Excel Order Inventory Tracking Template

In this task, you will prepare the master data by inputting the item codes, item descriptions, and units of measurements. This data is essential for accurately tracking the inventory orders. Make sure to double-check the accuracy of the information entered to avoid errors in later calculations.

In this task, you will input the received orders by entering the item codes, quantities, and order dates. This information is crucial for tracking the inventory and analyzing sales trends. Pay attention to the details and ensure the accuracy of the data entered.

In this task, you will execute a formula to calculate the quantities on hand. This will help you determine the current stock levels of each item. Make sure to follow the formula correctly to ensure accurate calculations.

In this task, you will execute a formula to calculate the quantities on order. This will help you track the items that are currently on order but not yet received. Follow the formula carefully to avoid errors in the calculations.

In this task, you will execute a formula to calculate the quantities sold. This will allow you to analyze the sales data and identify the top-selling products. Use the formula accurately to obtain correct results.

In this task, you will analyze the data to identify the top-selling products. Use the sales data and quantities sold to determine which products are in high demand. This information can help you make informed decisions about inventory management.

In this task, you will analyze the data to identify the less selling products. Use the sales data and quantities sold to determine which products are not performing well. This information can help you make decisions about marketing strategies or product adjustments.

In this task, you will generate a graphic presentation of the order inventory trend. Use the data collected and analyzed to create visual representations that can provide insights into inventory management. Use appropriate tools or software to create the graphic.

In this task, you will update the database with new orders received on a daily basis. Make sure to input the new orders accurately to ensure the inventory records are up to date. Double-check the information before updating the database.

In this task, you will print out the daily inventory order reports. The reports provide a summary of the daily orders and can be used for reference or analysis. Make sure to have access to a printer and the necessary supplies to complete this task.

In this task, you will observe discrepancies in the inventory order report. Carefully review the report and compare it to the actual inventory records. Look for any inconsistencies or errors that need to be addressed.

In this task, you will rectify discrepancies spotted in the inventory order report. If any errors or inconsistencies were identified in the previous task, take the necessary steps to correct them. Make sure to update the inventory records accurately.

In this task, you will backup the inventory order data on external storage media. It is important to have a backup of the data to prevent loss in case of system failures or data corruption. Use the appropriate storage media and follow the backup procedures.

In this task, you will transmit the online inventory order data report to relevant departments. Share the report with the necessary stakeholders to keep them informed about the inventory status. Use the appropriate communication channels or software to transmit the report.

In this task, you will conduct regular audits of the process. Audits help identify any weaknesses or areas for improvement in the inventory order tracking. Follow the audit procedures and document any findings or recommendations.