Inventory List template

Inventory is a list of goods and products held in stock by a business, they are held in order to manage the fact from the customers that there is a delay from supplier/manufacture. Business and store owners need to know precise number of items available in storage (in inventory) an any given time, so they could place orders and control losses.

Term ‘inventory’ can refer to total amount of goods and products in storage or to act of counting those goods. Companies usually take inventory of their supplies on a regular basis running out of most wanted items. Inventory list can be take every quarter in order to generate tax and financial report, but typically main point of inventory for companies is to meet current orders without shortage.
Time lag present in supply chain, from supplier to every user at time and place he needs, is main reason inventory should be held.
Supply chain starts from stores requesting stock to head office, they issues purchases orders to vendors, who then ship products to warehouse, who distribute goods to stores from which are sold to end users.

Managers of big manufactories need to know exact number of raw-material in order to know how many units they can provide for customers.

High amount of inventory for long periods of time is not a good thing for a company because of storage cost and spoilage costs. However, possessing too little inventory isn't good either, because business can run out of popular items and loss percent in market share. Management of inventory forecast and strategies are necessary for every serious business and can help to minimize inventory costs.