An introduction on how to manage your inventory in Twice
This article is a collection of helpful content to get you started managing your inventory in Rentle.
What is the inventory
In all simplicity, inventory refers to all the physical assets that a company owns and uses as a trading instrument, for example, by selling or renting them out.
Every item in the warehouse or retail store's backroom is part of the inventory. These items are called articles. All the individual articles are grouped using Stock Keeping Units (SKUs) to simplify the order fulfillment and tracking processes, and SKUs can be tracked individually or in bulk.
What are articles
Articles are the actual physical items you can touch. Each article can have a unique ID or article number, and you can store metadata for each article, such as manufacturer, model, year, etc.
What are Stock Keeping Units
To keep order fulfillment and tracking simpler, merchants need a way to group their inventory articles, and this is when Stock Keeping Units (SKUs) come in.
SKUs are a commonly used categorization method in the field of inventory management that groups similar inventory articles together.
The difference between inventory and product catalog
The articles and Stock Keeping Units represent the physical assets your business has in the inventory, and they are not necessarily the same thing as your product catalog. Your product catalog is the collection of products, services, and combinations you sell to your customers.
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Head over to our Blog for an introduction to rental inventory management