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In this video, Shigo introduces the inventory lending workflow template for Excel, designed for libraries, schools, IT departments, or rental businesses. This template facilitates tracking borrowed and returned items and automates inventory management. Unlike standard spreadsheets, it comprises three interconnected Excel files, allowing data to flow seamlessly through Sheetgo connections. This automation eliminates the need for specialist software, enabling users to manage their inventory system using spreadsheets. The system is scalable; users can connect it with other business spreadsheets, such as purchasing or budgeting, to create an integrated data management system suitable for multiple collaborators.