All posts tagged: Private Label Manufacturing

The Basics of Product SKU Fragmentation

A SKU (stock keeping unit) is a tool used in the field of inventory management as a specific product identifier.  It is a number or term that is assigned to individual retail products to identify price, product options, and manufacturer.  Different retail locations and sources of sale use different SKUs to identify products.  Unlike UPC codes, these are not universal or standardized, but in house specific.  SKUs keep track of inventory and each variant of a product has a unique SKU. 

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4 Great Tips On Negotiating with Product Source Suppliers

There comes a time in every entrepreneur’s career that they must sit down and negotiate with someone to make their product sourcing margins work. This is an important skill to master, especially when dealing with product suppliers. Here’s why you should learn this skill and how to use it.

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