What are the top 3 Google Sheets inventory management templates?
Many small businesses now use online inventory management software to help them efficiently manage and streamline their inventory processes.
However, investing in inventory management software can be expensive (and over-complicated)!
If you struggle with overstocking or understocking your inventory, a Google Sheets inventory template is the perfect budget-friendly, simple solution.
My top 3 Google Sheets inventory management templates are:
- Sheetify CRM inventory management template.
- Wise inventory management template.
- TradeGecko inventory management template.
Each of these templates were made to streamline your inventory management processes using Google Sheets, your favorite online spreadsheet solution!
What makes a good Google Sheets inventory template?
A well-designed Google Sheets inventory template can simplify and track inventory categories, stock levels, orders, shipments, item values, and more.
Some Google Sheets inventory templates also come with automated calculations and data validation rules to avoid errors.
Additionally, most templates allow you to create visual reports that give you a clear overview of inventory items, purchase orders, sales invoices, and more—all in one place.
Here’s what makes a good Google Sheets inventory template:
- Item Details: There should be a comprehensive list of item data, like product names, barcodes, SKU numbers, unit prices, sales prices, reorder times, and minimum order quantities.
- Clear Layout: The template should have a structured and user-friendly design with organized columns for quick data entry and easy navigation.
- Automated Calculations: There should be built-in formulas to save time and reduce the risk of human errors, making your data more accurate.
- Inventory Tracking: Real-time monitoring capabilities can alert you when it’s time to reorder stock.
- Customization & Conditional Formatting: The fields should be flexible, allowing you to adapt the template to your specific business needs. Color coding or formatting to highlight important data for quick access is also a plus!
- Vendor Information: There should be separate tabs for supplier details and other inventory-related information.
- Reporting Features: It should come with automated charts and reports to visualize inventory trends, stock levels, and future business operations.
A well-rounded Google Sheets inventory template can help you stay organized, save time, and ensure accurate tracking of your inventory, all while being easy to use and customize.
Top 3 Google Sheets inventory templates
Pre-built Google Sheets inventory templates can help you save time and reduce manual effort, making inventory management effortless!
With that said, let’s dive into the top 3 Google Sheets inventory management templates now.
1. Sheetify CRM inventory management template
While primarily a Customer Relationship Management (CRM) tool, Sheetify CRM also doubles as the best and most robust Google Sheets inventory management template!
This makes it the ideal solution for small businesses looking to streamline their customer interactions and inventory tracking within Google Sheets.
Sheetify CRM can essentially help you track and manage every aspect of your inventory.
In addition, Sheetify CRM eliminates the need for complicated data entry with a built-in Apps Script and pre-configured formulas.
The template's automation also links cells and data across all sheets within the Google Sheets ecosystem, creating a smooth and connected inventory workflow!
Sheetify CRM inventory management template key features:
- Inventory Levels: Keep tabs on your stock and easily manage product quantities.
- Order & Shipping Insights: Monitor your orders, identify shipping delays, and pinpoint bottlenecks in real-time.
- Purchases: Record and track purchase transactions efficiently.
- Transactions: Stay on top of every sale and purchase for accurate financial tracking.
- Integrated Data: Connect inventory to other Sheetify CRM sheets, like contacts, deals, and sales, to ensure consistency across your system.
- Effortless Product Tracking: Associate your products with specific customers, team members, or sales representatives.
- Dashboards: Check out your product performance to identify and track bestsellers, assess profitability, and make data-driven decisions to optimize your business.
Sheetify CRM is a budget-friendly, highly efficient inventory management solution for small teams, available for a one-time payment of $67.
Its simplicity and powerful features make it the ideal choice for teams needing a comprehensive yet easy-to-use inventory management system.
Without the steep learning curve or expensive subscription fees attached!
Sheetify CRM is the perfect solution for businesses that want to maximize efficiency and manage customer relationships and inventory effortlessly.
What else is possible with Sheetify CRM? Check out its entire feature set here!
2. Wise inventory management template
Wise (previously known as TransferWise) offers two free and customizable Google Sheets inventory management templates. These are as follows:
For the purpose of this article, I’ll be discussing the Wise Google Sheets inventory management template.
The Wise Google Sheets inventory management template is an excellent tool for small teams for several reasons.
Basically, you can simplify and optimize your inventory processes within one Google Sheets spreadsheet with just a few clicks!
This easy-to-use template features separate tabs for both inventory and vendor lists, making it a robust solution for managing stock and supplier information in one place.
Wise inventory management template key features:
- Inventory List: Track essential details such as quantity, price, item value, reorder levels, and reorder quantities.
- Built-in Formulas: Automatically calculate the current value of your inventory to help you gain real-time insights into stock levels and costs!
- Vendor List: Maintain a complete record of supplier information, including vendor names, contact details, email addresses, website links, product descriptions, and costs.
- Inventory Example: This pre-filled inventory list is essentially a useful guide to help get you started quickly.
- Total Inventory Value: The total inventory value row calculates the entire value of your inventory based on the inventory value column.
- Stock Tracking: Stay ahead of inventory shortages by monitoring your reorder levels and receiving alerts when it's time to restock.
- Centralized Data: To streamline your workflow and reduce the risk of errors, keep your inventory and vendor information in a single document.
Wise’s free Google Sheets inventory management template is an intuitive, cost-effective way to manage your small business inventory and vendor data.
3. TradeGecko inventory management template
TradeGecko’s free inventory management template is designed to simplify how you manage your inventory, purchases, and sales.
All within the familiar Google Sheets environment.
This template, with dedicated tabs for product details, sales, and purchase orders, helps you stay organized and streamlines the entire inventory management process!
TradeGecko inventory management template key features:
- Product Details Tab: Enter and track crucial data like item names, SKUs, original stock levels, reorder points, cost prices, markup, and more.
- Automated Calculations: Calculate important data like ‘stock on hand,’ ‘stock waiting to be received,’ and ‘orders waiting to be fulfilled.’
- Purchases and Sales Tabs: Record key information such as order dates, supplier or client details, shipping dates, quantities, and costs. These tabs also pull relevant data from the products tab, eliminating having to enter the same data multiple times.
- Reporting Tab: Generate inventory reports at the click of a button! Simply select a product name and timeframe from a dropdown menu to view total purchases, sales, and more, giving you a quick inventory snapshot.
- Export to TradeGecko: Move your data directly to the TradeGecko platform for a more in-depth analysis of your inventory and business operations.
This Google Sheets inventory management template is invaluable for teams looking to streamline their inventory process, track key data points, and make informed decisions.
All without the added stress, complexity, or high price point of dedicated inventory software!
Why inventory management is essential for your small business
Effective inventory management is crucial for businesses (no matter the size!) looking to balance supply and demand.
Without it, you may often find yourself overstocking inventory out of fear of running out or worse……losing sales due to stock shortages.
The key challenge? Maintain enough stock to meet customer demand while avoiding the high costs associated with excess inventory.
This is where an inventory management system—such as a well-organized Google Sheets template—is invaluable.
Inventory management helps you track and optimize stock levels, ensuring you have the right amount of products available at the right time.
By staying on top of your inventory with accurate, real-time data, you can:
- Minimize Costs.
- Improve Sales Forecasting.
- Boost Customer Satisfaction.
Ultimately, efficient inventory management helps you control costs, improve operational efficiency, and enhance the customer experience!
Whether you're a small business or a large retailer, having a streamlined inventory process is the key to business growth and success.
My favorite Google Sheets inventory template is Sheetify CRM. It’s simple, functional, collaborative, and affordable.
I highly recommend giving a Google Sheets template like Sheetify CRM a go. You won’t regret it!
