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Starting June 1st, 2023 Our warehouse fee will be $0.65/cubic foot per month

In effort to lower the warehouse storage fee during inflation, we have went narrow aisle racking.This construction took us four months but the project is finally completed. With narrow aisle racking, we are able to drop storage by 24%.We as partners will go through this inflation together.

Starting June 1st, 2023 Our warehouse fee will be $0.65/cubic foot per month

In effort to lower the warehouse storage fee during inflation, we have went narrow aisle racking.This construction took us four months but the project is finally completed. With narrow aisle racking, we are able to drop storage by 24%.We as partners will go through this inflation together.

Blogs/education-series

11/21/2023

659 views

What is a SKU number? How to create and use SKU codes effectively

    What is a SKU number? This question is crucial for any business, whether handling 5 or 500 products. SKUs are vital tools that facilitate inventory management, provide insight into inventory levels and sales data, and enhance customer experience. The process of creating and utilizing SKUs varies among brands, and without a clear understanding of their purpose, their implementation can become complex. This article of Worldcraft Logistics delves into the definition of SKU numbers, their discovery and creation process, best practices for managing them, and choosing an effective 3PL partner for efficient overall handling.

    What is SKU numbers?

    1. What is SKU numbers?

    In the retail industry, the term "SKU" or "SKU numbers" an acronym for "stock keeping unit" is frequently mentioned but not always fully understood. It is a unique alphanumeric identifier, generally comprising eight digits, that retailers allocate to individual variants of a product. This system is essential for tracking internal stock quantities. Each variation of a product, whether in color or size, receives a distinct SKU number. This method allows for accurate and efficient inventory management, enabling retailers to quickly identify and monitor stock levels, aiding in restocking decisions and sales analysis.

    2. Where do you find a SKU number?

    SKU numbers, a key component in retail, are found in various locations, both visible to customers and used internally. Commonly, SKU numbers appear on a product's packaging, typically positioned above the barcode. Unlike the 12-digit numeric UPC (Universal Product Code) at the bottom, the SKU is an alphanumeric code at the top, distinct from the UPC. Additionally, SKU codes are often found on price tags for items like clothing, frozen foods, toys...

    Where do you find a SKU number?

    In brick-and-mortar stores, it's not uncommon to see SKU numbers displayed on the shelves where the products are located, rather than on the product itself. This practice aids retail workers in efficiently managing and locating in-store inventory. However, it's important to note that not all products have SKU numbers. If a product lacks an SKU on its packaging or tag, it may not have been assigned one yet or might be listed exclusively online. This flexibility in SKU placement and usage underscores their role in organizing and tracking retail items.

    Can you find the SKU code for products online?