How to use vlookup & simple formula's for inventory
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This document discusses using Vlookup formulas in Excel for inventory management. It explains that Vlookup allows finding errors between sheets, saves time, and provides fast results. Examples are given of using Vlookup to update previous month closing values as current month openings, calculate closing quantities and values with basic formulas, determine weighted averages, and find product costs based on total receipt values and quantities. Step-by-step examples are included of the Vlookup formula and calculations for closing values, weighted averages, and product costs.
![Updating Previous closing & current
opening values
Step By Step Formulas :1. =vlookup(lookup_value,table_array,col_index
_num,[range_lookup])
QTY
VALUE](https://image.slidesharecdn.com/howtousevlookupsimpleformulasforinventory-131025064756-phpapp02/85/How-to-use-vlookup-simple-formula-s-for-inventory-5-320.jpg)
How to use vlookup & simple formula's for inventory
- 1. How to use Vlookup & simple (Excel) formula for inventory Transactions By Pavithra Ravindar http://freelearningfrompc.blogspot.in/
- 2. Purpose Of using Vlookup in inventory formula’s Sections: 1. Lesson into 2. Comparing Values 3. Matching Values 4. Extreme fast result
- 3. Why we need to use VLOOKUP Formula 1. Easy to find error’s from 1 sheet to 2 sheet 2. Time Management( we can reduce 80% of our time from using Vlookup function 3. Extremely fast & easy to check value results 4. Simple logic that works for whole inventory’s values
- 4. Example Inventory Formula & explanation 1. Updating Previous month closing Values in current month Opening values 2. Calculating closing values with simple formula 3. Calculating weighted average values 4. Find product cost with total value
- 5. Updating Previous closing & current opening values Step By Step Formulas :1. =vlookup(lookup_value,table_array,col_index _num,[range_lookup]) QTY VALUE
- 7. Calculating closing values with simple formula 1. Opening qty + receipt qty – issue qty = Closing Qty
- 9. Calculating weighted average values • Opening Value + receipt Value – issue Value = Closing Value
- 10. Find product cost with total value • Receipt value / receipt qty = product cost