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Inventory management software is a very simple and easy to use online accounting software which helps you manage business finances in just a click Inventory management software is a computer-based system for tracking inventory levels, orders, sales, and deliveries. It can also be used in the manufacturing industry to create a work order, bill of materials and other production-related documents. Our Clearly Inventory software. It’s easy to use, and we know that it will help you become more productive. The purpose of this section of the Inventory Basics Guide is to walk you through the absolute basic attributes of a pretty good inventory management system and to instruct you in detail about how to implement our recommendations.