Tip #3—Secure Your Inventory. An inventory doesn’t help much if you keep it in the house and your home burns to the ground. If your video is digital (highly recommended), consider storing the file in a “cloud” account, rather than on your computer, or on a USB stick stored in a safety deposit box. Tip #4—Keep Your Inventory Updated. Home Inventory 3.3.1 – Easily inventory your possessions. May 4, 2015 Home Inventory makes keeping an up-to-date catalog of your possessions simple and fast so you can stay organized and always prepared. Creating an inventory may take a bit of upfront work, but it can pay future benefits in smoothing the claims settlement process with your insurer and increase the potential of receiving the maximum payment possible. Tip #1—Make a Video of Your Possessions. A visual record of your possessions is the best proof of ownership.
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Home Inventory 3.3.1 – Easily inventory your possessions. May 4, 2015 Home Inventory makes keeping an up-to-date catalog of your possessions simple and fast so. Inventory your home or business possessions rapidly with this easy to use app! Capture images using the camera capabilities of any windows device and add item names and descriptions. This is the free release which only has the following limitations:. Maximum of 25 items per database (unlimited number of inventory database files). Supported.
In this article, we’ve researched and collected the top inventory management templates for Excel to help you streamline your inventory tracking process.
Included on this page, you’ll find a stock inventory control template, food inventory template, asset tracking template, and more.
Stock Inventory Control Template
If you’re managing stock for a retail business or materials to be used in manufacturing, you know how critical inventory management can be for optimizing sales and productivity. This stock inventory control template can help you identify when it’s time to reorder stock, reduce excess inventory, access supplier information, and easily locate items in storage. It’s easy to view the entire lifecycle of your stock, including items on backorder.
Cineflare viewfinder 1 0 download free. We've also included pre-built templates from Smartsheet, a work execution platform that empowers you to better manage your inventory operations with real-time collaboration and process automation.
See a head-to-head comparison of Microsoft Excel and Smartsheet
Discover how these two tools compare across five factors, including: work management, collaboration, visibility, accessibility, and integrations. Plus, see a quick demo of Smartsheet.
Basic Inventory Control Template
Home Inventory 3 3 1 – Easily Inventory Your Possessions One
Simple and easy to use, this basic inventory control template is perfect for a small business or any business that doesn’t need a lot of bells and whistles to manage inventory. View inventory by item name, description or ID number as well as unit price. Track the total quantity and value of your current inventory, reorder dates, and discontinued items. Managing inventory is straightforward with this template because of its clean design. As with all of the Microsoft Excel templates included on this page, the columns can be customized for your business, and calculations are completed for you.
Manage supply chain processes with agility using these helpful templates
Create a single source of truth that connects the procurement, operations, and logistics of your processes so you can manage and mitigate potential supply chain disruptions, keep your projects on track, and maintain visibility across all resources.
Food Inventory Template
This free template is specifically designed for tracking food stock. Doo 2 3 3. Restaurants and caterers can organize their inventory based on categories of food, like meat, vegetables, or desserts, and easily view the current quantity of food stock and inventory costs. Sitesucker 3 1000.
Asset Tracking Template
Keep track of your business assets like computer hardware, equipment that needs to be maintained, and tools with this free asset tracking template. This is a simple asset tracking system intended for smaller businesses, but it allows you to view not only the quantity and value of your assets, but also warranty dates, supplier information, physical location, serial numbers and more. To modify the template, simply remove any columns that you don’t need, or add new columns to increase your level of organization and detail.
Equipment Inventory Template
If your business is using costly equipment, use this free template for tracking the value, condition and location of your equipment inventory. Keep track of operating costs, depreciation, loan balances and more. Having all of this information easily accessible will help you know when it’s time for an equipment upgrade, which items are being used the most, which are most expensive to operate, and where equipment is being stored. Boost your operational efficiency and save money by accurately tracking your equipment inventory usage and costs.
Home Inventory Template
In case of a natural disaster, fire or burglary, having a home inventory spreadsheet can make life a whole lot easier. Going through a traumatic experience and losing personal possessions is hard enough without having to remember what items were lost and how much they were worth. This home inventory template makes it easy to document your home assets, including model and serial numbers, purchase price, and current value. The spreadsheet includes a column for location, so items can be organized based on rooms in your home. There are also fields for insurance information so that you can easily access your policy number and insurance agent.
Personal Inventory Template
Like the home inventory template above, this template allows you to record personal belongings so that you’re prepared in the event of a natural disaster or other emergency. A personal inventory template is also a useful tool for simply tracking personal collections such as media, artwork, books and other collectible items. The template allows you to categorize your personal items, describe their condition, and document their value. Since this is a free excel template already created for you, it’s also a quick way to track your valuables.
Software Inventory Template
IT professionals can save time with this software inventory tracking template. Keep track of your software and hardware purchases, license expirations, and upgrades to make managing software inventory easier. This template is specifically for tracking software, which sets it apart from other asset inventory spreadsheets. You can easily locate where certain software was installed, access supplier and purchase information, and view license renewal dates.
Benefits of Using Inventory Templates
The free templates below vary depending on whether you’re managing business assets, personal possessions, food stock, or some other type of inventory. But here are some of the basic benefits individuals and businesses can gain from using templates for inventory management:
- View current inventory levels: A template can provide easy access to the quantities of various products currently in stock, which is a vital first step in keeping operations running smoothly.
- Manage reordering: Tracking inventory will help you accurately identify when products need to be reordered as well as which items are discontinued.
- Create business statistics: View sales patterns, identify best-selling products, and track your top suppliers.
- Protect your investments: This applies to home users seeking insurance coverage for personal property as well as companies tracking computer hardware, tools and equipment, or merchandise. Knowing what you have in stock, where it’s located, and what it’s worth will help you maintain assets and know when it’s time to upgrade.
- Save time and money: Especially for small businesses, a template allows for easy data entry, quick access to product and order details, and a customizable format that can change along with the business.
Improve Inventory Operations with Real-Time Work Management in Smartsheet
Documenting and tracking inventory keeps day-to-day operations running smoothly by avoiding an over- or under-abundance of stock. Having the right tool to manage and report on these processes ensures that you hit expected inventory goals, receive inventory requests in a consistent format, and aren’t bogged down by manually tracking inventory operations.
One such tool is Smartsheet, an enterprise work execution platform that is fundamentally changing the way businesses and teams work. Over 74,000 brands and millions of information workers trust Smartsheet to help them accelerate business execution and address the volume and velocity of today's collaborative work.
Use Smartsheet to improve productivity by tracking inventory operations in a collaborative workspace, so team members and other key stakeholders can easily access and update details in real time, from anywhere. Save time and increase work agility with automated alerts that notify you when inventory is low. Leverage the barcode scanning feature to count items, confirm retrieval, and check price information, all from a mobile device. Streamline inventory data collection with easy-to-use forms that capture consistent information and store it in one central location to be tracked and managed.
Try Smartsheet to discover a better way to manage your inventory operations, today.
Discover a real-time way to manage inventory operations.
To reconcile inventory, compare the inventory counts in the company's records to the actual amounts on the warehouse shelves, figure out why there are differences between the two amounts, and adjust the records to reflect this analysis. Inventory reconciliation is an important part of cycle counting, since the warehouse staff uses it to continually update the accuracy of its inventory records. Inventory record accuracy is needed to ensure that replacement items are ordered in a timely manner, that inventory is properly valued, and that parts are available for sale or production when needed. An inventory reconciliation is also needed to ensure that the actual and recorded inventory amounts are the same at the end of the year, so that there will be no issues when the inventory is audited.
Inventory reconciliation is not as simple as adjusting the book balance to match the physical count. There may be other reasons why there is a difference between the two numbers that cannot be corrected with such an adjustment. In particular, you should consider following any or all of these steps:
- Recount the inventory. Someone may have incorrectly counted the inventory. If so, have a different person count it again (since the first counter could make the same counting mistake a second time). Further, if the physical count appears to be significantly lower than the book balance, it is possible that there is more inventory in a second location - so look around for a second cache of it. Recounting is the most likely reason for a variance, so consider this step first.
- Match the units of measure. Are the units of measure used for the count and the book balance the same? One might be in individual units (known as 'eaches'), while the other might be in dozens, or boxes, or pounds, or kilograms. If you have already conducted a recount and there is still a difference that is orders of magnitude apart, it is likely that the units of measure are the problem.
- Verify the part number. It is possible that you are misreading the part number of the item on the shelf, or guessing at its identification because there is no part number at all. If so, get a second opinion from an experienced warehouse staff person, or compare the item to the descriptions in the item master records. Another option is to look for some other item for which there is a unit count variance in the opposite direction - that could be the part number you are looking for.
- Look for missing paperwork. This is a large source of inventory reconciliation issues. The unit count in the inventory records may be incorrect because a transaction has occurred, but no one has yet logged it. This is a massive issue for cycle counters, who may have to root around for unentered paperwork of this sort before they feel comfortable in making an adjustment to the inventory records. Other examples of this problem are receipts that have not yet been entered (so the inventory record is too low) or issuances from the warehouse to the production area that have not been entered (so the inventory record is too high).
- Examine scrap. Scrap can arise anywhere in a company (especially production), and the staff may easily overlook its proper recordation in the inventory records. If you see a modest variance where the inventory records are always just a small amount higher than the physical count, this is a likely cause.
- Investigate possible customer ownership. If you have no record of an inventory item at all in the accounting records, there may be a good reason for it, which is that the company does not own it - a customer does. This is especially common when the company remodels or enhances products for its customers.
- Investigate possible supplier ownership. To follow up on the last item, it is also possible that you have items in stock that are on consignment from a supplier, and which are therefore owned by the supplier. This is most common in a retail environment, and unlikely anywhere else.
- Investigate backflushing records. If your company uses backflushing to alter inventory records (where you relieve inventory based on the number of finished goods produced), then the bill of materials and the finished goods production numbers had better both be in excellent condition, or the reconciliation process will be painful. Backflushing is not recommended unless your manufacturing record keeping is superb.
- Accept the variance. If all forms of investigation fail, then you really have no choice but to alter the inventory record to match the physical count. It is possible that some other error will eventually be found that explains the discrepancy, but for now you cannot leave a variance; when in doubt, the physical count is correct.
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