5 Inventory Templates for MS EXCEL

A business can keep track of all its goods to achieve the efficient business capabilities. There are lots of websites providing inventory templates to be used online, however; if you have lots of inventory to be recorded in the template, you can also download it for further use. The inventory templates can be very useful in the situations where you have a lot of inventory in your warehouse and you want to manage it in an organized way. There is a diversified category of inventory templates which has a lot of templates for keeping the record of inventory in different formats.

Inventories are those goods and materials which a company supplies to its customers and earn revenue. The inventories are also useful in managing other business operations. The inventory materials also include those goods and raw materials which are used by the company to support other materials produced by the manufacturer. The raw materials present in inventory are converted into finished products.

Inventory management is one of the most important tasks which are done in the company. The management of the inventory saves a business from a lot of problems such as stolen goods etc. The sheet is the best way to keep the track of the entire inventory available in the company’s warehouse. It is also useful if you want to check the availability of the particular inventory to be ordered. The business remains smooth and it never faces any problem in a case of fluctuation in demands. When the sufficient availability of the inventory is ensured, the company can work more efficiently and can provide better facilities to the customers. Keeping track of the available inventory is only possible when you have inventory template to use.

There is no specific format of the inventory template to follow. Each company has its own format to follow. You can also design template for your own use if you want, however; the template can also be downloaded from the internet and can be customized according to your own needs.

The main components of the inventory template are:

The name of the owner of the company
The name of the department for which the inventory sheet is being prepared
Number of packs
Size of each pack
The units
Description of the items in the inventory
Unit price of each item presents in inventory
Total price

It is important to add the name and the logo of the company at the top of the sheet for identification. The sheet can be prepared in MS excel. You can apply a number of formulas on the basis of calculations you want to perform. Usually, the templates are prepared by experts working in an organization. You can get a spreadsheet from the internet for better inventory management. If there is a lack of any functionality in the spreadsheet, the modification in it can be performed. The inventory sheet can be managed for a number of departments on a daily, weekly and monthly basis.