Budgeting and Forecasting: Companies use Excel to track budgets and forecast future revenue and expenses. Data Analysis: Excel's data analysis tools like PivotTables enable businesses to identify trends and insights. Inventory Management: Excel helps in tracking inventory levels, orders, sales, and deliveries. Project Management: Excel is used to create project plans, timelines, and task assignments. Sales Tracking: Businesses track sales data to analyze performance and forecast sales trends.