8 Inventory Management Techniques Inventory management is a highly customizable part of doing business. The optical system is different for each company. However, every business should strive to remove human error from inventory management as much as possible. This means taking of advantage inventory management software. If you run your business with Shopify, inventory management is already built in.Regardless of the system you use, the following eight techniques to will help you improve your inventory management and cash flow. Set Par Levels Inventory par levels are the minimum quantity of a given item that must always be in stock. When an item hits below par levels, an order should be placed to meet the par level. Par levels are created in order to ensure that the product is always stocked at the optimal, not too little so you’ll run out and be able to deliver the dishes you advertise and not too much that you’ll have excessive stock which will lead to waste. Usually, par l...