Supply Chain Management
Raw Material Inventory Management Excel Template
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Raw Material Inventory Management Excel Template

1
Identify raw materials needed for production
2
Entered identified raw materials into Excel Template
3
Cross-check the raw materials details entered into the system
4
Approval: Data Checking
5
Record quantity of each raw material inventory
6
Approval: Quantity Verification
7
Calculate the cost of each stock of raw materials
8
Enter into Excel Template the cost of each stock of raw materials
9
Cross-verify the cost calculations
10
Approval: Cost Calculation Verification
11
Calculate the total cost of all raw materials
12
Enter the total cost of all raw materials into Excel Template
13
Cross-verify the total cost calculations
14
Approval: Total Cost Verification
15
Identify the location of each raw material in the warehouse
16
Enter the location data into Excel Template
17
Generate inventory report based on data in the Excel Template
18
Approval: Inventory Report
19
Submit inventory report to Manager for final approval
20
Approval: Manager