Free Stock Inventory Control Templates
Stock control, also called inventory control, is an activity carried out by someone who is assigned to check how much stock a company has at one time. He also has to track the movement of the stock within a certain period of time such as daily, weekly, or monthly.
Inventory control applies to all items used to produce a finished product, ranging from raw materials, semi-finished materials, to finished goods. This includes stock at each stage for example starting from the process of purchasing, shipping, use, to reorder.
Controlling stock efficiently has many benefits. Having right amount of stock in the right location (such as warehouses, storage rooms, and showrooms) at the right time efficiently cuts the managerial costs. This will also save the modal spent on producing, storing and distributing goods, as well as protecting production if the supply chain is having issues.
There are four types of stock, namely 1.) raw materials and components that are ready to be used for the production process, 2.) in-process products, namely the stock of semi-finished products, 3.) finished products that are ready to be marketed, and 4.) consumables.
When recording stock inventory, you can use standard stock values to categorize the remaining stock. Sort the remaining stock into three values: low, medium, and high value. Stock that is categorized as high value is a stock made with a lot of material / expensive and a limited amount, and vice versa. By knowing this capital-restricted stock level, you can more confidently design an expenditure plan for new and replacement stocks. For example, you can set priorities for producing the highest value items. Even so, low-value stocks should not be ignored because they could be important for the production process.
To make it easier for you to manage stock inventory, use one of the stock inventory control templates below as a reference:
- Free Download Inventory Spreadsheet Template
- Free Download Stock Inventory Template
- Free Download Small Business Inventory Checklist Template
- Free Download Stock Control Template
- Free Download Inventory Control Forms Template
- And many more!
Modify the template to accommodate the information you will enter. After that, save and / or print an inventory report. Stay tuned for more inventory template updates!
