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Welcome in this video we are going to talk about a new retail inventory track of Excel template this is a simple and effective way of managing retail businesses if you are getting started with the retail business where you buy products from your suppliers, and then you sell it to your customers then this template will be useful to you to manage your business and why would we need an inventory or sales management tool to manage this business the such a tool will help us answer these questions what is the current inventory level of each of the products that we have then should we place an order to our suppliers to replenish our inventory which products should be ordered and which products should we not are we being profitable as a business and who are the best customers and suppliers so that we continue to enhance and improve our relationship with those best customers and suppliers so here are some of the key questions that an inventory and sales management to a lot of software would help us answer there are several cloud-based software available to manage and maintenance sales however for most small and medium-sized businesses an Excel file would work because it is it allows you to get started quickly it allows you to be to customize it as needed as well as it's inexpensive and this is where I'm very excited to present a free Excel template that can help you manage your inventory and sales and this Excel template allows you to manage orders inventory it can also automatically populate the prices in your orders it can also handle changes in the prices over time and taxes can be set at the order level discounts can be set at the order level as well as the product level and then also fully automated and interactive reporting is available which will enable you to answer the questions that we previously talked about and so in this video I am going to walk through and do a demo off the template before we begin the demo there are a couple of articles or videos that I think would be helpful — one is a video on how to use Excel template from intercom the second one is about how to use Excel tables to enter data because we will be using Excel tables as our entry data entry method and so it's very important that you understand how the Excel table works, so now I'm assuming you're familiar with those, and I'm moving forward to the demo section now so this is our Excel template where I have filled in with some sample data just for the illustrating how the template works you can download a copy of the sample data as well as a blank file without any data so that you can start entering your own information and use it for your own purpose and both will be available for download for free from in Zurich Adam okay so now in this sample file we have some tips about how to use a template we also have a link to our article which will have detailed screenshots about how to use the template and the video so definitely please check that article out because that will...
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