Inventory Management Tool Kit

Description

This tool kit is designed to assist you and your team with managing your inventory and includes how to determine if you have excess inventory in total or by item and what should be a “re-order” point for an item in your inventory.

• Excess Inventory Calculator: This tool in Excel can help you determine the amount of excess inventory you have on hand
• Re-order Point (ROP) Inventory Calculator: This calculator in Excel can help you evaluate your re-order point for a particular item in inventory.  It is helpful to know your re-order points to determine a minimum and maximum amount of inventory that you and your team feel is appropriate for the business