SKU Management refers to the process of tracking and organizing Stock Keeping Units (SKUs), which are unique identifiers for products in inventory. This system helps businesses monitor stock levels, sales trends, and product performance, ensuring that they can meet customer demand without overstocking or understocking items. Effective SKU Management involves categorizing products, analyzing sales data, and optimizing inventory levels. By maintaining accurate SKU records, companies can streamline their operations, reduce costs, and improve customer satisfaction. This practice is essential for retailers, wholesalers, and manufacturers to maintain a competitive edge in the market.