Inventory control is a crucial part of every industry. Inventory control of Apparel, textile, and fashion industry must keep inventory in their warehouse/store. Inventory control is called stock management which saves cost, time and increases the work efficiency of your warehouse.
Inventory control can be defined as a list of in housed, unsold, and unshipped goods in an organized way at the same time; balance quantity, booking quantity, shipping quantity everything I mean the real status of stock/selling/shipping/moving goods.
Inventory control in Apparel and Textile Warehouse
Proper inventory control in the apparel and textile warehouse will ensure market competitiveness in the international market.
Goods in the warehouse can be placed in three ways
- Raw material, to be inputted for products bought from another company
- Work in progress, production is running
- Finished goods, waiting for delivery to buyer’s destination
Maintaining Database for Inventory in Textile and Garments Industry
For controlling your inventory, you have to maintain a proper database and recording system so that you can monitor the inventory status continuously. Two common practices of maintaining inventory report you may find in the apparel industry:
- Excel database
- ERP (Enterprise resource planning) software.
For small organizations buying ERP software is sometimes creates extra burden so my suggestion for them is to use an excel template which is totally from and available to download. We have developed an excel (inventory management) template for your convenience. Here is some free excel template ready to download.
- Fabric – Inventory Control (excel 148 kb)
- ACCESSORIES INVENTORY REPORT-2 (excel 42 kb)
- Inventory Report (Finishing Trims) (excel 1145 kb)
Benefits of Inventory
- Information transparency
- Save cost
- Increase efficiency
- Save time
- Data Management
- The beneficiary for all other departments
- Minimize Goods receive and delivery time
- Increase supply chain performance
- Knowing stock information at any time
- Organize store/warehouse
Factors of inventory report for Garments and Textile store/Warehouse
- Mention buyer name
- PO and style name
- Production name
- Product description
- Proforma invoice (PI) number of received goods
- Challan No
- Booking quantity
- Received quantity
- Balance quantity
- Delivery quantity
- Quality inspection status
- Due product
- Product moving log
- Shipment date
- Rejected quantity
- Store rack number
It is very helpful topic
for businesses that are looking to upgrade from Excel and adopt a more secure cloud and mobile-powered solution for Inventory Management in the textile industry, you can also explore simple to you ERP software company that is simple to use and provides great flexibility similar to ERP systems such as SAP and Ms. Dynamics.
We have used it for our engineering business and found it to be very powerful and useful.
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