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The aim of this paper represents the “LABVIEW BASED INVENTORY MANAGEMENT SYSTEM” creates a web-based producing system that permits manufacturing business to schedule its manufacturing operations supported the daily update of sales from its dealers. Once the sales figure of things for the past weeks are entered by the dealers over the net alongside the orders for future delivery, the schedule for future week’s production is immersed. A report of the specified raw materials or components are immersed with the merchandise necessities over the net & asked to quote their rates. Once the rates are quoted, the order is placed with the specified delivery schedules. Once the components are equipped the stocks are updated. Then a production arrangement is immersed considering the bill of materials. Once the assembly arrangement is approved, the stock is updated once the fabric is issued. Once the finished merchandise are on the market the delivery schedules are immersed supported the orders placed by the Dealers. The stocks with the dealers also will be maintained.