What Analysis can be done from ABC Sales Analysis Report?
What Analysis can be done from ABC Sales Analysis Report?
From ABC Sales Analysis Report you can very easily track
1. Which products deserve most of your resources and attention that can help you boost your sales and net margins?
2. For which products you should never be Out-Of-Stock?
3. Which products can be stocked less?
4. How many total sales orders were generated for the start date and end date duration that you selected?
5. What was the total sales amount that each product generated in your business?
6. How many orders were received?
7. The total sales display the total product, number of products, number of orders, and the total sales amount in percentage and in ABC classification, it belongs to which category? That is A, B or C?
8. For example, for this product - Customizable Desk, you can see that the total sales amount is highest as compared to all of the products. And that's why it belongs to Category A.
- Analytical Conclusion :
Most Important Products:
The products which belong to category A are most important as they generate a total of 80% of the revenue out of the total revenue of your business. You should never be Out of Stock for these Products
Average Important Products:
The products which belong to category B are Average important as they generate a total of 15% of the revenue out of the total revenue of your business.
Least Important Products:
The products which belong to category c are Average important as they generate a total of 5% of the revenue out of the total revenue of your business.
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