Effectively managing inventory is a challenging aspect of running a successful business. Although variables may share similarities across different organizations, the significance of adequate forecasting can vary significantly depending on the industry or business model. A prevalent and challenging issue cutting across various sectors is the lack of sufficient inventory visibility.
Invisible inventory refers to materials or items within the supply chain that are unaccounted for due to deficiencies in inventory management processes. Contributing factors include misdirected returned products, misplaced scanning equipment, inadequate receiving schedules, and other related elements.
Invisible Inventory from Celerant, a provider of retail pos systems