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In this Excel tutorial, Sharon Smith demonstrates how to create a simple yet effective inventory list. She covers essential data columns for managing inventory, suitable for both small businesses and personal organization. The tutorial includes setting up conditional formatting to highlight items that need reordering and provides an overview of using pivot tables for better inventory data analysis. Sharon guides viewers through the step-by-step creation of the inventory list from scratch, and also offers a link in the description for purchasing a pre-made template to save time.