Running a successful HVAC business requires careful planning and execution. A critical part of this process is keeping track of your inventory. This article will provide you with an HVAC inventory management spreadsheet to help keep track of your stock.
What Is Inventory Tracking?
Inventory tracking is monitoring HVAC inventory levels, orders, and shipments to ensure that your business has the right products in stock. It also involves keeping track of inventory costs so that your business can make informed decisions about your inventory levels.
Importance of Keeping an HVAC Inventory List
The importance of keeping an accurate HVAC inventory list cannot be overstated. An up-to-date inventory list helps keep track of your stock, avoid overstocking or understocking, and make informed decisions about your HVAC inventory levels. It directly impacts the profitability of your HVAC business.
To keep your inventory accurate, you will need to track HVAC inventory levels on a regular basis and update the HVAC inventory list accordingly. This can be done manually or with HVAC inventory management software.
Elements of an HVAC Inventory List
A typical HVAC inventory list includes the following information:
- Product name
- Description (including model/identifying name)
- SKU (stock keeping unit)
- Quantity on hand
- Reorder level
- Unit cost
- Total cost
Typical HVAC Inventory
The following are examples of common HVAC inventory items that you’ll want to track:
- Filters
- Thermostats
- Controls
- Valves
- Controllers
- Circuit Boards
- Temperature Sensors & transmitters
- Pressure Switches
Any tools, products, and equipment that you provide to your HVAC team of technicians requires tracking. Your technicians will constantly receive emergency calls and, when a client requires a replacement part or new HVAC equipment, you want to ensure that parts and equipment are available to complete all repairs. If you don’t keep stock on hand, HVAC projects may go to your competitors as a result. Our HVAC inventory tracking spreadsheet template will help you maintain your equipment and supply levels as needed.
Benefits of HVAC Inventory Management Software
There are many benefits of using HVAC inventory management software, including:
- Eliminating the need to track HVAC inventory levels manually
- Improving HVAC inventory accuracy
- Reducing HVAC inventory costs
Since inventory directly impacts the company’s ability to turn a profit, you want to make sure that the inventory report is always accurate.
Inventory tracking is important for all businesses, but especially for HVAC businesses. A well-organized inventory list can help you keep track of your stock, avoid overstocking or understocking, and make informed decisions about your HVAC inventory levels.
The following spreadsheet template can help you track the typical HVAC inventory items that are common in most businesses. The template includes fields for product name, description (including model/identifying name), SKU (stock keeping unit), quantity on hand, reorder level, unit cost, and total cost.
By tracking your inventory levels with this spreadsheet template, you can improve the accuracy of your inventory reports and make better decisions about your HVAC inventory. This template can also help you reduce HVAC inventory costs.
Use Our Template
Since inventory directly impacts the company’s ability to turn a profit, you want to make sure that the inventory report is always accurate.
Inventory tracking is important for all businesses, but especially for HVAC businesses. A well-organized inventory list can help you keep track of your stock, avoid overstocking or understocking, and make informed decisions about your HVAC inventory levels.
The following spreadsheet template can help you track the typical HVAC inventory items that are common in most businesses. The template includes fields for product name, description (including model/identifying name), SKU (stock keeping unit), quantity on hand, reorder level, unit cost, and total cost.
By tracking your inventory levels with this spreadsheet template, you can improve the accuracy of your inventory reports and make better decisions about your HVAC inventory. This template can also help you reduce HVAC inventory costs.
Conclusion
Keeping an accurate HVAC inventory list is crucial for running a successful HVAC business. HVAC inventory management software can help your HVAC business save time and money by automating the HVAC inventory tracking process. Use our HVAC inventory management spreadsheet template to get started.