The reasons why businesses use inventory management vary from one business to another based on industry and size. However, across businesses, they are necessary goals behind the adoption of inventory management.  The necessary goal of inventory management is to make it easier for businesses to organize their inventory activities through automated and streamlined avenues. Increasing the visibility of inventory is another goal businesses have behind using inventory management for their stocks. Simply applying smart inventory management techniques to your business gives it the boost it needs to perform efficiently for more productivity and profitability. Small businesses can save costs including holding costs and labor costs from utilizing the right inventory management techniques.