SKU (Stock Keeping Unit) is a unique identifier assigned to a product by a company. It is a code used to track and manage inventory within a warehouse or retail store. The SKU is usually a combination of letters and numbers, and it is used to distinguish different variations of a product, such as different sizes, colours or flavours.
SKUs are used by companies to track inventory levels and reorder products when stock runs low. They also allow companies to track sales trends for individual products and make informed decisions about inventory management. SKUs are also used to help with the ordering process, with the help of a Point of Sale system and an inventory management platform, such as NotaZone.
In the context of food production, an SKU is a unique code consisting of letters and numbers that identify characteristics of each product, such as manufacturer, brand, style, colour, and size. This allows manufacturers and retailers to track inventory levels and sales of each product, as well as monitor the performance of different products.
NotaZone’s inventory management platform can enable food producers to effectively manage their stock by providing them with a centralised platform to track and manage their products. This is done by:
- Tracking inventory levels in real-time, allowing them to quickly identify when stock is running low and when new orders need to be placed
- Monitoring sales and performance of different products, allowing them to identify which products are popular and which are not
- Generating reports and analytics on inventory and sales, providing valuable insights into how to optimise their inventory management
- Automating the process of tracking inventory and sales, reducing the need for manual data entry
Overall, using an inventory management platform like NotaZone can greatly simplify the process of managing inventory for food producers and help them to improve the efficiency of their operations.
To get started with a stock control and food traceability platform get in touch to book your free demo.