Establishing and managing your business’ inventory is a one of the most important aspect to deal in a business setting. Bear in mind that your inventory ensures that their is a smooth flow of materials or products. Ultimately, they make it possible for you to reap profitable results.
However, there is no overarching and perfect rules as to the format of an inventory template. The format varies according to the type of business structure that uses it and the type of materials you are managing. To make it easy for you, we have here a collection of the best inventory templates for better inventory management.
Equipment Inventory Templates
Office Equipment Inventory
Sports Equipment Inventory
Access Inventory Templates
Simple Access Inventory
What Are the Must See Components of an Inventory?
Before one can create a comprehensive and streamlined inventory management structure, you need to know what comprises an inventory. Here are some of the must see elements of an inventory.
- Inventory Label – It is highly recommended that you label your inventory accordingly. If you missed labeling them, you would bombarded with a lot of questions and queries as to what and how the products or materials are documented. If you’re dealing with warehouse materials, then you may label it as a warehouse inventory templates.
- Dates – Dates are very important for tracking purposes. You should take note when the materials arrived and other pertinent dates.
- Description of the Materials – Depending on the nature of the materials stored, providing a brief description about the material is a good practice. This can be helpful for training purposes especially when you’re hiring a new inventory manager or for reporting purposes.
- Condition of the Materials – You also need to take note of the condition of the materials as per their physical condition. If there are materials that are defective, you can organize and sort them out for repair.
- Quantity and Price of the Materials – For tracking purposes, it would also be helpful if you’ll come up with a material identifier system.
Inventory Control Templates
Perpetual Control Inventory
Landlord Inventory Templates
Asset Inventory Templates
Kinds of Inventory Templates
This post provided you with a list of inventory templates that are printable and downloadable.
- Equipment Inventory Templates – Every office or work setting requires a number of equipment to support its daily operations. However, the inflow and use of such must be manage so that resources will not be wasted. These templates can help you make an equipment inventory in the easiest way possible. There are sample health, sports, and lab inventory matrix.
- Inventory Control Templates – These templates will not just teach you how to make inventories but also how to control and manage them accordingly. The key components of these templates are the type of stock, the location of the stocks, the quantity of stocks needed, and the time when to replenish the stocks. Furthermore, you’re provided with a stock control sheet which is a contributes to the establishment of a sound inventory system.
- Landlord Inventory Management Templates – For landlords, creating an inventory for his or her real properties is very important. It is one way of tracking the condition and use of the property and to ensure that the lessees observed due diligence in the use of such.
- Inventory Checklist Templates – To help you remember the materials that you will be needing for your business or lease agreement, these checklist templates can be of help to you. They are easy to comprehend and use. The example provided is a landlord inventory checklist.
- Asset Inventory Templates – Inventory templates can also help you manage your assets. For your benefit, we’ve added key guidelines as to the types of assets and their corresponding examples.
- Personal Inventory Templates – At a personal level, an inventory can serve as your checklist and to-do list. The inventory template allows you to fill in your needed materials for the day may it be for school or work reasons. You can also list down the things that you need to prepare for an upcoming event or celebration.
Home Inventory Templates
Home Food Inventory
Skills Inventory Templates
Application Inventory Templates
Book Inventory Templates
Comic Book Inventory
Free Book Inventory
Is Your Inventory an Asset?
Yes, an inventory is considered as an asset of your business. Your inventory is part of your balance sheet. The goods that you’re using and about to sell are part of your business’s assets. However, in terms of management, there are certain differences.
Why Is an Inventory Relevant?
Updating and keeping a sound inventory is significant. Inventories are your ticket in achieving profitable results. Your inventory fuels your business to increase its revenue and profit structure. In a liquor production business, for instance, you will have to use a liquor inventory template for you to ensure that you don’t run out of stock especially during peak seasons.
Additionally, they will enable you to avoid stock wastage and overstock. Specifically for items who easily deteriorate, inventories can help you keep track of them. You’ll have a sound idea as to the number of supplies that you’ll be needing to prevent wastage. In cases of business transitions or expansions, inventories will help you know the amount of materials you’ll be needing to suffice the changes in your business.
Thus, there’s no question as to the significance of an inventory. It helps you build a sound inventory control and management system.
Sample Township Business Inventory
Chemical Inventory Templates
Data Inventory Templates
Goods Inventory Template
Property Inventory Templates
Inventory Management Principles and Concepts
To make your inventory template more effective, you should establish a consistent and flexible inventory control and management. The following are some key points that you may consider.
- Analyzing the dynamics of the market demand. In the field of economics, the demand and supply chain is very basic yet a critical. You have to examine and analyze the mood of the market to know if there’s a need for you to tighten your inventory or the other way around.
- Do some cycle counts. According to research, a cycle count refers to an inventory auditing procedure that can help you manage inventories. This may sound complicated but is literally easy and can help you save time and effort. All you have to do here is to physically count a portion of the inventory items on specific days in a specified year rather than counting all items in the inventory at once in a single instance.
- Consider the nature of the products or materials. A food inventory template would greatly differ from clothing inventory template because food is consumable item. Different products mean different treatment and management approaches.