Meaning of the word "stock-keeping unit" in English

What does "stock-keeping unit" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

stock-keeping unit

US /ˈstɑːkˌkiːpɪŋ ˌjuːnɪt/
UK /ˈstɒk.kiː.pɪŋ ˈjuː.nɪt/
"stock-keeping unit" picture

Noun

a distinct type of item for sale, used as a unit for the purposes of stock control

Example:
Each product in our warehouse has a unique stock-keeping unit.
The new inventory system tracks items by their stock-keeping unit.