Using an inventory tracker Excel template helps you keep track of items in your inventory, including their quantity, cost, status, and location. It allows you to monitor your inventory levels, which helps you avoid running out of items or overstocking.

An inventory template is a pre-designed document or spreadsheet that helps businesses organize and manage their inventory levels, track stock movements, and optimize inventory processes. The primary purpose of an inventory template is to provide a structured framework for recording and analyzing inventory data.