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In this video tutorial, the presenter demonstrates how to create a basic inventory system. The process begins with setting up a simple product list in a worksheet, naming it “items.” Key columns include item ID, product name or description, and pack size, with the option to add more details as needed. The presenter generates random item IDs for demonstration. A second worksheet is introduced for receiving new inventory, using copied headers from the first worksheet and adding a quantity column. Additionally, the presenter plans to implement a drop-down menu for selecting different item SKUs available in the inventory.