Retail Trends Originally published Sep 26, 2018 6:00:00 AM, updated September 05 2019 Don’t forget to share this post! The business world is chock-full of unnecessary and silly acronyms that describe meaningless ideas, like TED (tell, explain, and describe to me). But for retailers, SKU is actually an incredibly useful acronym — it represents one of the most important concepts that allow stores to operate as smoothly and efficiently as possible. Topics: What is a Product SKU?A SKU (which stands for stock keeping unit) is a distinct string of letters and numbers that helps retailers identify every product in their inventory and each product’s specific traits, like its manufacturer, brand, price, style, color, and size. Retailers create their own internal SKU codes to quickly and accurately pinpoint and track every single piece of inventory in their retail stores, e-commerce stores, catalogs, warehouses, and product fulfillment centers.Besides helping retailers account for all their inventory, SKUs can also help salespeople run stores more efficiently, and help retailers manage their inventory better.For instance, salespeople can use portable scanners to scan a floor sample’s SKU to see how much of that specific product is left in stock instead of going to the back and manually checking how much inventory is available.SKUs also help retailers track how fast certain products sell out, which shows them what their most and least popular products are. And when retailers can predict how fast their most popular products will sell out, they’ll always be able to buy more inventory when stock gets low, ensuring they’ll never run out of their most popular products.Additionally, SKUs can help retailers determine their business’ anticipated demand and sales forecasts, allowing them to contact their vendors and verify that they can fulfill their minimum orders.What’s the difference between a SKU and a UPC?While SKUs are a set of unique codes that companies create for their own internal inventory tracking, UPCs are universal and help businesses track basic product information. Each product, regardless of the retailer, has its own UPC code. In other words, SKUs are unique to each individual store, while UPCs are the same for all retailers. Picture Credit: FitSmallBusinessA UPC Explained in More DetailA UPC, or universal product code, consists of a 12-digit numeric code and a barcode that you scan when you go through a store’s self check-out. The American branch of GS1, an organization that develops and maintains global business communication standards, assigns a permanent UPC to a product for its entire shelf life. So even if multiple retailers sell the product, it’ll still have the same UPC at each store. For example, every box of a certain brand’s blackberries will have the same UPC at every store they’re sold at.
Alleging “ill treatment” by Sports Authority of India (SAI), five-time Paralympian shooter and coach Naresh Kumar Sharma on Tuesday threatened to return his Arjuna Award in protest.In a letter to Sports Minister Kiren Rijiju, Sharma said that allegations of sexual harassment were levelled against him by a trainee after he “told her that as per SAI rules, no personal coach was allowed at the range”.”With a heavy heart, I have decided to return the prestigious Arjuna Award and a cheque of Rs 50,000/- to your kind self, as grave injustice has been done to me in the last three months by the Sports Authority of India officials,” he wrote in the letter.Sharma is a para shooter with 90 per cent disability and got the Arjuna Award in 1997 for his achievements and years of dedication in rifle shooting.”I have proudly donned India colours in five Paralympic Games and four Para Asian Games, World Cups and other international competitions, bringing laurels to the country.”But in the last three months, I have been treated like a criminal by the same organisation, which hired me as a coach at the Dr. Karni Singh Shooting Ranges.”Allegations of sexual harassment were levelled against me by a trainee when I told her that as per SAI Rules, no personal coach was allowed at the Range.”SAI Director General Neelam Kapur “instituted an inquiry” as per the Visakha Guidelines on sexual harassment and he said he is awaiting a report for last three months.advertisement”I am still waiting to hear from SAI. In the meantime, I have lost my livelihood, I am unable to pay the fees of my school-going children, I have lost the opportunity to represent the country in a sixth Paralympic Games in 2020 Tokyo and I have lost faith in the system.”I feel, of what use is this Arjuna Award for me when it cannot even guard my honour against a very flimsy and false complaint filed by someone,” he alleged.Also Read | My timing has improved, I will qualify for the Olympics: Dutee ChandAlso Read | Hima Das, Mohammad Anas clinch gold in Athleticky Mitink Reiter event in Czech Republic
Smith, Bancroft statements not going to impact Warner reintegration plan: CAadvertisement Press Trust of India December 27, 2018UPDATED: December 27, 2018 14:13 IST Melbourne, Dec 27 (PTI) Cricket Australia CEO Kevin Roberts Thursday said they have no plans of dumping David Warner despite unflattering statements by his two teammates involved in the ball-tampering scandal earlier this year. Both Cameron Bancroft and Steve Smith have made it clear in interviews recently that the former vice-captain was the instigator of the ill-fated plan in Cape Town. Some ex-players have interpreted these comments as effectively making Warner the fall guy with Michael Slater saying that it would be difficult for him to return to the team. But Roberts denied then skipper Smith and Bancroft’s statements would affect Warner’s chance of being brought back into the Australian fold. “I don’t know if it does (make it harder for Warner). Our focus is to work with Dave, who I spoke to about three days ago, on his integration plan when he is eligible for selection again,” Roberts told ‘SEN sports radio’. “Our focus is on how we pro-actively look forward and work with the players, rather than be concerned with what has happened in the past.” Roberts said the timing of the interviews wasn’t ideal, given that they have overshadowed the crucial third Test against India with the series tied 1-1, according to the radio station. He also said nothing new came out of the interviews of Smith and Bancroft, given an investigation had previously pointed to Warner as the mastermind and he had admitted responsibility for his part. Smith had said former CA CEO James Sutherland and high performance boss Pat Howard told the team they were being paid to win, not to play.advertisement On this, Roberts said, “Our goal will always to be to win, let’s make no mistake, but our non-negotiable expectation is that we compete with honour.” Smith had sought to distance himself from the plot to rough up the ball by sandpaper in a Test against South Africa in Cape Town while admitting he failed as a captain by turning a blind eye. Bancroft, on his part, said Wednesday that he committed the offence on the insistence of Warner and he did it to “fit in” and feel “valued” in the team”. PTI PDS AHThis is unedited, unformatted feed from the Press Trust of India wire.Get real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted byPTI
On the markets at midafternoon (ET):In Toronto, the S&P/TSX composite index was up 40.31 points to 15,858.31.The Dow Jones industrial average was up 148.82 points to 23,311.86.The Standard & Poor’s 500 index was up 12.36 points to 2,574.46.The Nasdaq composite index was up 33.77 points to 6,638.84.The Canadian dollar was trading at 79.30 cents US, down from Thursday’s average price of 80.14 cents US.