- Reduce Inventory Errors
- Reduce Carrying Costs
- Reduce Out of Stock Inventory
- Increase Supply Chain Accuracy
- Improve Planning/Forecasting
- Optimize Fulfillment
- Streamline Production
- Number of Users
- Offline Access
- Cloud Based
- Order Management
- Sales Processing
- Customer and Supplier Data
- Barcoding & Scanning
- Real-Time Metrics
- Improved Warehousing
- Warehouse Management System (WMS)
- Product Lifecycle Management (PLM)
- Customer Relationship Management (CRM)
- Enterprise Resource Planning (ERP)
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2. Inventory Sheets
Clothing brands and fashion retailers used inventory sheets to make smart business decisions and to keep track of everything they made, bought and sold. If you are a small clothing business without a lot of stock, an inventory sheet can still help with budgeting and with knowing how much inventory you have and how much you will need.
For most competitive brands today, however, inventory management technology replaces the older, physical inventory sheet.
At its most basic, an inventory sheet is a spreadsheet where you record inventory levels and turnover. Inventory sheets range from basic to complicated, as different companies will track different things on them. Tracked information generally includes materials, supplies, inventory in transit.
A small apparel business can use an actual paper log to keep track of items. Small clothing manufacturers or jewelry makers can use basic inventory sheets to track materials and supplies as well.
However, manual spreadsheets are notoriously error-prone. And businesses with employees at more than one location need to be able to share a spreadsheet and collaborate in real time. That’s why growing clothing businesses usually end up giving up manual inventory practices for a more automated approach.
At its most basic, a free inventory spreadsheet template is a table with columns for you to fill in a record number/inventory number/Stock Keeping Unit (SKU), item description, purchase price, stock reorder level, quantity and location.
- Microsoft offers Excel templates that are user-friendly and that allow for some customization to fit your needs.
- Google Sheets is a good “in the cloud” alternative—perfect if you need to share access with co-workers and update your inventory sheet in real time.