My supervisor isn’t very tech-savvy, but since I’ve created some basic spreadsheets previously, she believes I’m proficient with them. I need a comprehensive spreadsheet for managing inventory at a hotel, capable of monitoring both sales and stock levels within a single document. It should track daily inventory changes for items, as well as updates for the storage inventory.
Excel has been pretty effective in managing inventory for my medium-sized hotel. I use a combination of tables and formulas to automate many tasks. First, set up different sheets for various categories of items, like room supplies, food and beverages, and maintenance. This helps keep everything organized. Within each sheet, include columns for item names, starting inventory, sales, stock added, and ending balance. Excel’s conditional formatting can be used to highlight low stocks, making it easier to monitor potential shortages. Additionally, consider using pivot tables to quickly summarize and analyze large amounts of data, providing insights into inventory turnover and helping make informed purchasing decisions.