A supply inventory spreadsheet is a very effective tool when it comes to tracking and managing your inventory. This spreadsheet will help you make good use of the inventory numbers you get from your suppliers and vendors, all in one easy to read place.
The spreadsheet is extremely simple to use and only requires that you enter the necessary data in the correct way. It is extremely easy to create a supply inventory spreadsheet from scratch so it doesn’t need to be bought from anywhere. You can also download a free supply inventory spreadsheet if you want to try it out first.
The supplier or vendor supplying you with your inventory is a very important part of a supply inventory spreadsheet. Without them you would not be able to keep track of what they give you and how much of that you are allowed to sell. They will most likely have their own sheet that will help you keep track of their inventory too. For example, if you’re in the cigarette industry this spreadsheet might have info about your own stock.
Always enter all the numbers accurately so you don’t overspend on your business’s sales budget. However, do remember that the accuracy of your supplier’s supplier name and address shouldn’t matter so much to you. Most will probably be more concerned about their own stock.
Enter all new hires, subcontractors, suppliers, and vendors on the same sheet so you can keep track of them all together. Do make sure you enter these figures at least in the same order as your existing figures so you are accurate about what the inventory level really is.
Whenever you add an item to your inventory it needs to be checked for fit and finish so you don’t get any items that are simply put together or not suited to the product you are selling. If you know that the item has been used before it may cost you money later on and you don’twant to find yourself in this situation. In some cases there will be various layers to the equipment used for assembly like seals and springs that make sure the items are built to perfection.
Always make sure that all your machines and tools are checked for wear and tear and any parts are still fully functional so you don’t get your inventory up in arms. To help you achieve this goal you can have your inventory fully checked by a professional company who will be able to give you a full report on the state of the inventory.
Take the time to keep an inventory spreadsheet up to date so you always know exactly what you have on hand and which tools and equipment are available for use. The supply inventory spreadsheet will also help you make a good impression when doing a sales pitch.