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The video tutorial introduces a monthly inventory template designed to assist with inventory planning based on forecasts. It consists of six key components: suppliers, master data, planning, planned orders, purchase orders, and dashboard reports. Users will find two documents upon opening the file: one blank and one filled with dummy data for better understanding. The tutorial demonstrates how to input supplier information, exemplified by a fictional supplier named Lanna Inc, including details like the address, email, and contact person. To clear entered information, users can press the "clear new data" button, and to save their input, they should press "save" once completed.