Stock Inventory ControlCompany: XYZ Company Current Inventory Total On Order Total Backorder Total

Date: 4/20/2023 $ 500,000.00 $ 250,000.00 $ 125,000.00

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Item Information Storage Information Purchase Information Current Inventory On Order Backorder

Name Description Category Status Area Shelf/Bin Supplier Price Units Qty Value Qty Value Date Qty Value

12123-32 Super Widget Our coolest widget ever Widgets Pre-production Area 1 Shelf 10 Make XYZ Company NA $ 250.00 Each 2000 30 500 2000 $500,000.00 1000 $250,000.00 9/1/2011 10/5/2011 500 $125,000.00 11/15/2011

12145-39 Awesome Gizmo Great gizmo to sell Widgets Released Area 2 Shelf 1 Buy ABC Company A232 $ 325.00 Box 1000 15 200

12324-23 Cool Thingamabob Old Thingamabob Widgets Obsolete Buy 123 Company A34-23-123 $ 232.00 Each 1200

Inventory Control Spreadsheet © 2011 by Vertex42.com

Inventory ID/ Part Number

Make/ Buy

Supplier Part Number

Reorder Level

Leadtime (days)

Reorder Qty

Expected Delivery

Expected Delivery

Stock Inventory Count SheetCompany: XYZ Company

Date: 4/20/2023Performed By: Bob Jones Signature

Item Information Storage Information Purchase Information Actual Inventory

Name Description Area Shelf/ Bin Supplier Units Qty Location Shelf/ Bin Qty Location Shelf/ Bin Qty Location Shelf/ Bin

12123-32 Super Widget Our coolest widget ever Area 1 Shelf 10 XYZ Company NA Each

12145-39 Awesome Gizmo Great gizmo to sell Area 2 Shelf 1 ABC Company A232 Box

Inventory Control Spreadsheet © 2011 by Vertex42.com

Inventory ID/ Part Number

Supplier Part Number

InventoryCompany: XYZ Company

Date Location

Part No. Price Units Material

Description

Counted By Checked By

Raw Material

Finished

Process

Supplies

Supplier List

Supplier Name Product Description Price Contact Name Email Phone # Fax # Street Address City, State ZIPProduct Link(website)

Lead Time(days)

Instructions© 2011 Vertex42 LLCHelp

1. Starting with the Inventory Control worksheet tab, enter your parts or line items, one per line. Include a name, description and other information.

2. Choose a status for the item. If a part becomes obsolete, change it's status to Obsolete. You can even hide the row.

3. Include informaiton about the storage location of the parts - typically an area within the facility and a shelf or bin.

4. Include purchase information for the item such as supplier, supplier part number, price and ordering/counting units.

5. Set a reorder point for the item. Experience and time will help you optimize this number.

6. Keep track of your actual inventory. Make sure to detect inventory as you use it.

- Even with good record keeping, it is necessary to do a physical count periodically (monthly, quarterly, yearly). Use the Count Sheet tab to help with this.

- Copy the first few rows of your inventory over to the count sheet. Print out copies of the sheets. Have the counters count all the items in stock and return the signed count sheets to you. Use these sheets to update your Current Stock number

- Use the inventory labels to label stock when it is received and stored. This will help people locate the stock when needed, especially during a physical count.

7. When an order is placed, put the information including qty and expected arrival date in the On Order section. This way you won't order duplicates of items.

8. If an item is on backorder, use the Backorder section. This will remind you of potiential supply issues. If this section is not applicable to your business, simply hide the columns.

9. The Inventory Control sheet will tell you when to order new units based on your inventory count and reorder point, by highlighting the reorder point red.

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© 2011 Vertex42 LLC. All rights reserved.

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