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In this tutorial update from "Smile in Calm," the focus is on the popular inventory restocking and cash flow planning template, which has received enhancements. The updated version is available alongside the old version for the same price of $45. New features include a column for minimum inventory levels, allowing users to monitor inventory more granularly. The previous logic calculated when inventory fell below zero based on historical daily sales, triggering replenishment. The update improves functionality for advanced inventory forecasting, factoring in lead times and other key variables.