Free Download Sample Retail Inventory Templates
Retail stores are stores that sell products or services to individual consumers retail for their own use. Retail sales transactions can occur directly, direct mail, or online. The terms of a retail transaction are that the end user is a buyer. The retail business is a private sector employer business in the United States and possibly other countries throughout the world.
Retailers can be categorized into four; hardlines, soft goods or consumables, food, and art. Hardlines, for example, are items that tend to last a long time like furniture, cars, and equipment. Then, soft goods or consumables refers to items such as shoes, clothing, and toiletries. Food, of course, consists of things that can be eaten like meat, vegetables, and other foods. Finally, there is an art category consisting of books, paintings and musical instruments.
You can also find several types of retail stores such as department stores, big box stores, discount stores, warehouse stores, mom-and-pop stores, and e-tailers. This categorization is based on the products they also sell and where they sell them.
Department stores are the largest retailers where consumers shop for various products under one roof.
Meanwhile, big box store are large retailers that specialize in selling one type of product. For example, you can find a big box store which only sells electronic.
Next, there is a discount store which is a convenience store with discount items at lower prices.
Then, there are warehouse stores where you have to become a member in order to access the low prices offered by these stores.
Mom-and-pop stores are smaller stores and are often run by small business owners. You can find these shops around your home.
Finally, there are e-tailers, online retailers who sell their goods via the internet and deliver the products you ordered to your home. Usually, these internet shops do not have physical stores.
Because retail products are important assets, they must always be tracked. These products are the retail store inventory. Inventory list is needed so that inventory is maintained so that retail stores get the maximum profit. The retail inventory list also protects products from unpleasant events such as misplaced, damaged, stolen or shoplifted. It is important for retail stores to routinely track their physical inventory so that inventory estimates are accurate.
In general, retail inventory management will contain the following information:
- The quantity of each item that is in stock. If it runs out, the stock is written “0”.
- What items must be re-ordered and when to re-order these items.
- Evaluate whether the retail store is ordering too much or too few items.
- Knowing the best-selling and least-selling items in stores.
- Must the store stop selling items that are not fully sold.
- Whether the inventory storage is adequate or not.
To help you with retail inventory tracking, you can use our sample retail inventory provided in this site. These templates are license-free so you are free to modify, save, and print the inventory lists afterwards.
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