Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : THQ,Inc. (THQI) -- Ignore unavailable to you. Want to Upgrade?

To: Stan Schuster who wrote (13381)	2/14/2000 10:34:00 AM
From: Sigmund	Read Replies (1) \| Respond to of 14266

Dennis, when I was in retailing in the early 70's SKU's were just beginning to show up. Most product was kept track of by class and style within department code. Thus you might know you had 20,000 ladies bikini underwear in the $2.50 - $3.00 price range but you didn't know how many of each manufacturer, size, color or even exact price. This information was keyed in at the cash register so they didn't want to have a 15 digit code for the clerk to key in for each item purchased. We also used register tape scanning back at the computer room (not on-line), but the scanner only picked up some 80 - 90 percent of the codes and the software extrapolated to get a full picture and also accounting for our licensees within the store Zales etc. Accounting was interesting in that you got credit for the average gross margin within the subclass when you sold any item in that subclass. There was room for error and manipulation. But with bar code scanners, it no longer is a problem to have a distinct code for each item the SKU. But I suspect that in some cases one SKU may cover a collection of items. For example if M&M's were sold lose, they probably would not keep track of how many green ones were sold or in inventory.