An inventory report is a document that details the existing stocks. The stocks may include raw materials, finished products, and other company assets. This document plays a vital role as it provides valuable information to the managers, helping them make strategic decisions. For instance, the inventory team conducts an inventory every end of the month to determine the remaining stocks. They will forward an inventory report to the management for the following month's financial or operational planning for the next month. Other than strategic planning, the inventory report is also a crucial document during an audit. The auditors cross-check if the actual inventory report matches the financial records or statements.
Most business organizations practice inventory management due to many advantages. A few of these advantages include productivity increase, accurate planning, storage optimization, and spoilage reduction or prevention. That is why warehouse, inventory, and production managers should have an inventory report template because it is considered a primary tool in their line of work. If you are one of them and plan on making one, you came to the right website.
In Template.net, you can download professionally-made inventory report templates. There are basic inventory and specific inventory templates that you can choose and customize. Template.net has a built-in editor tool that allows you to change the design and content of the template. In this way, you can adjust the template to suit your needs. All you need to do is click the template that you want to customize. The website automatically transfers you to the editor tool. Start customizing the template, and hit download to save it in Microsoft Word format.