Download a free Excel template to track inventory for your retail business.
https://indzara.com/2017/02/free-retail-inventory-management-template/

A simple and effective inventory tracking tool to manage your retail business orders and inventory. If you are starting a retail business where you plan to buy products from your suppliers and then sell them to customers at a margin, you will need a tool to track your business effectively.

Why do we need an inventory and sales management tool for retail inventory and stock management?

1. What is the current stock level?
2. When to order?
3. What products to order?
4. Are we profitable?
5. Who are the best customers and suppliers?

To access this information easily and quickly, we need software. There are several sophisticated and expensive cloud-based software available to manage inventory and sales for retail businesses.

For small and medium businesses, especially when starting out, it is important that the software we choose is easy to use, customizable, and inexpensive. That is why I am excited to present a free Excel template as a solution.

Features of this model

Order management
3 types of orders (Sell, Buy, Adjust)
Manages product returns
Automatically fill in product prices in orders

Inventory management
Calculates the current inventory of each product
Set replenishment points and know what to order

Finance
Manages taxes
Manages discounts at product and order level
Calculates cost of goods sold (COGS) and profit

Data management
Easily access lists of products, partners (customers and suppliers) and orders
Maintain historical product price data

Reports
6-page interactive report on business indicators
12-month key indicator trends
Identify the best products and partners
Calculates inventory value

Overview of the steps

Initial configuration
Enter the company information in the Settings sheet
Enter product categories in the Settings sheet
Enter the list of products in the Products sheet
Enter current product prices in the price sheet
Enter the list of customers and suppliers in the Partners sheet

Create orders
Enter the list of orders in the Order Headers sheet.
Enter the details of each order (items) in the Order Details sheet.

Displaying the activity report
View company performance summary in report sheet

Related videos:
Tips on Excel templates
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https://www.youtube.com/watch?v=GcGUJB7fo0c

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Small Business Management Templates: http://indzara.com/small-business-excel-templates/

Free Excel course: http://indzara.com/useful-excel-for-beginners/

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