Learn the meaning of Single SKU!
What does single SKU mean?
What does single SKU mean?
In the liquidation industry, the term "single SKU" refers to a lot or pallet of merchandise that contains only one type of product, identified by a single Stock Keeping Unit (SKU). An SKU is a unique identifier for each distinct product and service that can be purchased. So, when a lot is described as a "single SKU," it means that all the items in that lot are the same product, which can be advantageous for resellers looking for consistency in their inventory.
What are the benefits of single SKUs?
What are the benefits of single SKUs?
The benefits of single SKUs in the liquidation industry include:
1. Inventory Management: Easier to manage and organize inventory since all items are the same.
2. Consistency: Provides consistency in product offerings, which can be appealing to customers looking for specific items.
3. Simplified Listings / Inventory Management: Simplifies the process of creating listings for online sales, as you only need one product description and set of images. Physical retailers have less items to add into their POS inventory management platform streamlining new inventory additions.
4. Bulk Purchasing: Often allows for bulk purchasing, which can increase profit margins.
5. Streamlined Shipping: Simplifies the shipping process because all items are the same size, weight, and type.
6. Targeted Marketing: Makes it easier to target marketing efforts towards a specific audience interested in that particular product.
Overall, single SKUs can help streamline operations and improve efficiency for resellers.