The inventory management process allows you to manage inventory efficiently. Supply chain management to warehouse management is also part of the inventory management process. It is one of the most important practices for effective inventory management. When you perform an inventory audit regularly you will get the actual number of inventory availability. Various benefits of inventory management software that helps businesses. However, all the above-mentioned inventory management practices are essential for business especially if your business is growing. Since inventory management software comes with cloud computing technologies it provides several other benefits as well. Various inventory management techniques are also available for improving the inventory management process.