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BENEFITS OF DOCUMENT
Highly-sophisticated and user friendly Inventory Management & Tracking Template suitable for any type of business.
-Please fill only the input cells (Blue Font Color)
-Template uses FIFO method for managing inventory
Products & Suppliers Section
These 2 Tabs are used to register and manage products and suppliers. It is mandatory to fill in all the input columns for the template to function properly
Inputs on these 2 tabs will be used on other tabs, preventing repetitive typing of data
-Products: Fill in the ID, product name, opening inventory, date of registration, average unit value and minimum inventory level.
-Suppliers: Enter Suppliers contact info
Inventory Movement Section
-Inventory IN Tab : Fill in the data in the input cells for all inventory purchases
-Inventory OUT Tab : Fill in the data in the input cells for all inventory sales.
-Total Inventory Tab : Fill in the data for the physical inventory. Usually this column is updated and the end of a period (month or Year)
Inventory Control Section
A real-time list with updated inventory information, plus indicators such as current inventory compared to the Minimum Inventory Level, average unit value, total inventory value, number of incoming and outgoing inventory and adjustments for each product registered.
Analysis & Charts Section
-Quantity & Value Analysis
Displays the summary and evolution charts of the quantity and value of products in inventory from month to month and displays amounts for opening, In & Out, current and closing total inventory at the end of periods.
Check the products that represents the largest volume of movements.
The evaluation criteria are current inventory quantity, total inventory value, quantitative balance of purchased and sold items
The ABC Analysis criteria was defined as follows: Accumulated share up to 80% = "A", up to 15% = "B", up to 5% = "C"
Select a specific product to evaluate its evolution in quantities and values ??as well as a graphical summary of the transfers and an inventory summary panel.
Visual representation of inventory key performance indicators
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Source: Best Practices in Inventory Management Excel: Inventory Management Template Excel (XLSX) Spreadsheet, Profit Vision
ABOUT THE AUTHOR: PROFIT VISION
Profit Vision provides Consulting & Outsourced Financial Services as well as Financial Planning & Performance analysis to small and mid-size businesses by implementing efficient and effective tools to assist them with start-up business plans or improve their ongoing operations.
Our range of services include Financial & Operational Analysis, Business Planning, Budgeting & Forecasting, Cash Flow Planning, M&A/LBO Modeling, Business Valuations and more.
We also offer a collection of ready-to-use financial templates covering a variety of industries (Real Estate, Hospitality, Manufacturing, Energy, Food & Beverages, Retail, Healthcare, etc.), as well as tailor-made financial modeling services adjusted to customers' business requirements providing flexible solutions in building a bespoke forecast for their business.
Profit Vision has published 151 additional documents on Flevy.
This business document is categorized under the function(s): Operations
It applies to All Industries
File Size: 932.7 KB
Related Topic(s): Inventory Management
Purchase includes lifetime product updates. After your purchase, you will receive an email to download this document.
Initial upload date (first version): May 2, 2021
Most recent version published: Jan 10, 2022
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