The Stock Keeping Unit (SKU) is alphanumeric code for identifying a product and for tracking inventory. You need an appropriate tagging gun to place the SKU and price on an item. This is very important regardless of size of your store. Tagging a SKU and price on items in your store boosts profits with less inventory errors. These offer appropriate data for the shopper to make informed decisions when making purchases. Discover why to ensure that your products are tagged with a SKU number and price.
Enhancing store appearance and shopping experience
Tagging products with SKU numbers and price promotes organization in your store. It makes it easy for staff and shoppers to find products. The SKU number allows categorizing products in various ways. This makes it so easy to track products by department, type, vendor, or collection. Additionally, items with a SKU and price tag are so easy to organize and find on the sales floor or storage area. Items with tags become more inviting while giving shoppers an orderly experience leading to more sales. The tags lessen chances of confusing and frustrating customers and shoppers.
Easier customer checkout and service
A streamlined product tagging system for SKU numbers and price enhances customer service and makes checkout smooth and error-free. It is so easy to track items using the SKU numbers by point-of-sale systems. This ensures that your pricing matched inventory during checkout. During the process, customer purchases match the correct pricing with tags for proof. The SKU number also comes in handy when looking for an item to close a sale.
Faster and accurate order picking
In this era of online retail customers have little patience when their order takes longer to get shipped. This usually results from the warehouse staff not keeping up with the pace of customer expectations. For a clothing store, you should get clothing tag gun for putting SKU number and price tag. This makes it very efficient when looking for an item. These tags make it so easy for staff to find the right product to keep at par with customer demand.
Additionally, SKUs are very useful for products of various sizes or colors. Checking the SKU makes it easier to pick the order to send to a customer. The tag helps in picking the right items for the customer order. The SKUs and price tags make it easy to arrange your items in a way make navigation easier. This might require placing hot selling items within easy reach and those that move slowly at the back. The tags make it easy to identify a particular inventory for tracking.
Streamlined packing and shipping
Picking and packing products with SKU codes and price tags is easier. Quick scanning automatically prints out the packing list and shipping codes. This encourages accurate and smoother shipping process. Packing and shipping become easier since the SKUs allow digitization of inventory management to save time. Scanning item SKUs for shipment allows automatic updating of inventory numbers in an integrated system. You will always have peace of mind that the chances of making mistakes are minimal.
Minimizes losses
Retail businesses usually make significant losses resulting from errors during inventory management. These losses result from various data entry errors. With time, these add up leading to a serious impact on your store bottom line. Putting SKUs and price tags allows tracking inventory to lessen loss of income. The tags make locating stock easier during restocking and proper checking of inventory for shipping to limit supplier mistakes such as shorted shipments. This limits inventory shortages and loss of money.
Accurate inventory management
Managing inventory is a bit tricky. Overstocking a product might cut into your profits for increasing carrying costs. You end up using capital that could have been used for hot selling products. Alternatively, you are likely to lose potential income when a hot selling product goes out of stock. This will significantly lower your bottom line.
Using Excel to manage inventory is a manual process and has room for errors when entering data. Managing inventory efficiently without going out of stock requires great accuracy. Fortunately, tagging SKUs on the products allows knowing what is available and when to order more stock. Real-time inventory tracking offers exceptional accuracy.
Easier cycle counting
It is very important to keep inventory management as accurate during cycle counting. This will make daily activities less disruptive. Warehouse managers should ensure accurate inventory management for all scheduled physical inventory counts. Maintaining this requires using SKUs for cycle counting. These encourage direct performance and accuracy during the counting process in your warehouse. An efficient SKU system allows faster and easier cycle counting.
Wrapping up
SKUs and price tags make the retail process easier. Placing them on your items will make handling various process including cycle counting and checkout easier. This requires investing in a quality tagging gun to handle the placement of tags on your items.