Which type of inventory management system you need will depend on your business. What’s a constant across all retailers, is that you do need one. Taking a systematic approach to inventory management is the best way to ensure accuracy. Approach things in an ad hoc manner, and you invite difficulties of many varieties.
Automated inventory systems let you keep up-to-date records of stock or components. Failing to have such records can lead to issues of overstocking or understocking in no time. Not to mention the knock-on effects that either circumstance can have.