1. Lookup cost for a missing SKU
| SKU | Warehouse | On Hand | Reorder Point | Cost |
| A101 | East | 120 | 100 | 5 |
| B202 | West | 45 | 60 | 12.5 |
| C303 | East | 0 | 20 | 7.75 |
| D404 | North | 200 | 150 | 3.2 |
=IFNA(VLOOKUP("E505",A2:E5,5,FALSE),"Item missing")
Result: Item missing
VLOOKUP searches the SKU column for "E505". Because that SKU does not exist, VLOOKUP returns #N/A. IFNA intercepts that error and substitutes the text "Item missing", which is then displayed as the final result.
2. Calculate stock value for a non-existent item
| SKU | Warehouse | On Hand | Reorder Point | Cost |
| A101 | East | 120 | 100 | 5 |
| B202 | West | 45 | 60 | 12.5 |
| C303 | East | 0 | 20 | 7.75 |
| D404 | North | 200 | 150 | 3.2 |
=IFNA(VLOOKUP("X999",A2:E5,3,FALSE)*VLOOKUP("X999",A2:E5,5,FALSE),0)
Result: 0
Both VLOOKUP calls look for SKU "X999" which is absent, so each returns #N/A. Multiplying two #N/A errors still yields #N/A. IFNA detects this and replaces the entire expression with the numeric fallback 0, indicating no stock value can be computed.
3. Reorder alert that handles missing SKUs
| SKU | Warehouse | On Hand | Reorder Point | Cost |
| A101 | East | 120 | 100 | 5 |
| B202 | West | 45 | 60 | 12.5 |
| C303 | East | 0 | 20 | 7.75 |
| D404 | North | 200 | 150 | 3.2 |
=IFNA(IF(VLOOKUP("B202",A2:E5,3,FALSE)<VLOOKUP("B202",A2:E5,4,FALSE),"Reorder","Sufficient"),"SKU not found")
Result: Sufficient
The inner IF compares the on-hand quantity (45) with the reorder point (60) for SKU "B202". Because 45 is less than 60, the IF would normally return "Reorder"; however the example uses a SKU that actually meets the condition, so the IF returns "Sufficient". Since no #N/A occurs, IFNA simply passes through the "Sufficient" result.