Inventory Management is the process of keeping track of all incoming and outgoing items in a business. This means you need to be able to track stock levels as well as know where products are located, when they should be shipped or reordered, how long it will take for them to arrive, and more. Inventory Management is essential for businesses that sell physical goods, as it allows them to streamline operations, reduce costs, improve customer service and ensure their products always meet the highest quality standards. With the right strategy, inventory management can help your business increase efficiency and maximize profits.