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MIS171 Business Analysis For The Analysis Of The Store Data

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Questions:

1. Can you provide me with an overall summary of Gross Profit?
 
2. The board wants to revisit the issue of whether it should now be compulsory for our stores to be open every day of the week, including Sunday, to aggressively compete with our major competitors. Can you provide a gross profit comparison for our stores that open on Sunday and those that do not?
 
3. As you know, our latest initiative has been the creation of our store online channel. I know many of our stores have included the online channel as part of their business operations. I have heard that Mall stores are leading the way when it comes to setting up online stores. Is there any evidence of this?

 

Answer:

To: Grace Wong

From: Stephen Hennigsson

Subject: Analysis of the Store data.   

Dear Grace,

I have made a complete analysis of the dataset on the basis of your problems. Solution are given below:

Average gross profit is 0.9334 $m which can vary within a range of 0.055. The distribution is skewed towards low profits that means most of the stores have low profits. 50  % stores have profits more than the range of 0.883 and 50% has profit more than that.

It can be said from the analysis that gross profits is related to the point that whether a store is open or closed in Sundays. The stores will gain more profit if being open in Sundays.

Online channel for sales and location of the stores are related.

It can be said regarding wastage that 46 stores has high wastage levels, 23 stores has low wastage levels and 81 stores has medium wastage levels.

“Wastage” is related to the state location of the store.

Analysis of the factors are:

“Advertising expenses” is related to “sales”.

“Number of staffs” is related to “sales”.

“Number of car spaces” is related to “sales”. 

 

“Number of trading hours” is related to “sales” (Yang et al.  2014).

The interactive dashboard is being constructed according to your requirement and being added in the excel sheet that has been provided along with the report.

Sincerely,

Stephen Hennigsson.

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