Description
If you buy raw materials and convert them to products by assembling or manufacturing, then you can use this template to manage the inventory of products and raw materials. You can also create orders and print invoices.
HIGHLIGHTS
- Manage inventory at a manufacturing/assembly business.
- Automate inventory calculations of raw materials based on products.
- Choose whether you hold manufactured goods or not (at the product level).
- Know the current inventory levels of each product and raw material.
- Identify the products and raw materials to be re-ordered.
- Print automatically created invoices.
- Easily understand the sales and purchase patterns.
- Identify your best-performing products.
- Know how different product categories contribute to sales.
- Easily retrieve and view your order details
PRODUCTS
- Can track Re-order points
- Tax Rates can be provided at the product level.
- Hold Product as Finished Good?: The template can handle two different scenarios.
- Enter No if you buy raw materials from suppliers, receive customer orders and manufacture products and sell them.
- Enter Yes if you buy raw materials from suppliers, manufacture products and hold them, and sell them to customers when you receive orders.
In the first scenario, you are not holding finished goods. In the second one, you are.
RAW MATERIALS
Enter list of raw materials in the RAW MATERIALS sheet. Each line should be a separate raw material.
MANUFACTURING DETAILS (Bill of Materials BOM)
Enter details on how raw materials are converted to products.
In the image below, please see rows 1 to 3. You can see that 1 Banana, 5 Strawberries and 10 Blueberries are needed to make 1 unit of Banana Berry Shake (L).
See rows 4 and 5. 2 Apples and 2 Bananas are needed to make Apple Banana Shake (L). The Excel template can now understand how inventory needs to be calculated for raw materials and products.
PARTNERS
Enter Partners’ (Suppliers and Customers) information in the PARTNERS sheet. This will be used in invoice later.
ORDERS
Enter the list of orders in the ORDERS sheet. Each line represents an order.
- 3 ORDER TYPES
- Purchase Order: When you place an order to acquire raw materials from suppliers.
- Sale Order: When your customer places an order to buy products from you.
- Mfg Order: When you manufacture goods and store as finished goods, choose Mfg as Order Type. If you don’t hold finished goods inventory, please do not use Mfg order type.
ORDER DETAILS
It’s easy to enter the order line items.
- Can handle the scenarios where the inventory Expected Date is different from the Order Date.
- For Purchase and Mfg orders, this is the date when the inventory becomes available for you to sell.
- For Sale orders, this is the date when the inventory will leave you to the customer.
- Can handle discounts at the product level
INVENTORY LEVELS
You can instantly view overall current inventory levels (Products available, Quantity and also number products to be re-ordered).
CHECK INVENTORY AVAILABILITY
You can see availability of any product by selecting it from the drop down menu.
PRODUCT REPORT
View the product report (fully automated) which provides all the inventory information at the product level.
RAW MATERIALS REPORT
View the report (fully automated) which provides the inventory information for each raw material.
INVOICE
Enter Order Number to create the invoice. Amount calculations, Tax calculations and discounts will be automatically handled by the template.
You can customize the invoice with the following
- Choose whether to display discounts or not.
- Choose to display Custom Column in Order Details
- Choose to display one or two custom columns from Partners sheet.
You can change the logo easily by right clicking on the image and changing picture.
SALES REPORT
Sales report (fully automated) allows drilling down into the purchase and sales trends overall and also for each product or category.
Purchase and Sales (Qty and Amounts) in the last 36 months.
Amount contribution % by product category
Identify the top 10 products by Sales Amount
