What is the SKU in inventory control?

The correct answer is Stock Keeping Unit. In inventory control, an SKU is a unique identifier assigned to each product or item in a retailer's inventory. This identifier helps organizations track inventory levels, sales, and product movements efficiently. By using SKUs, retailers can manage their stock more effectively, ensuring that they know how much product is on hand, when to reorder, and which items are selling well.

The use of SKUs streamlines the inventory management process as it provides a consistent method for categorizing products, facilitating easier searches, and helping in data analysis. This information is crucial for making informed purchasing decisions and maintaining optimal stock levels to meet customer demand.

Other terms mentioned such as Standard Key Unit, Store Keeping Unit, or Sales Keeping Unit do not accurately reflect the widely accepted definition and function of an SKU in retail and inventory management, contributing to potential confusion in inventory systems if used incorrectly.