In the world of e-commerce and inventory management, unnecessary warehouse fees can silently eat into your profits. The CNFANS spreadsheet provides a powerful yet simple solution to track storage duration and cost in real-time, giving you complete control over your warehouse expenses.
The CNFANS template is designed for clarity and ease of use. Before you begin, ensure you have the following information ready for each product or SKU:
Set up the columns accordingly in your spreadsheet to create a clear and comprehensive overview.
Use a simple formula to calculate how long each item has been in storage. For example, in a column labeled "Days in Storage," you can use a formula like =TODAY() - [Date Received Cell]. This auto-updating calculation shows you exactly how many days each SKU has occupied space, allowing you to identify slow-moving inventory quickly.
This is the core of minimizing fees. Create a column for "Accumulated Storage Cost." By multiplying the "Current Quantity," "Days in Storage," and your "Storage Fee Rate," the spreadsheet automatically calculates the total cost incurred for each item. This real-time financial snapshot highlights which products are becoming costly to store.
Go beyond simple tracking by using your spreadsheet's Conditional Formatting feature. Set up rules to automatically highlight rows that meet certain criteria:
This visual system instantly draws your attention to problematic inventory that requires action, such as a sales promotion or disposal.
The CNFANS spreadsheet transforms warehouse management from a reactive cost center into a proactively managed asset. By leveraging real-time data on storage duration and cost, you gain the insights needed to make smart, timely decisions. This disciplined approach directly minimizes unnecessary warehouse fees, protects your profit margins, and optimizes your entire supply chain for greater efficiency and profitability. Start using your CNFANS sheet today and take command of your storage costs.
