EXCEL SOLUTIONS

Flag stock to reorder and value your inventory

Spot items at or below their reorder level and find the value of what you hold.

BeginnerOperationsAbout 6 minutes

Sample data

RowABCDE
1SKUItemOn handReorder levelUnit cost
2A-100Hinge 40 mm120500.8
3A-110Bracket set18304.2
4A-120Oak board61022
5A-130Zinc pin3001000.15
6A-140Door handle9127.5
Stock levels (fictional) Row 1 holds the headings. All data is fictional. Dates are year-month-day.

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Steps

Each formula is already filled in and calculated. Edit it and press Run to try your own version. Nothing is saved or uploaded.

  1. Is the bracket set at or below its reorder level?

    ResultTRUE

  2. Turn that into an action.

    ResultReorder

  3. Value of the bracket set in stock: quantity times unit cost.

    Result75.6

  4. Value of everything on hand.

    Result416.1

  5. How many products are below 10 units?

    Result2

  6. How many boxes of 12 can you fill from the hinges?

    Result10

What to remember

Compare on-hand with a reorder level, then let IF write the action. Add a filter on the column and you have a purchase list.

Formulas used

IFSUMPRODUCTCOUNTIFINT

Tools that help

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