Author : Peggy J. Geist.
Published : Sat: Nov 9 2019 :10 AM.
Format : jpg/jpeg.
Many companies possess an inventory which consists of a stock of goods. These goods may be articles for sale. Alternatively, it may be material or equipment required for production. In short, a firm’s inventory may consist of finished products, raw material or partly finished goods which are in the process of being manufactured. In all cases, this storage is of great value. It is an investment made by business owners and shareholders. Therefore, the importance of inventory management and control is immense due to several reasons.
It may include assets of the company, machinery, raw material, finished goods on hand and goods in process etc. efficient inventory tracking means a business a lot because all operations or activities of a business or company totally depends on inventory.
To save you time, we’ve collected the top inventory templates for Microsoft Excel, all of which can be downloaded for free. They’re easy to use, can be customized to fit the needs of your business or home project, and are compatible with Excel 2003, Excel 2007, Excel 2010 and Excel 2013.
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Why the trend? Businesses and organizations are automating data capture by tracking and updating inventory data in real-time through bar code scanning or image capture. What does an Excel spreadsheet have to do with this? Well, it’s actually a great starting point for creating an app that automates the inventory management process for you. My recommendation: Start with a spreadsheet and turn it into an app using an app maker platform like AppSheet’s. Of course, we’re not the only platform out there but we’re the only one that can easily take a spreadsheet and turn it into an app!
Companies can cut costs by using an excel inventory sheet for the purpose of organizing their stock. It helps in recording vital information and organizing important data. This information is generally about sales, orders and the stock.