A spreadsheet allows you to not only track inventory, but to keep a list of wholesale and retail prices to reveal your profit margin or markup on the product as well as the total inventory value.

Update your spreadsheet daily, weekly or monthly, depending on how often you sell your products. Inventory costs have two major elements: ordering costs and carrying costs.

Have no fear: a company called Vertex42 offers a free Home Inventory spreadsheet. It’s provided in XLS format, meaning you should be able to open it in any spreadsheet program on the planet.

There’s a fine balance to be struck between having enough inventory to keep customers happy and keeping your resources from becoming bloated. If you’re still using inventory management ...

With a little time, typing and easy-to-use software, you can quickly see your financial picture much more thoroughly and better plan for the future.

As supply chain pressures intensify and labor shortages persist, even unconventional solutions are getting serious consideration ...