how to make inventory for small business

#HOW TO MAKE INVENTORY FOR SMALL BUSINESS CODE#
#HOW TO MAKE INVENTORY FOR SMALL BUSINESS FREE#

You can also use this section to identify store locations if you run more than one store. With this, a glance at an SKU number identifies the top-level merchandising group and location of any product in your store. This can be a department, store category, or even a supplier. The first two or three digits/characters of each SKU should represent a top-level identifier. Step 1: Start SKU Numbers With a Top-level Identifier All products should have a UPC present on their label. If you are manufacturing your own goods, you will need to obtain UPCs for your products.

#HOW TO MAKE INVENTORY FOR SMALL BUSINESS CODE#

If you are buying manufactured goods, each good will come with its own unique universal product code (UPC).

#HOW TO MAKE INVENTORY FOR SMALL BUSINESS FREE#

Square offers a free retail POS with features for bulk uploading inventory lists, spotting sales trends, and-last but not least-managing SKUs. If you need help managing SKU numbers, a POS system can make it easier to track SKUs and automate the inventory tracking process, saving businesses time and money. With this custom identification system, it was easy to keep track of our products and label our goods. The remaining digits corresponded to store location, size, and other relevant product information. For example, at my store, we used an SKU system in which the first two letters of each SKU code corresponded to the type of product it was attached to, e.g., all of our shirts had SKUs starting with an SH, all of our pants had PA, jewelry JE, and so forth. SKU numbers print on your product label along with the product’s universal product code (UPC) and other product information.ĭepending on the type of inventory, retailers can include identifying information for everything from department to style, gender, size, and color. You can create SKU numbers manually or using inventory management or point-of-sale (POS) software. A stock keeping unit (SKU) is an alphanumeric code that identifies a product and helps you track inventory for your retail business.

How to make inventory for small business