The Risk of Managing Inventory with One Excel Sheet

Date: 07.01.2025 The Supply Chainer:         

In many companies, inventory is often managed with a single, complex Excel sheet—an approach that only a few employees fully understand. This reliance on spreadsheets can create significant challenges, especially when it comes to optimizing stock levels, forecasting demand, and ensuring timely deliveries. Inventory management is crucial for streamlining operations, minimizing excess stock, and ensuring product availability, but managing it manually with Excel makes the process prone to inefficiencies and costly mistakes.

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