A growing business is an exciting prospect, as it scales it generates more revenue. As a result, you expand your catalog in a bid to meet demand. New lines and complementary products are an excellent way to increase your average transaction, but it is also an efficient way to gain a larger market share than your competitors.

Growth is good, but with growth can come inventory issues if you aren't tracking your products well internally. The more items you stock, the greater the risk of missed picks or lost inventory. This is why inventory management is vital and where product SKU codes come in handy.