keys to running a successful business.
However, should it be limited to your workforce? Not really.
Along with your employees, your inventory should be equally organized and managed systematically. Considering, you are not just dealing with a product or two but a variety of them in different brands, sizes, quantity, quality, & so on. And it is neither practical nor always possible to keep all the details tied to your memory.
What if you had someone who could remember the product details for you?
A Stock Keeping Unit (SKU) can do that for you and much more, making inventory management a lot easier. Let’s find out what are the benefits of an SKU and why you should have it. But before we get to the benefits of SKU, first take a closer look at the meaning of SKU.
What Is a Stock Keeping Unit?
SKU, which stands for "stock keeping unit," is a number used by retailers to distinguish between products and maintain track of inventory levels. An SKU usually has eight alphanumeric digits. Based on a variety of factors, including price, manufacturer, color, style, type, and size, products are given multiple SKU numbers.
SKUs are scannable bar codes that are most frequently found printed on product labels at retail establishments. Vendors can use the label to automatically trace the movement of their inventory.
SKUs may also be used for intangible but chargeable goods, like units of repair time for warranties or in auto body shops.
SKUs are not standardized; rather, they are intended to be particular to your business and can be customized to meet your needs as well as those of your suppliers and clients.
Understanding Stock Keeping Units (SKUs)
SKUs are used to track inventory levels by shops, catalogues, online retailers, service providers, warehouses, and product fulfilment center's. It is simple for managers to identify which products require restocking thanks to scannable SKUs and a POS system.
The point-of-sale (POS) system scans the SKU when a consumer makes a purchase, immediately removing the item from inventory and capturing other information like the sale price. A stock keeping unit can be used for more than just product identification.
Understanding these codes and how to create one is crucial. It would be challenging to keep track of sales and inventories without grouping them according to their brand, model, type, color, size, or any other distinguishing characteristics. Every shop, warehouse, e-commerce seller, and fulfilment facility has their own set of them. As a result, each store in the same retail chain will have a separate SKU for Item A.
Why Are SKUs Important?
SKU numbers are crucial because they allow you to precisely track your inventory in order to avoid having ghost inventory and to determine when to order new products in order to ensure that your inventory never runs out.
SKUs allow customers to compare the qualities of similar products. For instance, online retailers may show comparable films purchased by other customers when a customer purchases a specific DVD based on SKU data. The customer may make further purchases as a result of this strategy, boosting sales for the business.
SKUs also make it possible to gather sales-related data. Based on the scanned SKUs and the POS data, a store, for instance, can determine which products are selling well and which are not.
Retail establishments, warehouses, and product fulfilment facilities frequently use stock keeping units, which are of utmost importance. Among their many important applications are the following:
- Assisting with product reorder points
- Locating a particular product
- Determining the most profitable goods (through analysis)
- Monitoring inventory to determine how many units of a certain product are available.
- Assisting with product stock levels reconciliation
- Determining inventory shrinkage
- Making it possible for customers to find things fast to help them save time.
Where Do SKUs Come From?
Whichever company makes the product will determine this:
- If you're the manufacturer
Whether you sell your goods directly to consumers, via Amazon, or as a wholesaler, getting UPCs for your goods is a smart move. Print labels for them, and be sure to always use them as a reference.
- In cases where a different business is the manufacturer
Bar codes with 8-, 12-, or 13-digit digits underneath could be present on products made by different manufacturers. These special numbers, also known as global trade identification numbers (GTINs), universal product codes (UPCs), or European article numbers (EANs), are generated by central organizations and acquired by manufacturers to be printed on their items.
EAN or UPC codes can be utilized as SKUs because each product version has a unique code. In a similar manner, your SKU can be the international standard book number (ISBN), which is the 10- or 13-digit number displayed underneath the bar code on a book's cover.
It's up to you to establish one in your inventory management system if a small firm doesn't use these codes.
What Are SKUs Used For?
SKUs serve more purposes than merely inventory tracking and product identification. With the data gathered, you have data that can be examined to determine the profitability and effectiveness of your retail operation.
Shopper Experience & Store Appearance
SKU numbers make it easier to plan out and set up your store so customers and employees can quickly find what they need. You can arrange and locate products on your sales floor and in storage areas thanks to their ability to track products by item category, department, collection, or vendor.
SKUs also enhance store merchandising and give customers a welcoming, organized experience, which increases sales. Without SKUs, it's easy to lose track of which products are where in your store, which can lead to perplexed employees, irate customers, and—worst of all—lost revenue.
Analysis
SKUs give retailers the ability to gather information that enables them to analyze sales patterns in their various consumer categories or decide which products are most popular. They are able to stock inventory in accordance with consumer behavior trends thanks to this analysis.
Reducing incorrect orders, backorders, and shipping delays
Have you ever entered a shoe store, asked a salesperson for a specific size, and then watched them disappear for a while? Then when they come back, do they inform you that that particular size is sold out?
Customers find it frustrating to wait for an item just to be informed that it isn't available. You can quickly and precisely meet your customers' needs with the aid of SKUs.
B2C or B2B salespeople (via integration with point-of-sale systems) can reply to customer inquiries promptly.
SKU barcodes can not only speed up your response time but also enable you to reduce and perhaps even completely avoid backorder situations.
Customers are more satisfied with your company as a result of all these reasons. This ingrained sense of brand loyalty will help you retain clients that you may otherwise lose to your rival if the moment comes when you do run out of certain things.
Inventory Management
An SKU system's primary function is inventory management. Retailers can monitor inventory levels, turnover, and flow by using an SKU. Using the data received from sales, they can establish inventory levels and timetables, which serve as triggers for starting or ending inventory orders.
Simplify shrinkage and stocktakes
Stocktakes should be carried out on a regular basis at any interval to ensure that the inventory levels in the warehouse match those reported in the inventory management system.
- The organization and identification of products using SKUs makes stock level reconciliation easy and simple when each of your product variations is coded with a distinct SKU.
- Shrinkage is one of the critical elements that must be identified, along with stock level identification.
- Shrinkage occurs when products go missing or are damaged throughout the supply chain, primarily as a result of theft.
- Using SKU, store administrators can guarantee the transparency of stock movements and identify where and how goods disappears, greatly lowering the likelihood of theft.
Marketing and Advertising
It's a contemporary tactic to use SKUs in advertising. With everyone comparing prices in the cut-throat online retail environment, an SKU makes your inventory appear distinctive and enables you to pinpoint marketing strategies that are driving sales based on the product identifiers. In place of the manufacturer's model number, many shops offer their SKU.
By doing this, you make it harder for customers to find the exact model at a different retailer and less likely for them to use the same data to match pricing strategies with rival businesses. Additionally, it can aid in reducing the trend of customers visiting businesses to compare pricing on goods they want to purchase online.
Customer Support
When a client asks for an alternate version of a product, a store employee can scan an SKU to swiftly determine what is in stock, increasing sales efficiency and customer satisfaction.
Recognizing profits
SKU tracking can provide entrepreneurs with very important company insights. They can identify the product variant that sells out quickly. They can also tell which ones are less well-liked.
These insights can aid companies in making well-informed choices that would increase their profitability.
Sales patterns
Retailers can gather information from their SKU system to identify seasonal trends based on various customer groups. They are able to increase profitability and customer happiness by being able to replace their supply based on anticipated customer behavior.
Sorting out products
Retailers can use SKUs to distinguish between the several iterations of a specific type of goods. At every stage in the supply chain, they can avoid confusion by adding distinctive product codes. This may reduce expensive mistakes.
Product Suggestions
Businesses employ these codes to improve customer experiences on their e-commerce websites. For instance, Amazon.com can use SKUs to select products to show as "suggestions" when you are shopping.
Each product has simply received a special SKU from the corporation, along with all of its distinguishing characteristics. The purchasing platform may show you additional blenders that are comparable to the one you are examining when you are looking at one.
What is a Stock Keeping Unit Number?
As a business owner, you have a lot of money invested in the raw materials and stocks. Hence, it must be your priority to track your inventory carefully and manage it efficiently. And a Stock Keeping Unit does that for you.
An SKU is a unique number or code allocated to each product that differentiates it from the other products in the warehouse. It makes it easier to track the product and keep a record of the products.
Another popular acronym that often gets mistaken with SKU is UPC. i.e., Universal Product Code. While both of these have similar functions, they fulfill different purposes. We shall take a quick look at the differences between the two in the next section.
Where Is SKU Number Located?
Every product in a store's or warehouse's inventory has an SKU listed on a tag. Many organizations utilize the SKU (Stock Keeping Unit) method because it makes tracking inventory simpler. If a consumer asks for the number on a product tag or label, you might have them refer to your "SKU number."
How to Find SKU Online?
You can use one of the many internet databases to seek up a UPC or an ISBN. Finding the right number is crucial because there are frequently multiple products with the same number. You can locate the GTIN number in a number of locations.
Find the inventory number that your manufacturer has been using. Find the inventory number your wholesale distributor has been using, or discover the inventory number your retail clients have been using.
Do SKU Numbers Change?
Definitely not. A product should not have its number changed once it has been assigned. If a business discovers it has been using the exact same SKU as another, they will just modify the number. But if you adhere to accepted industry standards, that's improbable.
It's usually a different SKU or kind of goods if you find one with the same number as yours. The same number may be utilized by some businesses, such as stores, for various products. The best practice is to examine the database to ensure there hasn't been an error if you discover an SKU product with the same number as one of your goods.
SKU vs UPC (UPC Barcodes)
Today many business owners use the terms SKU & UPC interchangeably. However, it is essential to be familiar with the differences between the two.
- While the SKU numbers are inventory codes novel to a specific company, the UPC barcodes are product tracking codes that are patterned for universal use by any company.
- Another difference between SKU & UPC is, SKU codes are alphanumeric, and UPC barcodes are numeric. The size of a UPC shall always be 12 digits. However, the length of the SKU number is to be given by the company.
- Companies practice the freedom to create their own SKU code, whereas UPC numbers must be licensed and purchased by Global Standards 1.
Now that you have noted the difference between SKUs, and UPCs let us take a closer look into the benefits of SKU as promised.
SKU Management
If you plan to use SKUs, managing them effectively is crucial. SKU management enables you to evaluate the cost of stocking each product so you can be certain that every item of inventory satisfies the company's financial goals.
SKU management, when done correctly, enables you to maximise your inventory levels and purchasing (and increase revenue). If done incorrectly, you'll have significant holding expenses for your goods and less capital accessible.
You have two options for managing SKUs: manually or automatically.
Manual SKU Management
If you use the manual method, you must first compute the SKU ratio and the sales ratio before comparing them.
- Calculating SKU ratio
Look through your product catalogue first, then list all of your SKUs in a spreadsheet. Make a note of the pricing, the cost to you, and the gross profit for each SKU. To calculate your gross profit, deduct your costs from the asking price.
Then, in your spreadsheet, define gross profit ranges and record how many SKUs fall within each range. To get your SKU ratio for each range, divide the number of SKUs in a range by the total number of SKUs (and multiply by 100).
- Calculating sales ratio
Record the quantity of units sold using the same gross profit ranges (in a given period of time). The sales ratio for each range is then calculated by dividing the number of units sold within each gross profit range by the overall number of units sold (and multiplying by 100).
- Reviewing your results
Compare the SKU to sales ratios for each gross profit range in a spreadsheet. You may even plot this data on a graph to examine how your SKU ratio relates to your sales ratio if it appeals to your visual senses.)
Your top-selling products are found in the gross profit brackets with sales ratios substantially greater than SKU ratios. It signifies that certain things are in high demand (and potential for generating more sales if you increase inventory or marketing).
When your sales to SKU ratio falls within your gross profit margin? They're the ones who perform the worst. There is too much supply, therefore you should scale back on marketing and inventories (or even stop selling the products).
Automated SKU management
Although the entire procedure can seem a bit laborious, don't worry—SKU management can be automated. The accuracy of your data is increased and costs are decreased when your SKU analysis is automated.
Utilize POS systems with integrated inventory management and other technologies, such as bar coding, to automate the process. You may track products electronically in real time and automatically update inventory by using software to manage your inventory. Additionally, built-in analytics assist you in developing sales and marketing plans and more successful purchasing procedures.
How to Use SKUs to Grow Your Retail Business?
Highlight your top revenue-generating strategies
Your SKU architecture showcases both your most popular products and your least popular ones. Your SKUs can also help you get inventive with your best-selling products in addition to helping you determine your reorder points and which products to eliminate.
Data about your top revenue-generating products can influence decisions on in-store product displays and visual merchandising, as well as tactical marketing initiatives that speed up the turnover of that popular stock.
Reliable inventory tracking
SKUs define product characteristics, making them useful tools for monitoring the availability of your whole inventory.
You may decide precisely when to place fresh product orders by using your SKU data to monitor product statuses. The reorder point for a retailer is what this is known as.
Set reorder points in Shopify admin to receive low stock notifications in order to avoid stockouts. These make sure that you have sufficient lead time to restock a product's inventory before quantities run out.
Accuracy leads to productivity and efficiency. Real-time inventory management helps you keep up with your company's changing needs.
Provide customers with fresh ideas to boost sales
SKU product data is useful for more than just tracking sales and managing inventory. It can be used on the sales floor as well. For instance, if a product is out of stock, your retail staff can use their understanding of SKUs to point clients toward alternatives.
As an alternative, if a customer's desired item is in stock, your staff members might recommend complementary items. Additionally, e-commerce websites frequently use this.
When you browse products online, merchants frequently present like goods you might enjoy. This is most commonly accomplished through a retailer's SKU architecture, where an algorithm has been used to generate suggestions for products with comparable qualities or attributes.
Projections of sales and demand
More accurate sales and demand forecasting is also a result of accurate inventory counts. This makes it simpler for you to respond to inquiries like:
- How many employees do I need on the shop floor during a certain season?
- How much of each product should I have in stock?
- How frequently should I resupply on particular items?
- How much payroll can my cash flow support during the year?
Maintaining a grip on these dynamic components of your retail business establishes you as a trustworthy business partner to your clients and suppliers.
- Do not remove products outright if your SKU data indicates low-selling stock. Instead of increasing your inventory, reduce it because some customers might still buy such items.
- Project Impact, a Walmart project from 2008, is a great illustration of what not to do: the corporation kept its best-selling products, got rid of its worst-selling ones, and introduced more expensive items. The outcome? a sudden drop in sales as a result of customers shopping at other stores.
- There is a workaround, though, and it requires your SKU architecture. Consider how people are buying your items, advises the Harvard Business Review.
- Most of the time, customers purchase bundles of attributes rather than individual goods.
- You may carefully assess your inventory to estimate demand and satiate clients by organizing your SKU numbers to express the details that buyers care about about your products.
Increase customer satisfaction and loyalty
SKU numbers can assist your client always find the item they require because they can be used to predict reorder points. As a result, there are fewer or no stock-out difficulties during the shopping experience, which increases consumer satisfaction and brand loyalty.
Additionally, your customers might be more likely to exercise patience rather than switching to another retailer when a product does run out of stock (which is unavoidable in the retail industry).
6 Benefits of SKU in Inventory Management
With more power comes more responsibility. With SKU comes a competitive edge you do not want to miss.
Here are the top 6 benefits of SKU:
Accurate Inventory Details
As your every penny is tied in the inventory, you do not want to fail as a business owner by overstocking or failing to fulfill your customer requirements. In this case, you need accurate details of your inventory. A Stock Keeping Unit number keeps you updated with the goods available for selling, when you should restock, and what you should reorder.
"Also make sure you are tracking the inventory turnover ratio to avoid over or under stocking."
Win-Win Sales Opportunity with Inventory Sharing
With unique SKUs, you can share your stock across the entirety of your online stores as well as physical stores. It implies that your inventory will be continuously updated. You can share your stocks across all your business channels. Be it from retail stores, commercial centers, shopping carts, to many others. Furthermore, you will no longer have to hold stock for particularly one customer. But it will be open for purchase in all your business channels.
Quick-Pick Orders- Quicker Deliveries
According to a study, more than 80% of customers expect their purchase delivered within six days of buying it. Not just that, according to 70% of customers, they would not tolerate receiving wrong products more than 2 to 3 times by the same retailer.
It seems like a critical problem you never want to encounter in your business life.
With the pandemic, online shopping also saw a rise. And the patience of your customers is at an all-time low. Considering that, it is of utmost importance to keep up with their expectations.
On a hand, you have your customers waiting to receive exactly what they ordered within 6 days of placing the order. On the other hand, you have your employees dealing with a warehouse full of products and their variants. In such times, SKU comes to your rescue.
SKU number saves your time. It lets you know the exact location of a particular product in the warehouse. So the product can be picked quickly and shipped for delivery. SKUs fasten the delivery process and ensure the right product is delivered.
You can further optimize your Pick-Pack-Ship process by using an online inventory software like Deskera.
Efficient Packing & Shipping of Goods
SKUs not only make it easier to pick orders quickly and accurately but also make packaging efficient. You no longer have to create a packaging slip manually. All you have to do is, scan the SKU barcode, get the product details in your system and print it. Your packaging slip is ready! More accurate and faster.
Moreover, if you are using a digital inventory system like Deskera, the SKU numbers updates automatically. It keeps you updated and allows you to monitor your inventory, the entire process from shipping to delivery both.
Efficient Cycle Counting
In every business, it is necessary to timely check how good is your inventory management system going. For this, you require the latest and accurate inventory details.
If you don’t have accurate inventory details, it will make for a poor inventory report. Hence, having well-integrated systems makes your work easy. All one must remember to do is scan the SKU. So, whenever there is cycle counting, you know three things.
Firstly, because SKU helps you to track your inventory, it will enable a smooth counting process. Secondly, you get a better understanding of customer demands.
Quick Response to Customer Demands & Questions
Imagine walking in a shoe store? You pick something you liked. Then, you ask the salesperson for a specific size in the same design. The salesperson takes a long time to go through multiple boxes in the display and the storage, only to return and tell you that the size is no longer available.
How does that make you feel?
Frustrating right?
With SKU, the salesperson can quickly check in his system whether or not he has the required variant of the product and update the customer. If the customer is ready to wait for some time to get the same design, the salesperson can promise to provide it in a day or two. In this way, you don’t lose your customer.
Let’s take a look at how it works so that you can start today.
How to Create SKU Numbers?
A Stock Keeping Unit is a combination of letters and numbers. The combination gives insights about the product- like the brand, model number, color of the product, size, quantity, so on and so forth.
There is no standard technique to create an SKU number. Every company can bring in its distinct style that is convenient to them to construct the SKU number.
Example of Constructing an SKU
SKU Number from example above: ABC-BG-BLU-SML-G233
ABC in the code denoting the brand of the product.
BG in the code is the short form for Bag that denotes the product type.
BLU in the code, which is a short form for the color Blue, signifies the color of the product.
SML in the code, which is a short form for small, stands for the size of the product.
G233 in the code is the product number.
You can create many such SKU codes for your products depending on the nature of your business/product.
Best Practices for Generating SKUs
Here are a few best-practice strategies for business owners to remember in order to make sure your SKUs are as precise and relevant as possible.
Keep SKUs concise and targeted.
The letters and numbers in an SKU should provide details about a product's key distinguishing characteristics, such as its brand, color, size, model, or flavor, rather than more generic details like its larger product category or the location of the store.
SKUs can be any length, but they usually range from eight to twelve characters. This length should enable you to convey all essential details about a product without adding extra bulk. Additionally, since the majority of inventory management systems are designed to read SKUs in this range, lengthier codes may result in errors or delays.
For example, Shopify advises SKUs under 16 characters and emphasizes that some products are straightforward enough for a four- to eight-character SKU. Check your POS system for its recommended range, though.
Avoid simply using the manufacturer's numbers again.
It can be overwhelming to create an SKU number system and may appear simpler to simply use the manufacturer's number or to include it in the SKU. However, this negates the advantages of having a customized SKU formula created to meet the particular requirements of your business.
Avoid using spaces or other special characters.
When an SKU is entered into a management system, spaces can be omitted because dashes are required to separate the numbers and characters in an SKU. Additionally, since both humans and POS software could have trouble reading them, additional special characters should be avoided.
Use only letters that cannot be confused with numbers.
SKUs can be confusing since they mix numbers and letters. For example, the letters "O" and "I" can first be mistaken for the numerals 0 and 1. The ideal practice for SKUs is to start with a letter because it makes the item's most significant category easier to recognise and identify.
Consider the stock hierarchy
Create an SKU structure that works for your retail store. Frequently, the top-level item category should be represented by the first two to three characters of the SKU number, followed by particular item information.
For instance, if you're creating an SKU for a women's black Nike sweater, your SKU code should begin with the top-level category, such as "Women," then the color, and then the brand.
SKU numbers shouldn't begin with a zero.
Computer software frequently reads a zero at the start of a number as nothing more than that. As a result, the SKU 01124321M might also be interpreted as 1124321M. Don't begin any of your SKU numbers with a zero to prevent misunderstanding brought on by this kind of inaccuracy.
To get around this, many companies make sure to add a brand or supplier identity to the front of the SKU number.
From general to particular information
Three or four main traits are usually enough to identify most products. The more generic identifiers, such brand, should come first on the list, followed by the sequential number. The final number identifies the current item.
Considering the size and type of your inventory
SKUs may be adjusted to the volume of your inventory and the primary qualities that set your products apart from the competition, which is one of the reasons why small businesses find them to be so helpful.
Take note of the topics that clients frequently ask about: Do they have a certain brand in mind that you carry? a specific kind of fabric, color, or size? You can arrange SKUs using these observations to make them as valuable for you, your vendors, and your consumers as feasible.
SKU should be added to your POS or inventory control system.
Although you can construct your SKU architecture manually, using a POS or inventory management system makes the process much simpler. Any of these aid in setting up your SKU and tracking your inventory quickly and effectively.
These software programs make it simple for you to monitor your inventory and sales and they keep you informed about the quantity of inventory you have on hand and the number of goods that have been sold.
Begin with the most significant trait.
Once you've identified these crucial qualities, choose the one that matters the most to you, and place it at the start of each SKU number.
For example, start with the identifier for jeans before moving on to style and size. Some stores prefer to utilise the most broad attribute as the first identifier and then move down from there.
Consider your customers
Additionally, doing this helps you better satisfy your clients, which is vital. Find out which product feature your consumers most frequently ask for.
When you are aware of the trait, you should start your SKU with a number that corresponds to that trait. You can guarantee maximum customer pleasure by doing this.
Other SKU Number Identifiers to Consider
Top-level identifiers, such as category and supplier, can match with item type codes to create flexible SKU number systems. These are only a handful of the numerous identifiers you can use, though. These additional identifiers can be helpful for your operation.
Department Identifier
The broad top-level identifiers known as departments can be used to track merchandising and placement within your business. A Department Identifier can be used to quickly determine where an item will be put on the sales floor or where it will be displayed.
You can segment sales reports by department in order to identify problem areas of your store if you include a department identification in your SKU number.
You may need to rearrange a section of your business, change the traffic flow, or increase your featured displays in a department if overall sales are below average.
Identifier for a subcategory
This level can be a little tedious for small merchants, but if you want to manage inventory and sales very precisely, you can add a Subcategory Identifier to your SKU.
Identifier for a store or location
Additionally, you can use a Store Identifier to categorize things by sales channel if you operate many stores or sell some items exclusively online, at markets, or through fairs. As a result, it is simpler to track inventory levels by store and to track sales by location or outlet.
Leave a placeholder for this identity in your SKU framework even if you don't currently sell in multiple areas but believe you will in the future. This will prevent you from having to redesign your system in the future.
Variation Identifier
A Variation Identifier can be of great assistance to both your consumers and the sales team on the sales floor if you sell products that are available in various sizes or colors. Additionally, it makes it simple to monitor the most popular sizes and/or colors.
SKU Number and Barcodes
Barcodes is a way to encode SKUs as needed. So you can take an SKU number string and convert it to a barcode easily using any free barcode generator tool available.
Barcodes though may contain more information than what the SKUs hold. For e.g. it may also contain the serial or batch number in addition to the SKU.
SKUs and POS Systems
A point of sales system is another name for a POS system. These POS systems are used by the typical retail establishment to keep track of their goods inventory and handle payments. With such a system, you can expand your company because it makes inbound and outbound inventory tracking simpler. This is especially accurate when an SKU is used.
The SKU will be scanned as you sell things. Your product's SKU doubles as one of its model numbers, making identification simpler. The product will automatically leave your product inventory after you sell it and scan it.
When you link your Point of Sale (POS) system with your inventory management software, automating this procedure is straightforward. Through SKU management, it is simple to keep track of product inventory and sales.
How can Deskera Help You?
As a manufacturer, you must be on top of your inventory stock management. The state of your inventory has a direct impact on production planning, personnel and machinery use, and demand assessment.
Deskera ERP and MRP system can help you:
- Manage production plans
- Maintain Bill of Materials
- Generate detailed reports
- Create a custom dashboard
Deskera ERP is a comprehensive system that allows you to maintain inventory, manage suppliers, and track supply chain activity in real time, as well as streamline a variety of other corporate operations.
Deskera Books enables you to manage your accounts and finances more effectively. Maintain sound accounting practices by automating accounting operations such as billing, invoicing, and payment processing.
Deskera CRM is a strong solution that manages your sales and assists you in closing agreements quickly. It not only allows you to do critical duties such as lead generation via email, but it also provides you with a comprehensive view of your sales funnel.
Deskera People is a simple tool for taking control of your human resource management functions. The technology not only speeds up payroll processing but also allows you to manage all other activities such as overtime, benefits, bonuses, training programs, and much more.
Final Thoughts
Now that you have gathered all about SKUs. From the meaning of SKU, the difference between SKU & UPC, the benefits of SKU, to how it works.
Today, the use of SKUs and UPCs is becoming more essential than ever. Considering the various benefits of using SKU in inventory management, you should not miss out on it.
Deskera makes it easy for you to manage inventory and integrates SKU & UPC scanning. You save time by simultaneously updating inventory and accounting data for you in the system while creating transactions or carrying out pick-pack-ship for order fulfillment.
So, what is stopping you? Get your free trial with Deskera today!
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