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This video tutorial introduces an inventory tracking spreadsheet template available for purchase. The template is a useful tool for managing a large inventory of products, such as apparel or shoes. It allows users to easily add new line items for items like tops or shirts, specify details like color and style, and track quantities on hand. The template includes a feature that automatically updates the total on hand quantities based on the input. This can help users keep track of their inventory levels and make adjustments as needed.