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Any inventory clerk or accountant will agree that stock inventory management is crucial to any business that must maintain an inventory of merchandise, equipment, tools, or materials. Many large companies use complex inventory databases to minimize excess inventory, but these systems are costly and difficult to setup.
Vertex42's Inventory Control Template will help you get your inventory program started - including reducing surplus inventory and processing inventory updates. Use the main Inventory Control worksheet (see screenshot above) to keep track of locations, minimum stock levels, in stock inventory, parts on order and parts on backorder. Make sure to include both internal and external part numbers so items can be easily and correctly identified.


Use the status field to track the life cycle of a part from pre-production through obsolescence. Use the Suppliers (view screenshot) worksheet to keep track of supplier contact information. Looking to track fixed assets such as equipment, hardware and furniture, check out Vertex42's Asset Tracking Template – a simple solution for equipment tracking. Good Inventory Management Information for Small Businesses at sba.gov – A collection of good basic information and tips for good inventory management geared towards smaller companies. Stock Control and Inventory at gov.uk – A series of web pages with great information about setting and managing stock levels. Best Practices for Accurate Physical Counts of Inventory at gao.gov – The United States General Accounting Office's best practices for counting inventory.


But as all inventory clerks know, keeping track of inventory is hard enough without worrying about inventory optimization. If you are a small or medium size company, or just need something to get you started, check out our simple inventory control solution that includes an Inventory Control Spreadsheet template, a Physical Count Sheet and an Inventory Label template.



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