Systems and methods for managing inventory. The methods comprise: generating sensor data by an Electronic Smart Tag ("EST"); processing, by the EST or a computing device remote from the EST, the sensor data to transform the same into information specifying at least one of a first person's intention with regard to an item to which the EST is coupled and the first person's interest in the item; generating a notification or a recommendation relating to inventory management, based on at least one of the first person's intention with regard to the item and the first person's interest in the item; and providing the notification or recommendation to a second person.