Whether you’re preparing to launch your online retail store or simply looking to better organise your vast inventory, there are benefits to having a strong SKU architecture in place.

But what exactly are SKUs? Why are they so important? And are you using them effectively?

This article aims to give you a greater understanding of Stock Keeping Units (SKUs), with examples of practical uses so you can improve how SKUs are utilised in your eCommerce business.

Excess or slow-moving stock can be a huge headache for online sellers.

Often this occurs at the beginning of the year after the crazy Christmas period or at the end of seasons when new products come into demand.

Not only does this mean valuable space in your warehouse is unavailable, but it can mess up your cash flow, and attempting to sell it can divert your attention away from other vital areas of the business.

So, what are the best strategies for inventory reduction?

When selling your products online, there is no denying that the process of actually listing these products can be both time-consuming and costly, no more so than when you are selling across multiple different channels. I say can be because the simple fact is it doesn’t need to be either.

When it comes to growing your online business, one of the biggest challenges lies in managing your inventory.

In fact, as your order volumes increase and you start to expand across more sales channels and into new markets, attempting to manually manage your operations becomes near-on impossible.

Having to deal with angry customers is often inevitable, however when it is the result of them being sold a product that isn’t actually available, well that is something that can largely be avoided.