In this Excel video tutorial, Let’s set up an inventory management system to track product inflows and outflows, and automatically generate a purchase list for items with stock levels below the configured minimum threshold. We gonna see how to create a stock management control in Excel with Purchase Item List | Inventory Excel Template
I need to set up a minimum stock alert. Whenever an item’s quantity in stock falls below the required level, it will be added to a shopping list to notify me of the need to restock.
We can manage an inventory with a variety of items. The inventory operates based on stock inflows and outflows. When an item is added to the inventory, the stock increases; when an item is taken out, the stock decreases. This difference between inflows and outflows is referred to as the current stock balance.
Each item has a minimum stock level or safety stock, which serves as a threshold to alert us when it's time to reorder or to ensure there’s a comfortable amount available in stock.
We can use pivot tables to help us create the automatic shopping list.
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