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The Silent Profit Killer: Discover Shrinkage in Excel 💰 | Discover Talent™ The Silent Profit Killer: Shrinkage in Excel 💰 Every business makes plans — forecasts, targets, inventory levels — and expects results to match. But between what’s planned and what actually happens , there’s a quiet space where money disappears. That space is called shrinkage . It isn’t about employees missing work or productivity gaps. In business, shrinkage means loss of stock, damaged goods, theft, or system errors . The bad news? It’s often invisible until someone goes looking for it. The good news? You can find it — and fix it — with Excel. How Shrinkage Happens Imagine your company planned to sell 5,000 units this quarter. On paper, everything looked fine — but the actual stock shows only 4,850 units delivered. The missing 150 units? That’s shrinkage. It could be due to breakage in transit, data entry errors, or unnoticed small thefts. Those 150 units might seem minor — b...

Top 5 Excel Functions Every Supply Chain Manager Should Know Excel formulas is essential for anyone in the supply chain industry, whether you are an agent, analyst, associate, or manager. In this video, we will cover the most important Excel functions that will help you make data-driven decisions and optimize operations in logistics, procurement, and supply chain management. Understanding how to use XLOOKUP, VLOOKUP, IF, SUMIF, and SUMPRODUCT can help you analyze inventory, supplier performance, cost calculations, and business efficiency with ease. These functions allow you to extract, compare, and analyze data accurately, making supply chain processes smoother and more effective. Whether you are working with CSV, TXT, or SQL databases, knowing how to apply these formulas will enable you to handle large datasets effortlessly.  Supply chain professionals often deal with SLAs, KPIs, and operational metrics. In this video, you will learn how to use Excel to track key performance indic...