Many businesses that manage inventory choose to do so with an inventory spreadsheet. It’s a common tool used to get some basic information, like which items are in stock and which need to be re-ordered.
Many planners export data from their ERP and drop it into Excel, which seems like a solid workflow and a good use of that data. But if you don’t know exactly what’s in that spreadsheet at all times, your inventory replenishment process is likely to be riddled with hidden costs. It’s time to see if your inventory spreadsheet actually adds up.