Author : Theresa C. Cox.
Published : Sat: Nov 2 2019 :3 PM.
Format : jpg/jpeg.
As freelancers or small business owners, we have got a seemingly unlimited list of things that need to get done all the time. We have got to be on the lookout for shortcuts or ways that keep our business running lean and free us up to spend time doing what we do best, whatever that may be. Spreadsheets have a place in almost anyones workflow. Maybe you need to create a business budget, but do not know how to structure it. Or, maybe you just need a place to do simple calculations. Either way, a spreadsheet might be the right tool for many jobs.
Numerous useful ways are accessible in these days to track inventory and one of them is using inventory tracking spreadsheets. A detailed inventory tracking spreadsheet loaded with accurate figures tells the inventory manager that how much inventory the business or company has on hand and when to order inventory to maintain inventory level according to the policies of company or business organization.
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.
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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.
The major purpose behind the inventory templates is to allow users to keep proper and accurate track of their product stock and inventory. With the use of the inventory templates the user need not worry about lost or excess stock in their stores and warehouses. Every item will be properly documented in the inventory sheet and will be easily accessible for tally.