A store inventory sheet is a document that enlists all the details of your stock whether it’s a shop or a business. Using a store inventory sheet reduces the risks of running a shop; on the other hand, it shows when to buy more goods. The best reason for using an inventory sheet is that it makes the job of purchasing new goods less of a challenge. There is no reason for a highly experienced person to handle this sheet, an average even inexperienced person can handle this list and that’s the beauty of using it.

A general store inventory list is a paper with columns on it. It changes for each different business but a common sheet contains the following details:

1. Shop/Business name
2. Inventory ID
3. Name of the item
4. Description of the item
5. Unit price
6. Quantity in stock
7. Quantity in reordering
8. Comments (if any)

These are pretty much the things that one can find on a store inventory sheet. In a way, this sheet gives you a firm hold on your shop’s stock. It is updated on a daily, even hourly basis so that it shows the exact amount of present stock in the store.

Free Store Inventory Sheet Template

Here is a preview of a free Store Inventory Sheet Template created using MS Excel,

 

 

Here is the download link for this Store Inventory Sheet Template,

Key features of a Store Inventory Sheet:

• Real-time updates of present stock
• Direct inventory updates from the point-of-sale system
• It receives direct store delivery, purchase orders, transfers, and also warehouse deliveries
• Access items, suppliers, and container data
• It shows available on-hand stock and quantities in transit for any store in the company
• It can track and manage unique identification numbers
• It can also keep a record of reserved goods for the customer’s orders

Benefits of using a Store Inventory Sheet:

• It prevents stock-outs and overstocking
• It helps save the sale by updating the daily
• It improves control of inventory management and it reduces carrying costs
• It eliminates the chances of overstocking a particular item

A business needs to build good relations with the customers and it’s only possible if the customer gets what he wants every time he comes to your shop. This sheet helps to maintain the optimum level of stocks. It makes it easy for you to determine the lead time. By knowing the lead time and the average weekly sales of every specific item, it is trouble-free to get delivery on time.

There is nothing worse than losing a sales opportunity caused by out-of-stock products or because the store manager was unable to locate the item. This sheet helps you get rid of these types of situations by maintaining accurate inventory position, the exact location of the items, and saving the sales. You don’t have to check the stock at the end of every day as people used to do a few years back.

According to your needs and budget, you can use an inventory sheet in the form of paper or computer software. Although there are possibilities of human errors while updating the sheet manually it’s cheap. On the other hand, a computer inventory sheet always works without even a single error but it probably costs you a lot to buy some software.

Store Inventory Sheet Template FAQs