Inventory distortion — stockouts and overstocks combined — costs global retailers $1.77 trillion per year, according to IHL Group research. This Inventory keeps you in the middle: the right stock, at the right level, always visible.

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

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.

Does this integrate with my sales platform?

Not automatically, but most sales platforms export orders as CSV. Paste daily or weekly sales exports into the movement log and stock levels update from there.