Point of Sale (POS) Glossary
SKU is an acronym for stock keeping unit. An SKU is used by a business to track their inventory. They are generally 8-12 characters long, begin with a letter, and are unique to each company.
An SKU is different from a UPC. UPCs are universal and are issued by the Global Standards Organization and identify a manufacturer and item. SKUs are designed by individual businesses to represent important information about merchandise.
Some things a merchant might build into their SKU include customer type, sizes, colors, and more. What they choose to incorporate into their SKU architecture is unique to their business.
A robust point of sale system can help merchants encode SKU into a barcode, associate SKUs with UPCs, and more. Depending on the store procedures, the POS register would scan these barcodes as customers are checking out.
An eCommerce website is open 24/7 and accessible from all over the world. Being online and having physical store opens your business to a global market.
You’ve probably been at the register at the grocery store and asked if you wanted to contribute money to a charity as you checked out. Maybe you donated, or perhaps you found it was annoying. It might have depended on your mood that day, or possibly the charity was a deciding factor.