How to create an Inventory Management System in Excel? What is the main purpose of inventory management? An easy way to start completing your management system for stock is to download this Inventory Management Excel Worksheet template now!
Every company with a warehouse or store will need to do proper inventory management to ensure there is enough goods or materials on short term and on long term, that meets the demand, without creating overstock, or excess inventory. Since keeping stock can be costly, it's important for an organization to manage the inventory well, in order to be economical and stay competitive.
We provide this Excel Inventory Management template to help professionalize the way you are working. Our business and legal templates are regularly screened and used by professionals. If time or quality is of the essence, this ready-made template can help you to save time and to focus on the topics that really matter!
INVENTORY MANAGEMENT ASSESSMENT TOOL (IMAT)
This tool is available in hard copy or on an Excel spreadsheet and includes:Instructions and forms for collecting basic data on a representative sample of 25 products, Calculation sheets to produce indicators and graphs, Guidelines for analysis and recommendations for improvement,"This tool for improving warehouse performance was developed by the INFORM Program at Management Sciences for Health (MSH) and tested with the help of the the Family Planning Association The Inventory Management Assessment Tool (IMAT) produces indicators to assess the effectiveness of record-keeping and stock management practices in a warehouse and provides suggestions for improvement. The tool guides users through the process of collecting data (based on the stock levels of a group of representative products over a 100 day period), calculating indicators, analyzing and interpreting the results, and identifying appropriate strategies for improvement. The IMAT can be conducted at a single warehouse, health facility, or other institution that manages stock. It can also be used at different levels of the health system to examine record-keeping and stock management practices throughout the country. Evaluators should plan for a half-day to implement the IMAT at each site.
Download this Excel Inventory Management template now for your own benefit!