Virtual inventory is an electronic representation of the goods and services a business owns or has access to. It digitally tracks what items are available for sale and assigns them to buyers, customers, or suppliers in real-time. Allowing products to be visible and accessible across multiple platforms, virtual inventory eliminates common bottlenecks like incorrect orders, unsatisfied demand, and inventory management problems. By centralizing data and streamlining processes, businesses can improve efficiency and reduce costs. In short, virtual inventory puts the squeeze on wasted time, money, and energy, creating more visibility and less hassle overall.