Different types of inventory gaps in system

Question

Accepted Answer

Inventory gaps in a system refer to discrepancies or shortages in the quantity or availability of items.

Stockouts: When an item is out of stock and unavailable for purchase or use.
Overstocking: When there is an excess of inventory beyond what is needed or can be sold.
Obsolete inventory: Items that are no longer in demand or have become outdated.
Shrinkage: Loss of inventory due to theft, damage, or other reasons.
Lead time gaps: Delays in receiving new inventory or replenishing stock.
Data inaccuracies: Discrepancies between actual inventory levels and recorded data.

Accepted Answer

Consumption gap
Physical vs system gap due to pilferage issues, short or due to excess receipt etc

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