You can also make copies of this spreadsheet for multiple months, but the template has enough space for all the items you wish to add. A red-colored “REORDER” message is displayed if the Current Stock is lower. A simple IF formula checks whether the Current Stock value is less than the Reorder At value. In the next column, you can specify the Reorder At value that defines the number, after which you should be prompted to reorder the stock shown in the next column. The Inventory Value column uses a simple multiplication formula to calculate the value of the total stock. Additionally, you can add the Cost Per Item in the next column and the Current Stock amount beside it. The first few columns allow you to add the Item ID, Name, Manufacturer, and Description. The template features a clean and easy-to-understand design with built-in features for formulas that help streamline many of the calculations in the template. I designed this Excel inventory tracking template to simplify the inventory management tasks for small and large businesses. Now, let’s take a look at some of the best inventory templates for Excel in 2024: Item Inventory Excel Template Just remember to use the code “SSP,” which will save you 50%. You may also want to check out some of our premium templates. These templates were made using Excel, but they can also be used with other spreadsheet software like Google Sheets. Therefore, I made templates below so you can download and use them to make the process easier. Related Reading: Free Google Sheets Inventory Template for 2024 Best Excel Inventory Spreadsheet Template of 2024Ĭreating a new template for Microsoft Excel can be time-consuming, especially for a beginner. You can also add a minimum and maximum stock level, purchasing price, supplier information, date of purchase, location, images, barcodes, expiration date, and other information. These are only some things you should add to a basic inventory tracker. Notes: You can also add a description of the item or notes for your staff, such as product information or handling instructions.Price: This is the selling price of the item.Quantity: This column contains the number of items you have in stock currently.This helps you categorize and sort your items more easily. Category: Adding a category is crucial if you’re a business that sells multiple items.
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