So, you might use it to predict inventory turnover for coming months - based on the inventory turnover values for previous months. With the right formulas, you can save yourself stress, time, and effort.įor example, you can use the Excel FORECAST function to predict data values based on existing values. You can use Excel to help monitor and manage various steps of the material handling process. Long story short: Microsoft Excel is NOT just for accountants. If you work in supply chain logistics, this handy tool can help you in a lot of ways, from creating inventory reports to measuring key performance indicators (KPIs) of your warehouse management. Does the thought of Excel spreadsheets make you cringe? It might be time to rethink your attitude on the tool.
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