How Business Inventory is a valuable business asset?


Business inventory refers to assets your organization obtains or processes for the purposes of producing goods or services or both. Proper management of inventory is crucial because it can increase sales and decrease costs. Also, proper inventory management helps you to track your inventory turnover.
It is important that you evaluate your business from time to time to ensure that you stay on track. It might be done by carrying out a physical inventory where you do the manual counting of stocks, or by using software to track inventory. Inventory management is one of the most important processes of your business.

What is an Inventory Process?

An effective inventory process involves controlling, storing as well as tracking your inventory items. It is an integral part of supply chain management because it regulates all operations involved from the time an item reaches your store to the time that it gets dispatched. In short, inventory management helps your organization to have streamlined operations. It also organizes your resources and maximizes returns. It is all about having the right levels of stock, at the right place, the right time, the right cost and the right stock. There are lots of sample inventory examples to get you started when you want to manage your inventory.

Why you should manage your Intangible Assets?

Intangible assets refer to a company’s weightless wealth which helps it to get real effort. Every company needs to understand this crucial aspect. In fact, managing intangible assets can help in creating and developing its core competencies. This will further lead to a competitive edge in the market.

Due to the strategic relevance of managing intangible assets for your organization’s competitiveness, understanding the value and importance of intangible assets to a company is crucial. It will lead to making better decisions when allocating resources for them. Use inventory examples in doc templates that are easily available online.

How To Manage Assets and Inventory Using Modern Technologies?

Majority of challenges faced by businesses like having excess stock, having obsolete stock, spoilage or running short of stock are all because of poor inventory management. Thankfully, there are a lot of modern technologies that have been designed to help with this and even free inventory examples.

They include the following:

Point of Sale:

This contains inventory amounts for every product that is sold by a company. It simply reduces the inventory by one every time a unit is disposed of.

Barcode Scanners:

Anytime the products leave the shop or warehouse, for instance after being sold, they are checked out and scanned, and in the process, the inventory system is upgraded.

Electronic records:

When someone wants to do a count of the inventory so as to verify stock levels, the POS (point of sale) can print out inventory counts. This enables the supervisor to compare actual inventory levels with electronic records just to be sure they are at par.

Things that influence the value of a business :

There are many factors that are taken into account when determining the value of a business. These include business earnings track record, business growth prospects, industry growth prospects, competitive advantage, location, ease of access to financing, market concentration, product and service concentration and ease of operation. Other factors include knowledge and skill of staff, quality of management team and the competitive advantages of the business. For a business to know its true worth, all these factors should be taken into account. Use inventory examples in PDF to try and find out what your company is worth.

Business Inventory Examples & Templates

1. Small business Inventory Spreadsheet

Details
File Format
  • Google Docs
  • Google Sheets
  • Excel
  • Word
  • Numbers
  • Pages

Size: A4 & US

Download

Apart from giving you somewhere to record important business inventory, this template also features a simple outline to help you capture everything you may want to include. Here are more inventory examples.

2. Free Business Inventory

[​_/ns_​_col]
Details
File Format
  • Excel
  • Word

Size: A4 & US

Download

Almost all organizations need physical assets for their business operations. This template was specifically designed for businesses that want to track their inventory, value and their location. Download the template today!

3. Free Small Business Inventory

Details
File Format
  • Google Docs
  • Google Sheets
  • Excel
  • Word
  • Numbers
  • Pages
  • Editable PDF

Size: A4 & US

Download

This sample worksheet enables you to track all your stock and have a proper record of them. the template also helps you track prices of stock so you know what’s there.

4. Free Simple Business Inventory

Details
File Format
  • Google Docs
  • Google Sheets
  • Excel
  • Word
  • Numbers
  • Pages
  • Editable PDF

Size: A4 & US

Download

What better way to capture your trading stock than with this free simple business inventory template? The template is available in several formats like Google Docs, Excel, Numbers, Editable PDF and Google Sheets among other formats.

Details
File Format
  • Google Docs
  • Word
  • Pages

Size: A4 & US

Download

If your business buys and use materials for maintenance or manufacturing, then this could be what you need for effective inventory control. The template helps to track your assets and know when you should make further purchases.

6. Business Records and Inventory

Details
File Format
  • PDF

Size: 264 KB

Download

Use this template to record your entire inventory and have a solid proof of your current assets plus their worth. The template helps you to get started, and also gives you a fun way to create your business inventory list.

7. Business Reasoning Inventory

Details
File Format
  • PDF

Size: 209 KB

Download

This template, available in an instantly downloadable PDF, offers the best way to track your business inventory and ensure you always have the right level of stock. Download it today.

8. Inventory Investment Business Cycle

Details
File Format
  • PDF

Size: 94 KB

Download

This inventory investment business cycle template gives you an easy-to-use template to track your inventory. Get the downloadable PDF today to get started.

9. Agency Business System Inventory

Details
File Format
  • PDF

Size: 236 KB

Download

Using this template, you will be able to easily track your inventory. This way, you will always know when to buy new stock and never have excess.

10. Retail Inventory Business Fluctuations

Details
File Format
  • PDF

Size: 6 MB

Download

This retail inventory business fluctuations template helps to track and measure important warehousing and inventory metrics. Containing graphs and reports, the template offers an easily customizable way to track metrics that are crucial to your business.

11. Business Focused Inventory of Personality

Details
File Format
  • PDF

Size: 407 KB

Download

This template helps you create a solid inventory management, which in turn helps you to manage each item in the inventory through its whole lifecycle. You can track it right from delivery all the way to the customer’s shopping basket.

12. Business Inventory Exemption

Details
File Format
  • PDF

Size: 76 KB

Download

Creating a well-managed inventory system lets understand your stock and use their potential to the maximum. It thus improves your business operations as well as increase profits. Download this template today!

13. Business Inventory Example

Details
File Format
  • PDF

Size: 39 KB

Download

With this business inventory example, you will have a business that’s more organized and efficient. Without tracking and controlling your inventory, it is hard to figure out what you need, in what quantity and when.

14. Inventory Management System Business Operation

Details
File Format
  • PDF

Size: 245 KB

Download

Use this template to ensure that all your assets are continuously being tracked. This will enable you to see where the weaknesses and strengths of your organization are.

15. Inventory of Local Businesses

Details
File Format
  • PDF

Size: 489 KB

Download

This template helps you to create an inventory management system that ensures you don’t get overflowed with stock. This is because you will be keeping just the right amount of stock.

16. Main Street Business Inventory Form

Details
File Format
  • PDF

Size: 108 KB

Download

With the help of this template, you can create your inventory management system to improve how you relate with vendors. Since all items are being seamlessly tracked, both the vendor and you are kept aware of your ordering needs.

More Design