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In inventory management, a stock keeping unit (abbreviated as SKU, pronounced es-kay-YOO or SKEW [1]) is the unit of measure in which the stocks of a material are managed.It is a distinct type of item for sale, [2] purchase, or tracking in inventory, [3] such as a product or service, and all attributes associated with the item type that distinguish it from other item types (for a product ...
An SKU code may also be referred to as product code, barcode, part number or MPN (Manufacturer's Part Number). [ 7 ] " New old stock " (sometimes abbreviated NOS) is a term used in business to refer to merchandise being offered for sale that was manufactured long ago but that has never been used.
Numeric distribution is based on the number of outlets that carry a product (that is, outlets that list at least one of the product's stock-keeping units, or SKUs).It is defined as the percentage of stores that stock a given brand or SKU, within the universe of stores in the relevant market.
Product managers are responsible for managing a company's product line on a day-to-day basis. As a result, product managers are critical in driving a company's growth, margins, and revenue. They are responsible for the business case, conceptualizing, planning, product development, product marketing, and delivering products to their target ...
A product's average price is the result of dividing the product's total sales revenue by the total units sold. When one product is sold in variants, such as bottle sizes, managers must define "comparable" units. Average prices can be calculated by weighting different unit selling prices by the percentage of unit sales (mix) for each product ...
The Global Trade Item Number (GTIN) is an identifier for trade items, developed by the international organization GS1. [1] Such identifiers are used to look up product information in a database (often by entering the number through a barcode scanner pointed at an actual product) which may belong to a retailer, manufacturer, collector, researcher, or other entity.
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In comparison to product bundling, which is a strategy of offering more than one product for promotion as one combined item to create differentiation and greater value, product lining consists of selling different related products individually. [1] The products in the product line can come in various sizes, colours, qualities or prices. [2]