BizSugar.com › Finance › Managing Inventory in Excel can Result in Disaster

Is Excel truly meeting your inventory management needs? Small businesses, with a small staff and a small amount of inventory, may successfully use Excel. However, as a business grows, the limitations of Excel become very real obstacles. Moving to a more efficient, cost effective inventory management system eliminates the negative effects of inaccurate inventory counts. These widespread, negative effects impact your profit and your customers’ experience. There are two, broad Excel limitations: data entry inaccuracy and forecasting inadequacy.