To track all sales orders being made, each causing a reduction to inventory levels. To track all purchase orders being made, each causing an addition to inventory levels. Including details like names, variants, SKUs, cost price, selling price and beginning inventory. Make sure you’re signed into Google, then just go to File > Make a copy to save a version of your own to edit and use: Setting up your inventory tracking spreadsheetĪ basic inventory tracker will cover three pillars: We put together a sample inventory tracking spreadsheet, which you can see here on Google Sheets. So someone would be responsible for periodically (usually at the end of each business day) updating the spreadsheet with the latest inventory goings in and out (i.e. This is a form of periodic inventory system. Learn more about Veeqo’s inventory management software platform Inventory tracking via spreadsheetĪ commonly used inventory tracking option is to record everything via spreadsheet. Putting a system in place to track inventory (whether manual or automated) is therefore imperative for ecommerce brands wanting to scale successfully.
Filing inaccurate financial records and accounts.Purchasing inventory you don’t actually need.Selling inventory you don’t actually have in stock.
But it becomes more and more complex as further sales channels and/or warehouses get added to a retail operation.įailing to track inventory properly can lead to: Tracking inventory was once a relatively simple task.
This can be done in several different ways – from pen and paper, to computerised spreadsheets, and even automated systems. Inventory tracking is the recording of stock levels for each individual SKU across every location items are stored and sold in.
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