Here are some tips to make sure your business is abreast of new trends in inventory management:
1) Using barcodes is a pretty popular method of inventory management, and is especially useful when dealing with reverse logistics (like returns).
2) The SBA has a nifty pdf that gives many tips for inventory management ranging from the purchasing plan to developing a strategy for controlling inventory.
3) There are many POS (point of sale) options which include inventory management systems. Using a POS can streamline the process and make your life easier by having everything in one place. Check out some options here.
Image thanks to Matthew C Wright