Inventory Management Template in Excel
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Inventory Management Template in Excel

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$35.00

If you are a small business and currently track your inventory by pen and paper, this is the model for you. This template provides an inventory log for your business while tracking and organizing inventory on a monthly basis as well as year to date. This will create a way to analyze your revenue, cost of goods sold, and gross margin without having to pay for a software program. The model includes an Inventory Management section, a Top Sellers section, and an Inventory Register to log all your transactions.

• In the Inventory Register section, each transaction is entered with the SKU, product category, month, transaction date, and units sold. The SKU/Product Name and Category can be selected from a drop-down menu; these inputs can be edited in the Drop Down Menu tab. The information can be filtered using the drop-down arrows next to each title.

• From there, the information is transferred to the Inventory Management where the model will total the units sold in any given month as well as year to date. Product price and cost can be entered in their respective columns to calculate monthly and year to date revenue, cost, and gross margin in dollars and percentage. Click on A2 on the worksheet and using the drop-down arrow, select which month you would like to analyze. This section can also be used to track the stock of inventory and will prompt when a product is currently out of stock.

• For a deeper analysis, a table of the top 10 products is available in the Top Sellers section. This will automatically rank the top 10 sellers for the business based on total revenue per month, year to date revenue and units sold year to date. The charts provide a visual of the distribution of the Top 10 Accounts individually and how their revenue compares to the overall total revenue. The monthly ranking is tied to the selected month on the Inventory Management section.

All cells in black font are input cells where custom information can be entered. All cells in blue font are formulas set to streamline the model.

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