Inventory users, assistance please?

I currently have all my items listed in my shop as regular listings but since they are constant items (all hand made so they never change except when new items are added) I am thinking it would be useful to be able to keep track of individual listing performance, how many sales on each etc.  I gather I can use the invenory feature to do that?  How does this feature work?  If I copy all my listings to inventory will it duplicate them?  Total inventory newbie here and I really would like to get my head around this before I decide to jump in.  Any help would be appreciated.

Cheers,

Penny
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