What Does The Term Inventory Mean?
It is regarded as the process of counting items. Inventory management involves keeping track of the goods, components, and raw materials that a business sells or utilises in its operations. You will surely use the free inventory stock excel file (ไฟล์ สต๊อก สินค้า excel ฟรี, which is a term in Thai) to make sure you have adequate goods on hand and to recognise when there is a shortfall.
- It gives a detailed explanation of the goods that are ready to be sold in the market, and it impacts the financial growth of an organisation.
- If there are various types of inventory, the main ones are raw materials and components, work, finished goods and maintenance and supplies.
- There are various procedures for counting and adding value to the inventory. It helps to track the goods accurately and handle them precisely.
Types Of Inventories
- Raw Materials
- WIP (Work In Progress)
- Finished Goods
- Safety Stock
- Packaging Materials
The company utilises raw materials to develop finished products. When the manufacturing gets completed, the raw materials cannot be recognised from the original ones. Components are much like raw materials but can be recognised when the finished product is ready. Finished goods are the items ready to be sold in the market.
MRO is inventory, and it helps to maintain the business properly. Work in Progress means that the product is not yet ready and is still in the process. Packaging materials are those which are used for packing any goods and products.
How To Manage Your Inventory Through The Phone?
You can easily handle the free inventory stock form (แบบฟอร์ม สต๊อกสินค้า ฟรี, term in Thai) with the help of your Android phone. There are various menus through which you can handle the process of inventory management. If your website page is connected to social media platforms such as Facebook, Instagram and Twitter, you can easily interact with them.
Your website page should include bills which can be both offline or online. Whenever you develop stock and generate a sale invoice, the system immediately removes that item from the stock. So you have to worry about that.
Your page must reveal more details of the bank account utilised for receiving money and delivery of products.
Your menu stock should show how many products are still available in the warehouse. You can add multiple products as per the availability of the size and colour of the product. You can also download the details in an Excel stock file to obtain the data. You can use it to enhance the sales activities and plan something better for the future.