Free Download Sample Simple Inventory Templates
How big your business is, whether small or large, you need to have accurate inventory information. Inventory can help you make the right business decisions. Because, excessive inventory (excess stock) can cause profit losses. Products do not sell quickly and you must provide more costs to maintain stock. On the other hand, a lack of stock will also eliminate the potential profit where you cannot meet your customer’s demands. Consumers also do not believe in the company’s ability to provide the goods they need so that it will turn away to buy elsewhere.
If you are not someone who is proficient in design or running a spreadsheet application, creating an inventory list from scratch may be confusing and time-consuming. If so, use the free inventory template we provide is the solution:
- Free Download Sample Simple Inventory Templates
- Free Download Basic Inventory Templates
- Free Download Detailed Inventory Templates
- Free Download Simplistic Inventory Spreadsheet Templates
- Free Download Inventory Control using Forms and Sheets Templates
- And many more!
Handling inventory can be facilitated by using the appropriate template. Here are some advantages of using the sample simple inventory template:
- See what is in stock at the warehouse
- See the number of products in the window so that they know which products must be re-ordered
- Calculating adjusted inventory values in the balance sheet every day
- Monitor orders from each vendor
- Facilitate re-ordering of goods that are out of stock
- Organize products according to criteria with the help of pictures, categories, and prices
- Record and analyze the best-selling goods, total sales, and total taxes to be paid
- Manage other expenses for business purposes, etc.
Meanwhile, here are tips for making your inventory effective:
- Prioritize inventory that is quick to sell, quickly expires, and must be updated immediately.
- Record all information about a product including SKUs, barcode data, suppliers, country of origin, etc.
- Regularly audit your inventory to ensure that inventory reports are consistent with the facts on the ground.
- Analyze the performance of suppliers who stock your goods. Prioritize good relations with suppliers that you find most profitable.
- Prioritize handling stock inventory over other inventory.
- Be consistent in receiving stock. If necessary, create a standard process that all employees follow on this matter.
- Track your sales every day. This report can be used to determine future sales steps.
- Order your own stock that runs out instead of using the reorder service from the vendor. This is because vendors certainly prioritize themselves to move their stock while you have another priority which is stocking the most profitable items for your business.
- Appoint employees who possess inventory and reliable expertise. To be safe, do not allow other unauthorized employees to enter the inventory room.
- Use the computer program that you are most good at. You might want to use a barcode scanner to speed up inventory recording but it might cost you extra money to buy, use, and maintain the barcode scanner.
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