virtual inventory

Definitions

A digital representation of stock levels that tracks products across multiple locations or channels without requiring physical possession of the items.

Inventory data that reflects goods available for sale from third-party suppliers or drop-shippers, allowing a business to sell items it does not physically hold in its own warehouse.

Examples

The retailer uses virtual inventory to display products that are currently held by third-party suppliers.

By implementing a virtual inventory system, the company can offer a wider selection of goods without increasing physical warehouse space.

Our e-commerce platform syncs with the manufacturer's database to provide real-time updates on our virtual inventory.

Synonyms

digital stock phantom inventory logical inventory theoretical stock virtual stock system inventory non-physical stock

Antonyms

physical inventory actual stock tangible inventory on-hand stock real-world inventory counted stock material inventory