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Microsoft Excel® Guide for Inventory Management

Learn to utilize Excel® to effectively manage and control inventory.

Organizations today are still challenged to manage and control their inventories. This impacts on-time customer deliveries, expedited purchases, longer work-in-process 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 organization's 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.

Runtime: 93 minutes
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Inventory Management and Control

  • Terminology Defined
  • Critical Impact of Inventory on the Organization's Bottomline
  • The Real World of Inventory Management
  • How the Use of Excel® Spreadsheets Impacts the Integrity of Inventory
  • Excel® and Inventory Management Working Together

Excel® Functions for Inventory Control

  • A Little Bit on Excel® and Its Virtues
  • Case Examples in Using Excel® in Managing Inventory
  • Principles of Microsoft® Excel®

Steps in Creating Inventory Spreadsheets

  • Making a List in Excel®
  • Creating a Template
  • Making Changes to Inventory System

Microsoft's® Basic Inventory Control Spreadsheet

  • The Math
  • Ranking
  • Data
  • Auditing

Best Practices in Using Excel®

  • Seven Basic Tips for Success in Inventory Control Using Microsoft® Excel® Spreadsheets
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on November 1, 2019.

Call 1-866-352-9540 for further credit information.

  • CPIM/CFPIM/CSCP 1.0
     
  • This program may qualify for 1.0 certification maintenance points toward the CSCP, CPIM and CLTD designations through The Association for Operations Management.
     
  • ISM 1.5
     
  • Participants who successfully complete this program will receive 1.5 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Marilyn Gettinger

Marilyn Gettinger

New Directions Consulting Group

  • Owner of New Directions Consulting Group
  • Developer and presenter of programs that educate participants on how to improve supply and logistics processes
  • Has been teaching logistics including exporting and importing for Union and Middlesex County Colleges as well as for the County College of Morris for several years
  • Her global and supply chain courses have also been brought in house in organizations and has presented for several of the big freight forwarding companies located in the New Jersey area
  • Her supply chain management programs include a focus on global sourcing and logistics along with the successful management of the importing and exporting processes
  • Has spoken on capturing total landed costs in a global environment at conferences held by the Association of Supply Chain Management (APICS)
  • Conducts regular seminars and workshops on supply chain management including logistics, supply management logistics, inventory management, importing and exporting
  • Author of Supply Chain Management and Total Cost of Ownership
  • Member of APICS and Director of Education of the Institute for Supply Management-New Jersey Affiliate
  • Can be contacted at [email protected] or 908-709-0656
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 406508
Published 2019
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