Managing inventory in Excel starts by making sure you are tracking the right key information. How to make an inventory spreadsheet in Excel These spreadsheets are only good if people keep them updated, so updating as you use/consume those parts is essential. Periodic “counts” of inventory can be performed to see where there might be waste, spoilage or theft.Īn Excel-based inventory management process will not replace a true, dynamic system that you would find in a CMMS (computerized maintenance management system) or other work order system, but it can be an effective basic, low-cost solution. When you track inventory in an Excel spreadsheet, you can better understand: Inventory management is all about having a solid, detailed list of the spare parts you manage (stocked on-site or order just-in-time). This includes basic spare parts inventory tracking. Although never a replacement for a true dedicated inventory solution, you can cover the basics and use as intermediate solution until your needs grow. Microsoft Excel is an amazing general spreadsheet solution that can be used for many business tasks.
INVENTORY SHEET TEMPLATE SOFTWARE
This will also help you budget for inventory needs.Īnd while Excel inventory management can help you get ahead, the next step is to utilize software to really understand and optimize your inventory. An Excel-based inventory management system can allow you to better categorize, tag and label inventory items for improved awareness across your team. Can I use Excel for inventory management?Įxcel inventory management can help you better organize and track inventory and stock items, so you have a better idea of what you have and what you need. It's also a very accessible tool to help get you up and running with an easy way to manage maintenance inventory. If you're looking to take your inventory management system to the next level from paper or sticky notes, then Excel is a good next step. When you're low on resources, Excel spreadsheets can be a good way to start tracking inventory management.