Businesses with proper inventory tracking reduce carrying costs by 10 to 35%, according to APICS supply chain research. This Inventory is the tracking layer — product by product, location by location, updated in real time.

What’s inside this Inventory template

• Live stock level tracker — current quantity for every product updated in real time
• Reorder point alerts — cells change colour automatically when stock drops below your minimum
• Supplier details tab — lead times, minimum order quantities, and contact details in one place
• Stock value calculator — quantity multiplied by unit cost, totalled automatically

How to use this Inventory template

1. Click above to open the template, then make a copy to your Drive.
2. Set up your supplier details tab with lead times for each vendor.
3. Do a full stock count and enter the current quantities as your starting position.
4. Use the daily movement log to record every sale, return, and delivery.
5. Run a monthly variance check — compare system quantities to a physical count to catch discrepancies.

Why Google Sheets for Inventory?

Dedicated inventory software costs hundreds per month and often requires staff training before it is useful. This template is usable by anyone who can type a number into a cell — which means your whole team can manage stock from day one.

Frequently asked questions

Can multiple people update the inventory at the same time?

Yes. Share the link with warehouse staff, purchasing, and management. Changes appear for all users in real time with no version conflicts.

How do I set up reorder alerts?

Enter your minimum stock level in the reorder point column for each product. Cells change colour automatically when stock drops below that threshold — no formula editing required.

Can I track inventory across multiple locations?

Yes. Add a location column or create separate tabs per warehouse. A summary tab consolidates stock levels across all locations in a single view.