Inventory is where you manage your individual articles, access their usage data and package them under SKUs
In all circular business models (e.g. rentals, subscriptions and resales) every single item is unique after its first use. Each item has its own history, future, condition and value.
This is often called "individualized inventory" or "single-SKU inventory" and differs from traditional inventory management systems, which assume all similar items are identical and store only the number of the items available.
Besides offering superior level of control over each inventory article, our individualized inventory also provides usage data on single item level. This information is extremely important when you are determining for example how much revenue has one item generated, how long one item lasts, and what is good point to sell it to make room for new items.
We have divided our inventory into articles and SKUs.
Articles are individual items (e.g. specific surf board). In total, your articles represent every item you have available for your customers.
SKUs (Stock Keeping Units) is industry standard way to group similar items under one identifier (e.g. same brand and model surf boards or pro level surf boards). SKUs are used when you link your inventory to your catalog, which is how you make your inventory available for your customer.