The inventory management spreadsheet template can assist in reducing waste by providing a clear overview of material inflows and the products they create. It includes a ledger to track orders and inventory levels for both materials and products produced. This allows for better planning and control of inventory, which can help prevent overstocking and understocking. Overstocking can lead to waste due to expiration of materials, while understocking can lead to production delays. The template also visualizes important metrics related to total inventory value, expiration dates, materials most in demand, and maximum versus minimum order intakes, which can further assist in making informed decisions to reduce waste.
Need a spreadsheet to manage incoming and outgoing inventory? Our Inventory Management spreadsheet t...
Download model