How to Track Inventory Stock In & Stock Out Automatically in Excel - Automate Inventory List
Track inventory stock-in and stock-out automatically in your inventory list in Excel. To automate stock tracking, we'll build on the basic inventory list template we created in the Create & Track a Basic Inventory List in Excel video. We’ll enhance the basic inventory list template by adding automation for stock tracking, setting up a stock transactions tracker, and creating a variance tracking tab for your physical inventory audit counts. This system will help you streamline your inventory management in Excel and stay on top of your stock levels efficiently.
Also learn how to set up Pivot Tables, Slicers, Timelines, Drop-down lists, and special formulas. Here is the formula used on the Master Inventory sheet to auto updated Quantity in Stock from the Stock Tracker sheet:
=SUMIFS('StockTracker'!E:E, 'StockTracker'!B:B, A4, 'StockTracker'!D:D, "Stock In") - SUMIFS('StockTracker'!E:E, 'StockTracker'!B:B, A4, 'StockTracker'!D:D, "Stock Out")
Get a jump start on this project with my automated inventory template that we create and use in this video, available for purchase: https://creatoriq.cc/44qUfjx
TIMESTAMPS ⏰
00:00 Create Inventory Stock Tracker in Excel
00:36 How to set up a stock-in and stock-out tracker in Excel
02:27 Set up a drop-down list in Excel
04:00 Set up a Pivot Table for Stock Transactions in Excel
05:15 Insert a Slicer for Pivot Table in Excel
05:50 Insert a Timeline for Pivot Table in Excel
06:24 Automating inventory quantity in stock updates in your master inventory list
09:21 Setting up a variance tracking sheet for audit counts
12:28 Analyze Inventory Data in Excel
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#ExcelInventory #AutomatedInventoryList #StockInStockOutTracker #ExcelTutorial #InventoryManagement #StockTracking #VarianceTracking
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