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In this Excel tutorial, Sharon Smith explains how to create a simple and effective inventory list, suitable for small businesses or personal use. She will cover the essential data columns needed for inventory management and demonstrate how to apply conditional formatting to highlight items that need reordering. Additionally, the tutorial will include an overview of pivot tables to facilitate easier data analysis. Sharon promises a step-by-step guide to creating the inventory list from scratch and mentions a link in the video description for viewers interested in purchasing a ready-made template for convenience.