Quantity, SKU, Barcode Definitions
- Quantity: Quantity refers to the amount or number of items available for sale. When a product is out of stock, it means that there are no more items available for purchase at that moment.
- SKU (stock keeping unit): SKU stands for Stock Keeping Unit. It is a unique identifier assigned to a particular product in inventory management. SKU codes help businesses keep track of their stock levels, monitor sales, and manage orders. These codes typically include a combination of letters and numbers and can be customized by the business to suit their specific needs. Using SKUs can help businesses to make inventory management easy and make informed decisions about stocking and ordering products.
- Barcode: Product barcode, also known as a Universal Product Code (UPC), is a unique numerical identifier assigned to a product. It consists of a series of parallel lines of varying widths, along with a corresponding number sequence printed beneath the lines. Barcodes are widely utilized for product identification and tracking throughout the supply chain. They enable efficient inventory management in fulfillment centers, facilitate accounting through invoice scanning, and streamline purchases in retail stores.
