Efficient inventory management is crucial for online businesses. With our product inventory tracker template, you can easily keep track of your stock levels, monitor product availability, and plan for restocking. Stay organized and avoid stockouts or overstocking, ensuring a smooth fulfillment process for your customers.
- Date Received – Insert the date you accepted the style into your inventory. This data will help you to have an idea of how long an item has been sitting in your inventory. If it sells quickly, you know it’s a good item that you may want to restock. If the item has been sitting too long, you may need to mark it down or determine a different marketing tactic for that particular item.
- Product – Insert the item name/SKU. It is also recommended that you to insert color and size. Each color and size of a style should be a separate line for better tracking.
- Quantity – Write down how many pieces you initially received.
- Cost – Write in how much you paid your supplier for the item or how much it cost to make the item if you are a manufacturer.
- Sale Price – Write in your original sale price that your customers will be paying for the item.
- Profit – Calculate the difference between your cost and sale price. That will be how much you can expect to make on each item if sold at the original price.
At the bottom, you can calculate your total potential profit, if all pieces are sold at the original price.
