Usually, small and medium-sized businesses use manual stocking tools to manage their inventory. Proper Dispatching and reporting of products.Inventory management is the process of monitoring and maintaining purchase, sales, and stock of goods to ensure the availability of supply at the time of disbursement as well as saving dead stock.
Thus, it helps you to know about the best performing products. With these inventory management templates, you can quickly analyze the purchases/sales patterns for a particular period.
You can set a re-order quantity and the template will highlight the products to re-order. It also contains information such as the amount in stock, unit price, and stock value, etc.įurthermore, it also provides the cost of inventory for preparing the Profit and Loss Accounts at the time of the finalization of accounts.Īdditionally, you can also know the exact inventory levels of each product.
These templates keep track of products purchased and sold by a business.
