Understanding Stock Keeping Unit (SKU)

The Key to Smarter Stock Tracking with Open Sales ERP

What Is a Stock Keeping Unit (SKU)?

A Stock Keeping Unit (SKU) is a unique code used to identify and track each product in your inventory.

Simply put, an SKU is a special identifier—usually a combination of numbers, letters, or symbols—that distinguishes one product from another, even if they’re very similar.

Example:

• SKU for “Blue Premium Scuba Leggings” → LSCB-PR-BL
• SKU for “Red Premium Scuba Leggings” → LSCB-PR-RD

Both are premium scuba leggings, but the SKU lets you track each variant separately. With Open Sales ERP, you can immediately see which SKUs are selling fast, which are slow-moving, and which need restocking—saving time and avoiding costly mistakes.

Why SKUs Are Important:

Many businesses start by categorizing products broadly, like “premium leggings” or “sports shoes.” But once you add size, color, and style variations, manual tracking becomes complicated. Here’s why SKUs—and Open Sales ERP—matter:

1. Easier Stock Tracking
   Track inventory of each product variant, not just total quantities, with real-time updates in Open Sales.
2. Avoid Shipping Errors
   Clear SKUs reduce mistakes during picking, packing, and shipping. Open Sales ensures each order references the correct SKU.
3. Detailed Sales Data
   Analyze exactly which SKU performs best, helping you make smarter sales and marketing decisions.
4. Supports Business Growth
   As your product catalog grows, Open Sales ERP scales with you, making it easy to manage hundreds or thousands of SKUs without headaches.

SKUs and Open Sales ERP: The Perfect Combination for Data Tracking

With only a few products, spreadsheets might work. But managing hundreds or thousands of SKUs manually is time-consuming, error-prone, and frustrating when generating reports.

Open Sales ERP automates SKU management, providing:

• Real-time inventory tracking across multiple locations.
• Automatic alerts for low-stock items.
• Integrated reporting to quickly analyze SKU performance.
• Seamless order management to ensure the right product reaches the right customer every time.

With Open Sales, you don’t just track SKUs—you gain actionable insights that help your business grow smarter, faster, and more efficiently.

In short: A proper SKU system is essential for any growing business, and combining it with Open Sales ERP takes stock management to the next level. Track every product accurately, minimize errors, and make smarter business decisions—effortlessly.

Ready to simplify SKU management and optimize your inventory? Explore Open Sales ERP today and transform the way you manage your business.