Katrina Ávila Munichiello is an experienced editor, writer, fact-checker, and proofreader with more than fourteen years of experience working with print and online publications. Inventory turnover ...

Have you ever found yourself scrambling to locate stock details or manually tracking inventory across endless spreadsheets? For many businesses, inventory management feels like a juggling act, one ...

Have you ever found yourself scrambling to find out which products are running low or when your next shipment is due? Managing inventory can be a daunting task, especially if you’re relying on ...

Microsoft Excel software has a conditional formatting element that compares values between cells. This feature allows inventory clerks to set a minimum number of units as they compare value for a ...

Critical inventory is the minimum amount of inventory you should have on hand. Knowing this number is crucial to running a business effectively, because you need to keep inventory costs as low as ...

Businesses can use the EOQ to figure out the ideal number of units they should order in order to keep costs low. Many, or all, of the products featured on this page are from our advertising partners ...

Running totals show how figures build over an extended period, one entry at a time, allowing you to see trends and patterns that raw data alone might not reveal. Creating running totals in Excel is ...