One of the important things that you should do when you start running a business is to make an inventory list. It is essential to record all the assets you have in your business.
The Inventory list is essential data for your business. It may be considered trivial but this list is useful if your business has started to grow. Even though it seems trivial, this list plays a crucial role in preventing a business from experiencing losses. The manufacturing process, which sometimes requires quite a bit of accuracy, is one of the reasons why an inventory list is not a simple thing.
Inventory List
Inventory List Example
There are many examples of inventory lists that can be your reference in making an inventory list for your business. Creating inventory lists is not only useful in terms of business but can also be used for other purposes such as schools and offices. Before you use one of the several sample inventory lists as a reference, you need to understand how to create list of inventory first.
Creating an inventory list is not that difficult. You only need a few things to make a list that is easy for everyone to understand. To make it easier to create list of inventory you should make it in table form. If you want to use a book, then using a large book can make it easier for you to make enough tables.
To make it even easier for you, you can use the Microsoft Excel program, Google Sheet, LibreOffice Calc, or the like. In this case, it will be easier for you to enter and delete data using a computer program than using a notebook.
Every business must have and need different information in its list of inventory. This information includes the item name, item quantity, item category, item price, status, and much more. To determine what information should be presented, adjust it to the business you are in. Besides, you can also use this information to create data on inventory items that are still fit for use or not, items that need to be replaced, or items that require re-procurement.
You can take the example of a grocery store’s list of inventory. Information that should be available on the list of inventory includes product code, product name, product type, date of product received, product price, minimum quantity for reorders, length of time for reordering, amount of reordering, total cost, and also status.
In addition to collecting this information, you should group data according to several categories so that you will easily find and analyze it. This inventory list can also be useful for calculating the assets you have as the data needed to take care of insurance for your business.
Inventory List Template
Creating an inventory list is not easy to do. You have to collect a lot of data and information that you need. You also have to prepare a data template so that you can effortlessly enter the data that you have prepared.
Making an list of inventory in tabular form in a written book is quite hard, especially when you are updating your data. To simplify the process, you can use some common and widely used programs such as Microsoft Excel, Google Sheet, or LibreOffice Calc.
These programs have several templates that you can use according to your needs in creating an inventory list. There are several kinds of templates that are standard and common patterns of list of inventory.
There are also several templates that you can customize with the information you have. Now there are various kinds of applications that directly store, calculate, and present data from your business inventory reports. By using a template from that program, your job in creating inventory data will be simple. The easier it is for you to update and monitor the list.
Every business needs a different inventory list template. The information you will include on the list will also vary. An inventory list from a school will be different from list of inventory from an office. The inventory list template of a school will include information about the facilities and pre-learning facilities in schools. Whereas an office list of inventory template will contain information about various categories such as consumables, supporting inventory, IT inventory, physical inventory in offices, and so on. A factory inventory listing template is also bound to be more complicated and has lots of categories to a group. You can keep track of various components and products with this inventory template.
You can use this list of inventory to record items in stock by name, description, and unit price. This inventory template in Excel format also monitors stock reorder levels, reorder times, quantity that needs to be reordered, and whether items need to be stopped so you can keep track of your orders.
Inventory List Sample
An inventory list is a complete list of items owned by a company. This list is useful for knowing how many items are still in stock, how many have been sold, and how many have recently been received.
Items that are included in the inventory list can be in the form of ready-to-sell goods, raw materials needed to make finished products, and also assets that support the company’s operations. Creating list of inventory will be easy and won’t take much time if you can find a simple way and make the right template for you to apply to the inventory data that you have collected.
Some types of businesses such as retail, food and beverage, online shops, and so on are required to have list of inventory. Even though it seems trivial, this list plays a crucial role in preventing a business from experiencing losses.
When the inventory list has been completed, the company will find it easier to make asset valuations and insurance claims. The manufacturing process, which sometimes requires quite a bit of accuracy, is one of the reasons why list of inventory is not a simple thing.
Therefore you need an inventory data template to help your work in recording inventory items that are in your business. This inventory list template helps keep your business running smoothly.
