Editing Inventory (section)

====Virtual inventory====
A "virtual inventory" (also known as a "bank inventory") enables a group of users to share common parts, especially where their availability at short notice may be critical but they are unlikely to required by more than a few bank members at any one time.<ref>''Inventory and Logistics Operations'', CIPS Study Materials, Profex Publishing, 2012, page 54</ref> Virtual inventory also allows distributors and [[Fulfillment house|fulfilment house]]s to ship goods to retailers direct from stock, regardless of whether the stock is held in a retail store, stock room or warehouse.<ref>PLS Logistics, [http://info.plslogistics.com/blog/more-inventory-less-warehouse-space-how-virtual-inventory-works More Inventory, Less Warehouse Space: How Virtual Inventory Works] {{webarchive|url=https://web.archive.org/web/20180208123430/http://info.plslogistics.com/blog/more-inventory-less-warehouse-space-how-virtual-inventory-works |date=2018-02-08 }}, published 22 March 2016, accessed 7 February 2018</ref> Virtual inventories allow participants to access a wider mix of products and to reduce the risks involved in carrying inventory for which expected demand does not materialise.<ref>Symes, S., [https://smallbusiness.chron.com/purpose-creating-virtual-inventory-24491.html The Purpose of Creating a Virtual Inventory], ''Chron'' ([[Houston Chronicle]]), accessed on 14 July 2024</ref>