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Microsoft Excel Guide for Inventory Control

presented by Lorman Education Services
View the Lorman Education Services Profile and Course Listings

Summary

Microsoft Excel Guide for Inventory Control

Workshop Description/Agenda

Learning Objectives
Learning Objectives * You will be able to define inventory management, inventory control, and Excel tool. * You will be able to describe how to use Excel to support inventory. * You will be able to discuss how to implement Excel into inventory management and control. * You will be able to explain how to set up Excel spreadsheets to manage your organizations inventory.

Benefits
Learn to utilize Excel to effectively manage and control inventory. Organizations today are still challenged to manage and control their inventories. This impacts ontime customer deliveries, expedited purchases, longer workinprocess cycles, higher downtime, and wasted time and effort. The impact of misplaced, lost, and incorrect inventory due to the lack of the right inventory management tools has a significant hit on the organizations total cost of ownership. It is also a very difficult number to quantify. One tool that many have found a great boon to inventory management is the use of Excel spreadsheets. They help inventory planners get on top of inventory, its movement, storage, and transit. Using Excel reaps benefits and pays for itself time and again. Inventory management and control is all about knowing when to order, how much to order, and how to ensure inventory integrity. Excel supports all three of these efforts.

Agenda
Inventory Management and Control ï Terminology Defined ï Critical Impact of Inventory on the Organization's Bottom Line ï The Real World of Inventory Management ï How the Use of ExcelÆ Spreadsheets Impacts the Integrity of Inventory ï ExcelÆ and Inventory Management Working Together ExcelÆ Functions for Inventory Control ï A Little Bit on ExcelÆ and Its Virtues ï Case Examples in Using ExcelÆ in Managing Inventory ï Principles of MicrosoftÆ ExcelÆ Steps in Creating Inventory Spreadsheets ï Making a List in ExcelÆ ï Creating a Template ï Making Changes to Inventory System Microsoft'sÆ Basic Inventory Control Spreadsheet ï The Math ï Ranking ï Data ï Auditing Best Practices in Using ExcelÆ ï Seven Basic Tips for Success in Inventory Control Using MicrosoftÆ ExcelÆ Spreadsheets

Faculty
Marilyn Gettinger with New Directions Consulting Group

Credits
ISM ,CPE ,Additional credit may be available upon request.

Who Should Attend

This live webinar is designed for purchasing managers, material managers, presidents, vice presidents, business owners and managers, CFOs, controllers, accountants, contract administrators, and buyers.

Additional Information

Training Provider: Lorman Education Services

Course Topics: Purchasing / Procurement Training > Essentials

Training Course Summary: Microsoft Excel Guide for Inventory Control