Inventory control is a process used to ensure that the products in a business can meet the demands of buyers. So, inventory control is related to the stock.
Printable Inventory Log Sheet
Printable Inventory Sheet Template
What is Inventory Control?
Inventory control is a process used to ensure that the products in a business can meet the demands of buyers. So, inventory control is related to the stock. Therefore, the main activity in inventory control is to maximize the storage and availability of stock by checking and recording the entry and exit of products in detail.
With inventory control, stock availability will be well organized. This can have a positive impact on the company's operating budget. In general, the main tasks performed in inventory control are as follows.
- Calculate the stock items in the warehouse. If the stock in the warehouse is low, the stock must be added soon. So, the stock count is done every day.
- The second task is to check the data. This is done if the stock data has been recapitulated.
- The stock recap results will be used as a report to supervisors. Therefore, inventory control is also related to making stock reports. The name, type, size, and quantity of products must be written in detail on the report.
Inventory control also has some of these functions.
- Ensure that the products ordered from suppliers are in accordance with the requirements.
- Get maximum profit from the purchase of products.
- Prevent delays in the delivery of products needed for stock.
- Minimizing the risk of an increase in the price of products.
- Provide products for buyers.
For this reason, inventory control plays an important role in a business, especially the manufacturing business. So, inventory control needs to be implemented properly to provide maximum profit and prevent losses to the business.
How do Maintain Accurate Stock Levels Using Inventory Control?
To do inventory control properly, you need to check the stock accurately. Therefore, see an explanation of mastering inventory control: tips for maintaining accurate stock levels here.
- The main thing that can make you good at inventory control is recording inventory in detail. So, you must be an expert in calculating inventory and recording everything in detail on a log sheet.
- You also have to be able to analyze inventory data. See the sales trends in your business. If a certain item is not selling well in the market, you may not buy stock for that item again. So, inventory control is also related to analytical skills and strategy making. The analysis that is often carried out in inventory control is ABC analysis. A is a high-value item in small quantities, B is a medium-value item in moderate quantities, and C is a low-value item in large quantities.
- To be good at inventory control, you also have to understand JIT or Just-in-Time inventory management. It is a strategy used to reduce excess stock availability. The trick is to receive the ordered items on time according to the amount of the buyer's request. By implementing this strategy, you will be able to minimize costs and increase cash flow.
- Use technology to help you to do accurate inventory management. Currently, there are many software for inventory control. An example is MASERP which is one of the leading inventory control software that is liked by many procurement staff in the company. By using technology, you can monitor inventory in real time.
Printable Inventory Sheets
Printable Blank Inventory Sheet Supply Inventory Sheet Printable Blank Inventory Count Sheet Template Printable Inventory Tracking Spreadsheet Free Printable Inventory Log Sheet Template Printable Inventory Tracking Sheet Template Printable Inventory Log Sheet Excel Template Printable Inventory Tracking Sheet Excel
In general, there are 5 methods used in inventory control. By applying all of these methods, you will be able to determine the best pattern for purchasing stock items and managing them.
- Tracking Inventory: The first method is tracking inventory. It is an activity of monitoring or tracking the stock to find out the location of the stored items. This process must be carried out in real time so the products ordered by the buyer can be sent immediately. With this method, companies can make decisions quickly to send products. So, buyers do not have to wait long if the stock runs out.
- Set Reorder Point: This method is done by ordering stock items in large quantities. The goal is to anticipate if one day the stock runs out. However, this method should only be applied to products that are in high demand.
- Quality Control: This method is familiar to some people. Yes, Quality Control or QC is one of the methods applied to inventory control. QC can help companies to monitor orders from suppliers, monitor stock, meet quality and standard requirements, and make the right decisions for future orders. This process can be done easily if the exact location of the stock is known.
- Zoning: The next method of zoning. The zoning method is usually carried out by companies that have many types of products. So, the main purpose of the zoning method is to make it easier for staff to find stock items in the warehouse. Arrange some special shelves in the warehouse. Then, each shelf is labeled according to the type or product category.
- Audit: Inventory control is also closely related to auditing. You need to do regular audits to ensure that there are no problems with the stock. In addition, audits are also carried out to make it easier for companies to determine solutions to inventory problems. So, it can be a preventive thing to prevent various problems with inventory control.
Article written by Adelina M.K., last updated on May 17, 2021 and edited by Printablee Team.
More printable images tagged with:
Printable Inventory Log Sheet
Printable Inventory Sheet Template
Printable Inventory Sheets
Printable Blank Inventory Sheet
Supply Inventory Sheet Printable
Blank Inventory Count Sheet Template
Printable Inventory Tracking Spreadsheet Free
Printable Inventory Log Sheet Template
Printable Inventory Tracking Sheet Template
Printable Inventory Log Sheet Excel Template
Printable Inventory Tracking Sheet Excel
Christmas
Have something to tell us?
Comments
I found the Free Printable Inventory Log Sheet to be a practical and handy tool for organizing my inventory. It's easy to use and saves me time. Thank you for providing this resource!
A free printable inventory log sheet is a helpful tool for businesses to track and manage their inventory efficiently, saving time and improving overall organization.
Thank you for providing this free printable inventory log sheet. It's a simple and practical resource that will help me keep track of my inventory more efficiently.
Thank you for providing this Free Printable Inventory Log Sheet! It's a great resource to help keep track of my inventory in an organized and efficient way.
This Free Printable Inventory Log Sheet is incredibly helpful for keeping track of my belongings. It's simple and organized, making it easy for me to stay on top of my inventory. Thank you for providing such a useful resource!
This Free Printable Inventory Log Sheet is incredibly useful for keeping track of all my supplies and products. It saves me time and helps me stay organized. Thank you for making it available for free!
I love using the Free Printable Inventory Log Sheet! It's straightforward and helps me keep track of my supplies effortlessly. Thank you for this helpful resource!
I found the Free Printable Inventory Log Sheet to be incredibly helpful in keeping track of my belongings. It's simple, easy to use, and completely free! Thank you for providing such a useful resource.
This free printable inventory log sheet is a convenient tool for tracking and managing your inventory effectively, helping you avoid stockouts and streamline your business operations.
Great resource! The Free Printable Inventory Log Sheet is just what I needed to keep track of my supplies. Thank you for providing this helpful tool!