Excel Inventory Management Template/Tracking Tool

Businesses, and small businesses especially, often have a messy inventory tracking system or none at all. Sometimes estimations are used that may or may not be accurate. This is an important asset that should be kept track of for a multitude of reasons. As such, the following excel template has been built for your convenience.

Version 1: Inventory Tracking for a Single Location




Pricing
*The excel template will be available for download at purchase + the other 2 templates for inventory.

Version 2: Multiple Locations (Both Versions Included in Single $45 purchase)


What is included:
  • The multiple location template is included in the purchase of this template. See more details about inventory tracking for multiple locations.
  • Tracking by date/month.
  • See monthly cost of inventory items sold based on weighted average cost accounting. *Recently added.
  • See monthly revenue from inventory sold. *Recently added.
  • Monthly gross profit. *Recently added.
  • Pick any date and see inventory value (across entire inventory) by that date.
  • See a summary of each product/sku (net available units, net value) at a given date.
  • User simply enters data on input card and hits macro button to "enter" the inventory transaction.
  • You can track when an inventory item is added/purchased or used/sold.
  • Chart added to see value and units over time as well as net monthly change over time.
  • *Added feature includes the ability to query individual items to get average cost, net count, and total value based on any date range.
  • 15 min. of service help getting your business setup with this excel inventory template.
One of the most obvious, but often over-looked aspects of inventory management is do you know at a given time how much of something you have? If not, you may be over-buying a raw material or product and thereby wasting capital. 

Also, by seeing how your inventory changes over time, it can help you plan for future needs as well as build initiatives based on how much of this asset line you want to have compared to the level of the rest of your businesses assets.

When you have good data in, you can be good at data analysis. This template will put you on the right track for such things. Note that you probably already have a current inventory level and in which case you would need to enter this starting balance. That can be done with the input card or if you go one-by-one I could make another column for each sku/material item where you enter the current levels, which will feed into any new entries.

Checkout the simplified inventory template.

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