Inventory Management Platforms (IMPs) are online applications that enable businesses to manage their stock levels, reducing their inventory costs and increasing efficiency. By monitoring and tracking the amount of goods a company has in stock, IMPs help identify trends, highlight potential problems, and forecast when it may be necessary to restock. Not only do they make it easy to see what is happening in real time, but the use of automation means that daily tasks such as ordering and replenishing can be done quickly and accurately. This helps reduce errors, save time and money; ultimately allowing businesses to focus on providing better customer service.