What is the key advantage of using a library workbook?

The key advantage of using a library workbook is that it maintains a centralized core worksheet for various users. This centralized approach ensures consistency and standardization, as all users access the same core data and metrics from the library workbook. This centralization simplifies collaboration among team members, as it eliminates discrepancies that can arise from multiple versions of worksheets being edited independently. Users can rely on the same foundational information, making it easier to make informed decisions collectively and ensuring that everyone is aligned with the same data set. This fosters greater efficiency and accuracy in the analysis and reporting processes.