Inventory or stocks are the lifeline and constitute brand image of any company or business. Beginning from the manufacturing stage to the tracking of products and parts during their transportation from vendor to warehouse, between the warehouses and then to retail location or directly to the customer. An Inventory Management Software is a computer based system software to keep track on inventory levels, orders, sales and deliveries. The Manufacturing industry can utilize it to generate work orders and bills of materials. Regular usage of inventory management software can keep check on overstocking of product and outages. Inventory data can be organized in an ‘easy to access and operate way’ and the old method of maintaining data in the form of lengthy spreadsheets can be shunned completely.