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When the current inventory dips below (or is equal to) the reorder amount, Excel highlights that cell. With a quick glance, you can determine which items to order.
How to Set a Low Inventory Alert in Excel. Microsoft Excel software has a conditional formatting element that compares values between cells. This feature allows inventory clerks to set a minimum ...
Learn what Economic Order Quantity (EOQ) is and how it minimizes inventory costs. Discover its significance in maintaining optimal inventory levels and controlling cash flow.