Usually means: Unique code identifying each product.
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We found 6 dictionaries that define the word stock-keeping unit:

General (3 matching dictionaries)
  1. stock-keeping unit: Dictionary.com
  2. Stock-keeping unit: Wikipedia, the Free Encyclopedia
  3. stock-keeping unit: Wiktionary

Computing (2 matching dictionaries)
  1. stock-keeping unit: Free On-line Dictionary of Computing
  2. stock-keeping unit: Encyclopedia

Medicine (1 matching dictionary)
  1. online medical dictionary (No longer online)

Definitions from Wiktionary (stock-keeping unit)

noun:  (business) A unique code for a distinct saleable item (product or service) for record keeping and sales tracking purposes.

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