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The video tutorial demonstrates how to use pivot table calculated field and calculated items for automating reporting and analysis. It explains why the calculated item field may appear grayed out and distinguishes between calculated field and calculated item. Viewers will learn how to add useful fields and items in the pivot table, as well as how to insert formulas like sum if and and functions. It emphasizes the importance of utilizing calculated items and fields for automation. To create a pivot table, select all data by pressing Ctrl + A, then click insert pivot table and create a new sheet. Bring customer names to the rows section and include calendar months, gross and net sales, and standard margin.
