Due to insufficient inventory management procedures, invisible inventory refers to unaccounted inventory, materials, or commodities in the supply chain. This can be caused by a variety of things, including improper receiving schedules, misdirected returned goods, misplaced scanning equipment, and more.
Companies can become 20% more efficient by implementing inventory tracking solutions, which also provide access to real-time stock levels and historical sales information. The future of inventory technologies is cloud-based POS systems and e-commerce management solution software. The tracking of each individual component, each subassembly, and the final product will be simplified by these technologies. These innovations integrate every business aspect for greater efficiency and offers a range of beneficial capabilities.
For more on these technologies, check out the resource below!