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What is an inventory tracking template?

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Quick Answer

An inventory tracking template is a custom formatted spreadsheet designed to easily keep track of products, items, costs, stock and movement. It is a low-cost, easy alternative to using a complex inventory program, and can be customized for individual business needs.

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Full Answer

An inventory tracking template is built into an existing application such as Microsoft Access or Excel. Common fields on these templates include product code, product description, unit price, quantity in stock and inventory value. Users can add or edit fields and functions, or customize templates based on specific business requirements. Inventory tracking templates provide basic to advanced inventory control features and are ideal for small- to medium-sized businesses.

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