Bin Cards for Inventory Definition, Sample & Format Template

Bins & Bin cards Definitions

Bins:-

Bins are used for storage of material. Each Bin is assigned a reference number, known as Bin number and one bin is used to store one specific material. Bins facilitate easier storage and identification of material.

Bin Cards:-

Bin Cards are made for individual items and kept along with the item. Bin Cards are updated on any receipt or issue of material. Bin Cards record the following:

• Product Code 
• Product Name 
• Opening Quantity 
• Quantity Received 
• Quantity Issued and 
• Closing Stock at any time during the year

Sample Format for Bin Card  is available here with separate Columns for  Receipt Qt, Issue Qt, Balance Qt & Order Qt.