ReSell Inventory Tracking & Management Systems
If you want to start a reselling business, at some point you’re going to ask the question: How do you keep track of resale inventory? But, Do you know How to make an inventory tracker? And How to Keep Track of Inventory Accurately? Don’t worry you can Organize Your Reselling Business With This Easy Inventory System. This is My Spreadsheet For Tracking Reseller Inventory & Creating SKU Numbers COMPLETE INVENTORY SYSTEM Management tutorial! And, EXACTLY How I Keep Track of My Numbers as a Reseller!
Also if you’re wondering “Is there a free inventory management system?” YES, I’ve included the 7 Best Free Inventory Management Software Systems, Apps, Websites, etc… that provide Easy Inventory Tracking for Resellers! This is A Beginner’s Guide for How To Track Inventory in 5 Steps Including Tips for ReSellers!
How to Keep Track of Resell Inventory Accurately
As a reseller, one of the most critical aspects of your business is keeping track of your inventory. Accurate inventory management ensures you know what you have, what you need to order, and how much you’re making from each item. Here’s a comprehensive guide to help you keep track of your resale inventory effectively.
First and foremost, accurate inventory tracking involves keeping detailed records of each item you sell. You’ll want to track:
- Item Description
- Unit Price
- Unit Cost
- Number of Units
- Supplier
- Category
- SKU
- EAN/UPC
- Notes
Using a combination of a spreadsheet and inventory management software can make this process seamless.
How I Keep Track of My Numbers as a Reseller
As a reseller, I use a combination of spreadsheets and inventory management software. My system includes:
- A Master Spreadsheet: This is where I track all the essential details about my inventory.
- Inventory Management Software: I use a free app on my phone, available for both Apple and Android, which helps me manage my inventory on the go. The app allows me to download a spreadsheet of my inventory, which I update regularly.
Easy Inventory Tracking for Resellers
For beginners, a simple spreadsheet can be incredibly effective. Here’s how to set up your own inventory tracker:
- Create a Spreadsheet: Open Excel, Google Sheets, or any other spreadsheet software.
- Set Up Columns: Add columns for Item Description, Unit Price, Unit Cost, Number of Units, Supplier, Category, SKU, EAN/UPC, and Notes.
- Enter Your Data: Input the details of each item you have in stock.
- Update Regularly: Make sure to update your spreadsheet whenever you add new inventory or make a sale.
Organize Your Reselling Business With This Easy Inventory System
An organized inventory system can significantly streamline your reselling business. Here’s a step-by-step guide:
- List All Items: Start by listing all the items you currently have in stock in your spreadsheet.
- Categorize Your Items: Group your items into categories (e.g., electronics, clothing, accessories).
- Assign SKUs: Create a unique SKU (Stock Keeping Unit) for each item to simplify tracking.
- Track Sales and Restocks: Regularly update your spreadsheet to reflect sales and restocks.
- Review Regularly: Periodically review your inventory to identify best-sellers and slow movers.
My Spreadsheet For Tracking Reseller Inventory & Creating SKU Numbers
I use a customized spreadsheet to track my inventory and create SKU numbers. This spreadsheet helps me stay organized and ensures I can quickly find information about any item in my stock. The spreadsheet includes columns for all the essential details mentioned earlier and allows for easy sorting and filtering.
Creating an Resell Inventory Tracker Spreadsheet
To create a comprehensive inventory tracker, your spreadsheet should include:
- Item Description: A brief description of the item.
- Unit Price: The price at which you sell the item.
- Unit Cost: The cost of acquiring the item.
- Number of Units: How many units you have in stock.
- Supplier: Where you sourced the item from.
- Category: The type of item.
- SKU: A unique identifier for the item.
- EAN/UPC: The item’s barcode number.
- Notes: Any additional information.
| Item Description | Unit Price | Unit Cost | Number of Units | Supplier | Category | SKU | EAN / UPC | Notes |
7 Best Free Inventory Tracking & Management Systems for ReSellers
If you’re looking for software to assist with inventory tracking, here are seven of the best free options:
- Zoho Inventory
- Square for Retail
- Sortly
- Odoo
- inFlow Inventory
- ABC Inventory
- Stockpile
These tools offer various features that can help you manage your inventory more effectively without breaking the bank.
Is There a Free Resell Inventory Management System?
Yes, there are several free inventory management systems available, such as those listed above. These systems can help you keep track of your inventory without incurring additional costs.
You can do this with a spreadsheet which I recommend, but also with the help of an app on your phone! They make Inventory Management Phone Apps for both Apple & Android. (I personally have only used this Apple one and can even download a spreadsheet of my inventory in my app — they have free and paid versions: I usually can get by with the free 😉
How To Track Inventory in 5 Steps (Including Tips for Resellers)
- Set Up Your System: Choose between a spreadsheet or inventory management software.
- Input Initial Inventory: Enter all current inventory into your chosen system.
- Record New Stock: Each time you receive new inventory, add it to your system.
- Track Sales: Deduct items from your inventory as they sell.
- Regular Audits: Perform regular audits to ensure your records match your actual inventory.
Keeping track of your inventory is crucial for the success of your reselling business. Whether you use a simple spreadsheet or a more advanced inventory management software, the key is to stay organized and consistent. By following the steps and tips outlined in this guide, you can effectively manage your inventory and maximize your profits. Always keep track of your inventory! Utilizing a combination of spreadsheets and apps, you can ensure your reselling business runs smoothly and efficiently.
Related:
- How do you keep track of resale inventory? (How to Keep Track of Inventory Accurately)
- How To Keep Track of Inventory: A Beginner’s Guide
- 7 Best Free Inventory Management Software
- Is there a free inventory management system?
- How To Track Inventory in 5 Steps (Including Tips) Here’s How to make an inventory tracker?
- Easy Inventory Tracking for Resellers
- How I Keep Track of My Numbers as a Six Figure Reseller
- Organize Your Reselling Business With This Easy Inventory System.
- My Spreadsheet For Tracking Reseller Inventory & Creating SKU Numbers COMPLETE INVENTORY SYSTEM
#Resell #Resale #ResellingBusiness #ResellerBusiness #Flipping #RetailArbitrage #OnlineBusiness #BusinessIdeas #Profitable #Entrepreneur #ResellerTips #ResellingTips #Reselling #Inventory #InventoryManagement #InventorySolutions #inventorymanagementsystem #inventorymanagementsoftware #inventorycontrol