The challenges of inventory visibility have escalated significantly with the growing trend of online purchasing by customers. The complexities of tracking items are heightened due to the additional steps and urgent demands associated with this now-preferred process. This phenomenon, often termed as invisible inventory, occurs when materials or products are not accurately reflected in the system.
Invisible inventory refers to unaccounted materials, items, or inventory within the supply chain, stemming from inadequate inventory management processes. Factors such as misdirected returned products, misplaced scanning equipment, insufficient receiving schedules, and various other elements can contribute to this issue.
For strategies on maintaining a proactive approach to effective inventory management, explore the resource provided below.
Invisible Inventory from Celerant, a provider of gun shop pos software