Can you try the following code -
<script language="javascript" type="text/javascript">
function PopulateInventoryDropDown() {
var InventoryDropDownID = event.srcElement.id.replace("InventoryTypeDDL", "InventoryDDL");
}
</script>
Assuming that you have declared DropDownLists inside template fields as below -
<asp:gridview id="GridView1" runat="server" autogeneratecolumns="False">
<columns>
<asp:templatefield>
<itemtemplate>
<asp:dropdownlist id="InventoryTypeDDL" onchange="PopulateInventoryDropDown();" runat="server">
</asp:dropdownlist>
</itemtemplate>
</asp:templatefield>
<asp:templatefield>
<itemtemplate>
<asp:dropdownlist id="InventoryDDL" runat="server">
</asp:dropdownlist>
</itemtemplate>
</asp:templatefield>
</columns>
</asp:gridview>