How Does Negative Inventory Affect Your Business?
Lots of organizations, especially online shopping systems, do not have inventory in stock but they don’t update the website as per the inventory availability as a result negative inventory happens. This can hugely impact business, for instance when customers order negative inventory assuming that they will get inventory but most of the time they do not get the required product. As a result, disappointment occurs to customers. What Is a Negative Inventory? Negative inventory is that inventory that is mentioned on the website, but you do not have physically, or you are selling inventory that you do not have stock to provide to the customer at that given time. They are very similar to phantom inventory . Negative inventory is one of the most common problems in the e-commerce industry , manufacturing industry, and all those industries in which inventory is a major part of the business. Negative inventory impacts your business because you are creating bigger issues for you...