Download this Equipment Inventory Log Template to assist you in preparing your Inventory Log easily.

An equipment inventory log is either a computer program or a documented process that is used in almost every business, company, and warehouse function. The key purpose of this software or program is to keep the company updated with the quantity, status, and location of stock inventory. Every business needs to have definite knowledge about the stocks available in the warehouse to ensure customer satisfaction and to keep a record of all expenditures. The inventory includes several items such as machinery, goods, manufactured products, fixed assets, and consumables.  If this log is in the form of computer software, it’s not possible to understand or explain its functions of it but if it’s in simple documented form, it’s a piece of paper or an entire book on which the warehouse manager or supervisor puts information about the stock available in the warehouse i.e. its type, quantity, purchase date, expiry date, price of each item or bulk and others.

If you are an owner of a business or company, there is no need to explain the importance of this log to you but if it’s a new word for you, just keep in mind that this is the most important element of a business. Consider yourself as an owner of a superstore where you sell almost everything but you don’t use any inventory recording software. As a result, you will be unaware of your stock level, such as which items have been sold and are still in stock, and how much the stock has cost you. This way it’s not impossible that you will order the same product or inventory again but don’t remember to order those items which are not available in the store anymore. Now you can understand the importance of business reports and documents whether it is a communication log or inventory log for your business. As it plays a vital role in keeping updated records and tracking purposes.

Free Equipment Inventory Log Template

Here is a preview of a free equipment inventory log template created using MS Access,

Here is the download link for the above-mentioned equipment inventory log,

Professional companies use customized inventory software which they create according to their situation and purpose but several websites offer you to create such software online and you just have to pay a few bucks. This way you don’t have to hire a professional software developer or go through a lot of trouble by entering your company type and a little of your stock information and within a few minutes you get a professional-looking inventory log. There is another option for preparing such a log which is to prepare it on a simple paper or by creating a spreadsheet on a computer.

Use of an equipment inventory log:

• It helps the owner or supervisor to have definite knowledge about the remaining stock in the warehouse.
• By using an inventory log, the manager can predict the increase in the sale of a particular item that was recorded previously in the log.
• This way the supervisor can order the stock before it runs out and this way it makes the customer satisfied by providing them with what they came to buy without any delay or waiting.
• It helps the store or business to save finances which will be wasted on buying useless items if there is no inventory log being used.

Equipment Inventory Log Template FAQs