#HOME INVENTORY TRACKER HOW TO#
#HOME INVENTORY TRACKER SOFTWARE#

Accurate, real-time stock information helps you get clear visibility of your stock and make the right top-level business decisions. Therefore, it is so important to keep all your inventory organised and tracked. Also, you not only spend money purchasing the materials, parts, and components, but to store and manage all that material. But inventory is an investment that requires substantial financial inflow and makes it impossible to keep costs down.

No business wants to miss a sale because of a lack of inventory. To keep your customers satisfied and ensure fast delivery, you may need to hold on to extra inventory. These two aspects often conflict with each other. Inventory management aims to keep the balance between maintaining the right amount of inventory to satisfy your customer and cost reduction.

#HOME INVENTORY TRACKER SOFTWARE#

It may not only be something your company sells, but also stuff your company uses, such as laptops, software or even work suits. Products, in this case, can be anything – raw materials, work-in-progress, equipment or finished goods. What is an inventory spreadsheet template?Īn inventory template is a spreadsheet with an itemized list of every product your business has in stock, and it is used to record inventory levels and track inventory turnover.

#HOME INVENTORY TRACKER HOW TO#

This will remove the need to Google how to create one your own.īut, so we are on the same page, let’s first define what an inventory template is, what data it should contain, and why Google Sheets can be a perfect tool for the task. Well, we can’t make it fun for you (though there is some hidden beauty in all those tables and numbers), but we can definitely make your life easier by providing some ready-to-use inventory templates. Updating your database every time a new product is added or an order is placed, and recording every transaction and shipment is a tedious task, let’s face it. In other words, inventory management is the science of getting the stock you need to the right place, at the right time, and for the right cost. What is “ inventory management”? Put simply, it means tracking your store’s inventory, listing all of your products and product-related info, and logging whenever anything’s added or taken out.

Do inventory templates for Google Sheets make our lives easier? Inventory management defined

Home inventory tracker