Smart inventory systems leverage technologies like RFID (Radio Frequency Identification), IoT (Internet of Things), and data analytics to provide real-time visibility and control over inventory. These systems automate processes such as inventory tracking, stock replenishment, and order fulfilment. By utilizing RFID tags and IoT sensors, businesses can accurately monitor stock levels, locate items, and prevent stockouts or overstocks. Advanced analytics algorithms enable demand forecasting, optimizing inventory levels, and reducing carrying costs. Smart inventory systems empower businesses to make data-driven decisions, improve accuracy, and optimize storage space utilization, ultimately leading to improved customer satisfaction and cost savings.