Stock Control Excel Spreadsheet Template

In this task, you need to identify all the products that currently have inventory. This is important to ensure that we have a clear understanding of the items we have in stock and can effectively manage our inventory levels. By completing this task, you will have a comprehensive list of products that we currently have in our inventory.

In this task, you will record the unique product IDs for each of the identified products. These product IDs are important for tracking and managing inventory. By completing this task, you will have a record of the product IDs associated with each product in our inventory.

This task involves examining the current inventory level for each product. By carefully reviewing the inventory level for each product, we can identify any items that may need to be re-ordered or replenished. Ensure to check the stock in different locations if applicable. Complete this task to determine the current inventory level for each product.

In this task, you will identify products that have low inventory levels. Low inventory levels can indicate a need to re-order or restock certain items. By identifying these products, we can take necessary actions to avoid stock-outs and maintain sufficient inventory levels. Complete this task to identify products with low inventory levels.

This task requires specifying the re-order level for each product. The re-order level is the minimum inventory level at which we want to replenish the stock. By setting appropriate re-order levels, we can ensure timely re-ordering of products and avoid running out of stock. Complete this task by specifying the re-order level for each product.

To effectively manage the stock control process, it is essential to enter the re-order levels in the inventory spreadsheet. This enables easy tracking and monitoring of inventory levels. By completing this task, you will update the spreadsheet with the re-order levels for each product.

In this task, you need to calculate the amount of each product that needs to be re-ordered based on the current inventory level and the specified re-order level. By accurately calculating the re-order quantity, we can ensure sufficient stock to meet demand without overstocking. Complete this task by calculating the amount of product to be re-ordered.

This task involves identifying the supplier for each product. It is important to have accurate supplier information to facilitate the re-ordering process. By identifying the suppliers, we can establish effective communication channels and streamline the procurement process. Complete this task by identifying the supplier for each product.

In this task, you will record the supplier ID and contact details for each supplier associated with the identified products. This information is crucial for establishing effective communication and maintaining a strong relationship with suppliers. Complete this task by recording the supplier ID and contact details.

To initiate the re-ordering process, you need to draft the order form with the re-order quantity for each product. This order form will serve as a formal request to the supplier for replenishment. By completing this task, you will have a draft of the order form ready for review and approval before sending it to the supplier.

Before proceeding with the re-ordering process, it is crucial to check the available budget. This ensures that we have sufficient funds to cover the cost of re-ordering the required products. By completing this task, we can make informed decisions regarding the re-ordering process based on the available budget.

Once the order form is drafted and the budget is confirmed, it is time to send the order form to the supplier for further processing. By sending the order form promptly, we can initiate the procurement process and ensure timely delivery of the re-ordered products. Complete this task by sending the order form to the supplier.

To keep track of the re-ordered products, it is important to mark them as 'Waiting for delivery' in the inventory spreadsheet. This helps us have a clear overview of the pending orders and anticipate their arrival. By completing this task, you will update the inventory status in the spreadsheet for the ordered products.

Upon delivery confirmation of the ordered products, it is crucial to update the inventory status in the spreadsheet. This ensures accurate tracking of stock levels and enables efficient inventory management. By completing this task, you will update the inventory status in the spreadsheet once delivery is confirmed.

In this task, you will record the date of the inventory update to keep an accurate record of when the inventory was last updated. This information is valuable for analyzing stock trends and maintaining inventory accuracy. Complete this task by recording the date of the inventory update.