![]() ![]() You’ll essentially be inputting the number of sales you made of a given product last year and using that data to make predictions about the year ahead. This is what you’ll be using to build your own sales projection forecast, and is critical if this template is going to be of any use for you. It can watched below:īefore we get into the nitty-gritty of our sales forecasting sheet, we want to flag up the following four words: PRIOR YEAR SALES DATA. Those who prefer a visual approach might like our video on this exact topic. We explore the various components of the forecasting sheet. Help you keep stocks above empty forever!.Provide a quick overview of your available and forecasted stock.Enable you to make clearer predictions about order costs.Right, let’s get into it! This inventory management template for Excel is designed to handle small to medium inventories. The ecommerce sales forecast template we discuss in this post not only makes forecasting inventory simpler, but it also helps you to make more accurate predictions about how much your orders will cost and when you should be placing them in the first place.įurther reading: Causes of Stock Discrepancies | Why Your Inventory Count is Off Our Inventory Forecasting Excel Template Otherwise, you may struggle to maintain your edge online. When asking yourself “how much inventory should I order?”, you should have the information you need ready to go. While we recommend inventory management software (IMS) when companies are ready for it, managing inventory in Excel is a very viable method for companies that aren’t ready for that yet. If you run out of stock – and even worse, if you’re then dealing with a 4+ month lead time – your prospective customers will simply look elsewhere. While there are a whole host of benefits to selling on sites like Shopify or Amazon, the intensity of the competition you’re facing is certainly something to navigate. Inventory stock out can be a real killer for ecommerce platforms. You might like to check out any of the following options for this:įurther reading: How to Choose Inventory Management Software How Much Inventory Should I Have? Why Inventory Management Matters ![]() It’s technically possible, but you’d be better served by using specialized software when you’re operating with such a diverse stock of products. If you stock hundreds or thousands of different products, this template will likely make you crazy – that’s simply too many products to handle in Excel. It is essentially a 12-month sales forecasting Excel template, and we use ourselves for our own ecommerce business but it’s important to mention that we don’t manage a staggering number of SKUs. This post links to our purpose-built inventory forecasting excel template. We can’t promise you’ll leave as an expert, but you should feel much more confident about your next steps! A Quick Note About Our Inventory Forecasting Excel Template In this post, we’ll cover inventory forecasting in Excel with our purpose-built template. While it’s not the easiest job for the books, it can be way simpler than you might expect. ![]() Let’s talk inventory forecasting! It’s one of those accounting topics that can feel insurmountable to our clients and potential clients alike. ![]()
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