SKU (Stock Keeping Unit)
Inventory ManagementA Stock Keeping Unit (SKU) is a unique alphanumeric code assigned to each distinct product or variant in inventory. SKUs allow businesses to track products across the supply chain, manage stock levels, and fulfill orders accurately. Warehousing costs are often quoted on a per-SKU basis or include SKU count in pricing calculations, as managing more SKUs increases complexity and operational overhead.
Related Terms
WMS (Warehouse Management System)
A Warehouse Management System (WMS) is software that controls and optimizes warehouse operations including inventory tracking, picking, packing, shipping, and receiving.
Put-Away
Put-away is the warehouse process of moving received inventory from the receiving dock to its assigned storage location in the warehouse.
Slotting
Slotting (or slot optimization) is the process of strategically assigning inventory locations within the warehouse to minimize picking time and distance.