![]() This level of inventory visibility can be a huge improvement for your forecasting efforts. In other words, you can see what products are making you money versus what products might need to be discounted (or discontinued altogether). The matrix makes it simple to get an at-a-glance view of these metrics by ranking goods based on their sales value and velocity. How? By giving brands an overview of bestselling products, slow-moving SKUs, and every item in between. Meanwhile, Cogsy’s inventory matrix levels up the information provided by the inventory management template. So, we recommend updating this tool at least once a day. That said, any time you make a sale, place a purchase order, receive a shipment or reorganize your warehouse, this data becomes outdated. With it, you can quickly check if you have enough stock to meet customer demand, what needs to be replenished, and how much to order. The intuitive template provides an organized, simple way to track your on-hand stock, each SKU’s reorder point, incoming replenishment, and when incoming purchase orders will arrive. Inventory prioritization matrix (IPM) templateĬogsy’s inventory management template is a quick, easy way to track your inventory levels. ![]() That’s why the team at Cogsy developed 2 free Google Sheets inventory templates to get you started: While Google Sheets is a good starting point for brands, the right template can get you further on your journey to streamlined inventory management. □ Torn between Google and Excel? Google Sheets have 2 major legs up on Excel: It’s a solid tool that allows team members to collaborate on spreadsheets in real-time. Nevertheless, both tools can be a great place for new brands to start managing their inventory until they’re ready to graduate to a more robust real-time inventory software like Cogsy. Updating inventory spreadsheets is a time suck, manual entry makes data prone to errors, and it’s simply not scalable. Truth be told, the issues with Sheets look a lot like the shortcomings brands see when managing and forecasting inventory with Microsoft Excel. That said, tracking inventory in Google Sheets comes with its share of challenges. Google Sheets is also a great way to check important metrics like cost per item, sale price, stock quantities, and reorder levels - and calculate total inventory value. You can organize information by product name, serial number, reorder status, and vendor information to make your future searches simple. Not only do inventory tracker templates get brands going faster, but they empower them to slice and dice data however they like. All while keeping a finger on the pulse of your relevant inventory data. ![]() Using a Google Sheets inventory template can help your brand organize its inventory management practices. So, we’ll show you how Google Sheets can increase visibility into your inventory and share the right templates to get you started. We know that staring down empty rows of blank cells is daunting. This includes monitoring product movement and quickly determining which SKUs need reordering (and when). ![]() ![]() With a free program like Google Sheets, ecommerce sellers can begin tracking their inventory in spreadsheets. The right tool (and templates) can go a long way toward making your inventory management easier. While Google Sheets is a go-to tool for many brands, not all retailers know how to manage their stock levels with it. ![]()
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