Inventory templates

The Inventory Record template

The focus of the template is on the internal, organisational part of inventory control; that is, where – and when inventories are issued to internal, organisational units, such as manufacturing, sales or different departments responsible for production and/or sales. The template tracks not only the movement of inventories, but also commitments (when orders are placed) and cash flows (when payments are made). The reason for this is to add a budgetary planning – and control element to the reports generated.

Capital Budget template

This template allows the user to prepare budget estimates for a capital budget. It makes provision for the scheduling of up to 350 individual capital budget items. Budgeted cost is estimated by item based on unit cost and quantities estimated to be purchased.

The templates also allows the user to align the cost estimates to –

• Scheduled commitments (based on monthly cost estimates)

• Scheduled cash flows over a twelve month period (in monthly estimates).

• Accountability alignment (to up to 15 organisational units / divisions and fixed asset control centres).

• The life-cycle dimensions of asset planning.

The spreadsheet also makes provision for separate sheet that calculate --

• A quick analysis of the capital budgeting decision, with specific reference to the following methods: Future Value, Net Present Value and Internal Rate of Return

• The calculation of depreciation per individual item according to the straight-line depreciation method and the declining-balance depreciation method.

Inventory Budget

An inventory budget is a financial projection estimating how much capital a business needs to purchase, store, and manage its stock over a specific period. It outlines the optimal amount of goods to keep on hand to meet customer demand without overspending on storage or tying up vital working capital.

ABC Analysis

ABC analysis is an inventory categorization technique based on the Pareto Principle (the 80/20 rule), where inventory items are ranked according to their annual consumption value. It allows businesses to allocate resources efficiently by prioritizing the tightest controls on high-value products while applying looser oversight to inexpensive bulk items.