How To Track Inventory In Excel With A Color-Coded Reorder System
You do not need accounting experience or a complicated software setup to stay on top of inventory. If your shelves, bins, or product counts are getting harder to manage, a color-coded Excel tracker can give you instant clarity on what is in stock, what is slipping low, and what needs to be reordered next.
This guide shows absolute beginners how to build a simple, visual inventory tracker in Excel that flags low stock before it becomes a problem.
According to Wasp Barcode Technologies, 43% of small businesses either do not track inventory or use manual methods such as spreadsheets, which increases the risk of errors. (Industry Research). That's why we put together this guide to the best how to track inventory in excel options that actually work out of the box.
Trusted by 97+ professionalsAll How To Track Inventory In Excel Options at a Glance
Inventory Tracker
Track stock levels, SKUs, locations, and quantities in real time. Automatic reorder point alerts.
Warehouse Location Manager
Map inventory to warehouse bins, racks, and zones. Quick lookup for picking and restocking.
Stock Reorder Calculator
Calculate optimal reorder points based on lead time, daily usage, and safety stock.
Product Movement Log
Track every stock-in and stock-out with timestamps, quantities, and reasons.
ABC Analysis Template
Classify inventory by value: A items (high value), B (medium), C (low). Focus resources on what matters.
Dead Stock Report
Identify slow-moving and dead stock items that tie up capital.
Multi-Location Inventory
Track stock across multiple warehouses or store locations from one spreadsheet.
In-Depth Reviews
Inventory Tracker
Track stock levels, SKUs, locations, and quantities in real time. Automatic reorder point alerts.
Best for: E-commerce sellers, warehouse managers, retail businesses
Warehouse Location Manager
Map inventory to warehouse bins, racks, and zones. Quick lookup for picking and restocking.
Best for: Warehouse operations teams
Stock Reorder Calculator
Calculate optimal reorder points based on lead time, daily usage, and safety stock.
Best for: Supply chain managers and purchasing teams
Product Movement Log
Track every stock-in and stock-out with timestamps, quantities, and reasons.
Best for: Inventory auditors and quality control
ABC Analysis Template
Classify inventory by value: A items (high value), B (medium), C (low). Focus resources on what matters.
Best for: Operations managers optimizing inventory investment
Dead Stock Report
Identify slow-moving and dead stock items that tie up capital.
Best for: Retail and e-commerce businesses reducing waste
Multi-Location Inventory
Track stock across multiple warehouses or store locations from one spreadsheet.
Best for: Businesses with multiple storage locations
Start with just five columns: Item Name, SKU, On Hand, Reorder Point, and Reorder Status. Then use conditional formatting to highlight any row where On Hand is less than or equal to Reorder Point, so the warning appears automatically without extra math. This keeps the sheet simple enough for a beginner while still making it useful every day.
Why Ready-Made Beats DIY
Built-In Formulas
Calculations run automatically. No manual work, no formula errors.
Professional Design
Clean enough for client presentations and board meetings.
Works Everywhere
Compatible with Excel and Google Sheets on any device.
Multiple Variations
Different layouts for different use cases. Pick what fits.
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Start using within minutes of purchase. Zero setup time.
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Download 3,000+ Templates →Frequently asked questions
How do I track inventory in Excel with a color-coded reorder system?
Start with templates that already contain the formulas and formatting you need, so you are entering data rather than building structure. The templates covered in this article are part of the ExcelSheetsPro library of 5,000+ ready-to-use Excel and Google Sheets templates, all editable and compatible with both applications.
Do I need Microsoft Excel to use these templates?
No. Every template works in Microsoft Excel and in Google Sheets, which is free to use in any browser. Open the file, enter your data, and the built-in formulas handle the calculations.
Is this a subscription?
No. It is a one-time payment with no recurring fees. You get lifetime access to the online library and free updates as new templates are added.
How do I receive the templates after buying?
Instantly. You get an immediate download after checkout plus a lifetime online library account, so you can re-download any template whenever you need it.
Can I edit the templates?
Yes. Every template is fully editable. You can change categories, labels, formulas, colours and layout to match how your business works.
Can I use these templates for client or commercial work?
Yes. The templates can be used for your own business and for client work.
What if the templates are not right for me?
Every purchase is covered by a 7-day money-back guarantee. If they are not what you needed, contact support at info@excelsheetspro.com and you will be refunded.
ExcelSheetsPro Team
Business Productivity & Spreadsheet Experts
The ExcelSheetsPro team creates professionally designed Excel and Google Sheets templates used by thousands of businesses worldwide. With expertise in finance, project management, HR, and business operations, we help professionals save time and make better decisions with structured, reliable spreadsheets.
