A user has 4 sheets in his workbook called:
1. Items List
2. Received List
3. Issued List
4. Stock on site
From the items list he would like to enter the serial number into the received list and issued list sheets and automatically get the item description and unit. This can be achieved easily using the Vlookup function and a named range from the items list..
The stock on site also displays the relevant item description and unit. The total stock from the received list minus the quantity from the issued list is automatically displayed using the sumif function.
Finally we use the conditional formatting feature of Microsoft Excel to highlight negative quantities in case we have issued more quantity than received.
Watch the training video below to learn how to solve an inventory problem in Microsoft Excel:
Download a sample file by clicking on the Excel icon: