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1. #Inventory management for small business free how to
2. #Inventory management for small business free update

If anything improper happens to the data in the spreadsheet, it can cause serious problems and be difficult to fix and prevent in the future.Īnd finally, it is easy for errors to be made when typing numbers into a spreadsheet. In fact, it is virtually impossible to tell who made the change, so it may not be practical to track down the person who did it.

It is possible to set up passwords to protect workbooks and prevent unauthorized changes, but once a change is made and then the spreadsheet is saved and closed, it can’t be easily undone. Spreadsheets are not exactly well known for their security features. What happens when that individual gets sick, takes a vacation, or leaves the company? It could prove extremely difficult to find someone who can piece together exactly what was in the original creator’s head when navigating the spreadsheet.Īnother potential problem is data security.

#Inventory management for small business free how to

Since it was informally set up, there will not be any in-depth notes or other written documentation on how to use the spreadsheet or the creator’s intent when setting it up.

And that person will most likely be in charge of managing the spreadsheet and keeping it constantly up to date. Someone will have to decide what information to store and how to best format it. First of all, someone usually has to create the spreadsheet from scratch. There are several key disadvantages to this system.

#Inventory management for small business free update

It is possible to manually update inventory quantities when items are sold, scrapped, or used and when new orders are received into the warehouse. A small business can use a spreadsheet to handle much of their inventory information because their inventory management requirements are fairly small compared to medium-size businesses and larger enterprises. An inventory management spreadsheet can be used to store inventory data, including details on vendors, reorder points, quantities in stock, quantities to reorder, and more. Microsoft Excel is a great tool for organizing information and storing it in a comprehensible manner. Spreadsheetįirst, we will talk about spreadsheets. That way, you can see whether or not these are a good idea to consider. Let’s go down the list of three free inventory management systems that you can use in your business, and we will discuss each one’s strengths and weaknesses. There are many hidden costs that come with attempting to implement a free inventory management system. We get what we pay for, and inventory management is no exception to this rule. It is possible to get free inventory management, but it often comes at a heavy price. If there is no cost, it must be quite economical. Free inventory management sounds like a great idea.