Inventory management software is a software system for tracking inventory levels, orders, sales and deliveries. Inventory software helps you to Achieve efficiency and productivity in operations. It can also be used in the manufacturing industry to create a work order, bill of materials and other production-related documents. The Process minimizes inventory costs and maximizes sales and profits. Companies use inventory management software to avoid product overstock and outages. It is a tool for organizing inventory data that before was generally stored in hard-copy form or in spreadsheets.