Cost per Item: Enter the cost per item for each inventory item.Stock Quantity: Enter the in-stock number for each item.Vendor: Enter vendor contact details, item number, and unit information for each item.Date of Last Order: Enter the specific date of each item’s most recent order.Description: Enter a brief description of the item.Item Name: Enter a name for each inventory item.Item Number: Enter a unique number for each item in your inventory.Reorder: Enter reorder details, including an item’s auto-fill threshold and whether the item is currently on order.A Google Sheets inventory template can help alert you when inventory items need to be reordered and keep your inventory proactively stocked.Ī Google Sheets inventory template typically includes the following details for managing and tracking your inventory: Whatever your role in inventory management, you know how critical it is to have accurate data and keep sufficient stock on hand. It also helps you track costs per item, stock quantities, and reorder levels, and calculates total inventory value. Managing Work Collections of actionable tips, guides, and templates to help improve the way you work.Ī Google Sheets inventory template helps you track and manage inventory items by name, number, reorder status, and vendor information.Solution Center Move faster with templates, integrations, and more.Events Explore upcoming events and webinars.Content Center Get actionable news, articles, reports, and release notes.Partners Find a partner or join our award-winning program.Professional Services Get expert help to deliver end-to-end business solutions.Technical Support Get expert coaching, deep technical support and guidance.Help Center Get answers to common questions or open up a support case.Smartsheet University Access eLearning, Instructor-led training, and certification.Community Find answers, learn best practices, or ask a question.Learning Center Find tutorials, help articles & webinars.A quarterly roundup of the innovations that’ll make your work life easier. What’s up next A sneak peek at upcoming enhancements.Digital asset management Manage and distribute assets, and see how they perform.Resource management Find the best project team and forecast resourcing needs.Intelligent workflows Automate business processes across systems.Governance & administration Configure and manage global controls and settings.Streamlined business apps Build easy-to-navigate business apps in minutes.Integrations Work smarter and more efficiently by sharing information across platforms.Secure request management Streamline requests, process ticketing, and more.Portfolio management at scale Deliver project consistency and visibility at scale.Content management Organize, manage, and review content production.Workflow automation Quickly automate repetitive tasks and processes.Team collaboration Connect everyone on one collaborative platform.Smartsheet platform Learn how the Smartsheet platform for dynamic work offers a robust set of capabilities to empower everyone to manage projects, automate workflows, and rapidly build solutions at scale.This flexibility means you can tailor the templates to your specific needs and requirements, making Excel a handy tool for business inventory management. With Excel, you can create custom formulas and algorithms to track inventory levels, calculate stock quantities, and manage stock orders. Inventory software is often designed to be a one-size-fits-all solution. Excel templates, on the other hand, are already pre-built, so you can hit the ground running by simply adding in your own data. It may take time and effort to familiarize yourself with all of the features and capabilities, which can be especially challenging for small businesses that do not have the training resources available. Another disadvantage of using inventory software is that it often comes with a steep learning curve. Specialized inventory software can be expensive, especially for businesses that need to manage large amounts of stock and materials, and the cost can increase even further depending on the inventory quantity being managed. You do not need to invest in expensive inventory management software. Most businesses already use Excel, and it comes at a minimal cost. One benefit of using Excel inventory management templates is that they are cost-effective.
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