Are you frustrated with trying to understand how to leverage your back end office’s analytical data to grow your business? Understand that you won’t know where you’re going until you know where you’ve been. Here are a few ways to use your data:
1. Manage inventory and product shelf life – Customer shopping data will provide insight into customer buying trends. This analytical data will help you manage inventory as well as work to reduce Cost of Goods Sold.
2. Scaling to new markets – Analytics and website traffic analysis helps companies to identify markets to penetrate.
3. Manage fluctuations in seasonal sales – Predictive analytics and trend projections will help you pin point seasonal fluctuations in shopping behaviors.
This week, review your company’s back end office analytics. Determine the day of the week that has the highest sales and that with the lowest sales. Next, determine your products individual shelf life. Lastly, from where are your Sales deriving and where is website traffic coming from?
𝑾𝒆 𝒖𝒏𝒅𝒆𝒓𝒔𝒕𝒂𝒏𝒅 𝒕𝒉𝒂𝒕 𝑩𝒖𝒔𝒊𝒏𝒆𝒔𝒔 𝑰𝒏𝒕𝒆𝒍𝒍𝒊𝒈𝒆𝒏𝒄𝒆 𝒎𝒂𝒚𝒃𝒆 𝒂 𝒏𝒆𝒘 𝒄𝒐𝒏𝒄𝒆𝒑𝒕. 𝑳𝒆𝒕’𝒔 𝒆𝒙𝒑𝒍𝒐𝒓𝒆 𝒚𝒐𝒖𝒓 𝒃𝒂𝒄𝒌 𝒆𝒏𝒅 𝒕𝒐𝒈𝒆𝒕𝒉𝒆𝒓. 𝑮𝒊𝒗𝒆 𝒖𝒔 𝒂 𝒄𝒂𝒍𝒍 𝒂𝒕 706-631-7776 𝒐𝒓 𝒆𝒎𝒂𝒊𝒍 𝒘𝒊𝒏@𝒚𝒃𝒔𝒈𝒄𝒐𝒂𝒄𝒉𝒊𝒏𝒈.𝒄𝒐𝒎…
𝒘𝒆’𝒓𝒆 𝒉𝒆𝒓𝒆 𝒕𝒐 𝒉𝒆𝒍𝒑!