Author : Beverly R. Pinto.
Published : Thu: Nov 7 2019 :12 AM.
Format : jpg/jpeg.
The template is for companies who have warehouses and put their raw materials in bins of different sizes in different bin locations. The template has three tabs—Inventory List, Inventory Pick List, and Bin Lookup. The Inventory List tab tracks the quantity of SKUs in different bins and locations and flags SKUs that need to be reordered. The Inventory Pick List tab allows users to easily locate where to pick up an item and the quantity of the item. The Bin Lookup tab acts as a bin database where information such as size, location and bin number are stored.
The Excel inventory templates are perfect for all types of companies, organisations, stores and individuals. It can be used by any shop or store that keeps products in large numbers stocked. These templates can also be used by individuals that are shifting homes or moving countries and need to keep a track of all their furniture and inventory that’s being forwarded to their new residence. IT companies can also use the inventory templates to keep track of their non-physical and data inventory. Thus, the target audience list for the inventory templates is wide and non stationary.
A well-organized inventory is necessary for running business operations smoothly. It leads to a trade-off maintained between carrying costs and ordering costs. As a result, a company’s profitability is enhanced since the overall cost of the inventory is minimized. In addition, proper management also facilitates the maintenance of adequate stock. This is vital for smooth production.
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For many businesses, the idea of managing their inventory can be a difficult process. There are several options available for managing inventory control, and pros and cons to each of them. Three popular methods are an in house inventory process with spreadsheets, outsourcing inventory with a professional company and finally, using a specialized software to manage your business inventory.
Inventory control is about discipline and data. Spreadsheets are one of the most popular ways to manage inventory for early-stage retail businesses. We thought we’ll share a simple inventory management spreadsheet template for you to understand and manage your stock better.