Managing Inventory in Excel can Result in Disaster

Managing Inventory in Excel can Result in Disaster  - http://www.waspbarcode.com Avatar Posted by MikeWasp under Finance
From http://www.waspbarcode.com 2482 days ago
Made Hot by: meganG on December 10, 2013 6:00 pm
Is Excel truly meeting your inventory management needs? Small businesses, with a small staff and a small amount of inventory, may successfully use Excel. However, as a business grows, the limitations of Excel become very real obstacles. Moving to a more efficient, cost effective inventory management system eliminates the negative effects of inaccurate inventory counts. These widespread, negative effects impact your profit and your customers’ experience. There are two, broad Excel limitations: data entry inaccuracy and forecasting inadequacy.





Comments


Written by tiroberts
2478 days ago

Yeah I agree. Excel isn't the best way to manage inventory. Thanks for sharing your options.



Written by bsutter
2481 days ago

Thank you for your comment



Written by joaniemann9
2482 days ago

Great article. Far too many business owners find themselves “behind the ball” due to not having the information they need to make business decisions. Excel isn’t the right solution for managing a lot of information and trying to keep the data up to date (which makes the data useful and relevant)



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