11/29/2023 0 Comments Top 10 microsoft excel functionsThis is one way to help reduce transportation costs for your delivery services. With faster, more efficient routes, you can help drivers avoid time-wasters like traffic jams - cutting down on idling in traffic and reducing mileage. The software takes into account real-world data like traffic jams and road patterns to find the fastest routes for your drivers. You can use Excel templates to organize and find information, evaluate data, and improve capacity planning.īut Excel isn’t the only tool you should be relying on to streamline your work.Īnother handy piece of technology every logistics manager should know about: Circuit for Teams.Ĭircuit for Teams plans the fastest sequence of delivery stops for your delivery drivers. In addition to managing drivers, you have to manage details like making sure products ship on time in the right packaging and using the right shipping labels.Īny tool that can help make your life easier is a plus, right?Įxcel can help you save time and streamline your logistics and supply chain management. IF functionĪs a logistics manager, you have a lot to keep track of. If you don’t specify TRUE or FALSE, the default value will be TRUE (approximate match). =VLOOKUP(lookup value, range containing the lookup value, the column number in the range containing the return value, FALSE) =VLOOKUP(lookup value, range containing the lookup value, the column number in the range containing the return value, TRUE) You have the additional option of specifying whether you want an approximate match (TRUE) or exact match (FALSE), in which case your formula will look like this: =VLOOKUP(lookup value, range containing the lookup value, the column number in the range containing the return value) Here’s the basic VLOOKUP formula you’d enter into your Excel cell: Or, switch it around, and add the number of pieces of inventory you have for each inventory PLU to the inventory PLU list. You can use VLOOKUP to find the PLU for the relevant piece of inventory and add it to the inventory count list. Why might you use this function?įor example, say you have one spreadsheet that lists the price lookup (PLU) code for each type of inventory.Ī second spreadsheet tracks your inventory volume - how many pieces of each type of inventory you have. This lets you find and add a certain value in your Excel spreadsheet. Let’s start with something simple: VLOOKUP - short for “vertical lookup.” The good news? You don’t need to know all of them. In addition to supporting good capacity planning, Excel can help with tasks like organizing and finding information.īut there are literally hundreds of Excel functions in existence (seriously - check out this list from Microsoft for a full roundup). You can then use this information to improve your inventory planning, reordering products as needed. So, you might use it to predict inventory turnover for coming months - based on the inventory turnover values for previous months. With the right formulas, you can save yourself stress, time, and effort.įor example, you can use the Excel FORECAST function to predict data values based on existing values. You can use Excel to help monitor and manage various steps of the material handling process. Long story short: Microsoft Excel is NOT just for accountants. If you work in supply chain logistics, this handy tool can help you in a lot of ways, from creating inventory reports to measuring key performance indicators (KPIs) of your warehouse management. Does the thought of Excel spreadsheets make you cringe? It might be time to rethink your attitude on the tool.
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