Tracking inventory was once a relatively simple task. This can be done in several different ways - from pen and paper, to computerized spreadsheets, and even automated systems. Inventory tracking is the recording of stock levels for each individual SKU across every location items are stored and sold in. We run through detailed instructions on how to do this via manual spreadsheets (and provide a free template), as well as when to start looking at an automated system. So this chapter of our guide covers the best practices in tracking inventory. It is therefore one of the most fundamentally critical aspects of overall inventory management. Inventory tracking is the art and science of monitoring stock levels and exactly where inventory is at any one time.
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