A company's inventory is one of its most valuable assets. In retail, manufacturing, food service, and other inventory-intensive sectors, a company's inputs and finished products are the core of its business. A shortage of inventory when and where it's needed can be extremely detrimental
The template will help to manage the inventory including aspects such as controlling and overseeing purchases in accordance with stock level, maintaining the storage of stock, controlling the amount of product for sale, and other fulfillment
For all these reasons, the template is important for all businesses of any size
The user can modify the model according to the industry or company internal environment.
Inputs in green cells
Update the general info in the Front Page
Enter the data in the “Inventory Listâ€? sheet, under column B,C,D,E,F,H,J
In the “Inventory Listâ€? sheet you can select the discontinued item from the drop down list under column K
Outcome
Inventory value
Reordering quantities
Inventory control
Conclusion and customization
This is a highly versatile, very sophisticated financial model template, and is also user-friendly.
