How do I make an inventory spreadsheet in Excel?
Open a new spreadsheet in Microsoft Excel, Google Sheets, Numbers or another program. You can use whichever spreadsheet program you feel comfortable with.
Name your headings.
Enter items and their corresponding information.
Save the sheet and update during inventory.
How do I make an inventory list?
Create a column for inventory items. Similar to an inventory sheet template, create a list of items in your inventory using a vertical column.
Create a column for descriptions.
Assign a price to each item.
Create a column for remaining stock.
Select a time frame.
How do you analyze inventory in Excel?
Arrange the inventory data in Excel.
Calculate extra columns needed for ABC classification.
Create Inventory Distribution Chart.
Set up ABC classification thresholds.
Add the ABC items & % total cost columns to chart.
Add Error bars to the ABC markers to get boxes.
Manage Your Inventory in a Google Sheets Spreadsheet
Just open Google Sheets, make a new spreadsheet, then list your inventory there. Be sure to add a least a column for your product ID numbers—or SKU for stock keeping units—and the quantity of the items you currently have.
ABC analysis is an inventory management technique that determines the value of inventory items based on their importance to the business. ABC ranks items on demand, cost and risk data, and inventory mangers group items into classes based on those criteria.
GMROI = Gross profit margin / average cost of inventory on hand.
ATP = Quantity of product on hand + supply (or planned orders) – demand (or sales orders)
ITR = Cost of goods sold (COGS) during specified period / Average inventory during the period.
SR = (Stockout order / total customer orders) x 100.
Use the formula 'annual number of units sold x cost per unit' to calculate the annual consumption value of each item.
List your products in descending order, based on their annual consumption value.
Total up the number of units sold and the annual consumption value.
Prioritize your inventory.
Track all product information.
Audit your inventory.
Analyze supplier performance.
Practice the 80/20 inventory rule.
Be consistent in how you receive stock.
Order restocks yourself.
In this guide, we'll walk through how to set up a portfolio tracker using Excel. Whether you want to track an existing portfolio, use Excel functions to inform selling, or track stocks on your watchlist to know when/if to buy, you can use Excel's built-in “Stocks” feature to pull the information you'll need.