Professional Documents
Culture Documents
Memo
INC
To: RGV Inc.
From: Emily Guzman
CC: Dr. Maricela G. Silva, Dr. Patricia Blanco
Date: 04/04/2020
Re: Lost Sales Analysis
Thank you for the opportunity to assess your company and recommend data driven decision
making strategies. The analysis and recommendations below are based on my review of your
company. The analysis below is based on information provided by your staff. Therefore,
our recommendations should be tempered by your knowledge of business realities and your
market. Please let us know if we can answer any questions concerning these
recommendations.
active than the store managers. Why is that? From what I am viewing, the employees seem to be the
key stakeholders of the company. However, I believe it is the store manager’s responsibility to
become the main key stakeholders of the company. It is highly crucial that every manager be involved
during business hours and interacting with their employees to ensure that there is productivity. All
stakeholders need to provide information to improve the organization. Soon, RGV INC, will notice
KPI Analysis
The products that RGV INC provides should be increasing the volume of sales since
there are variety of products available. Unfortunately, it is my understanding that the company
has not been able to exceed the quarterly goals each year. As an experienced data analysis expert,
I am here to provide data strategies for your company. I recommend that your company, RGV
INC, use KPI’s. KPI’s are used in every organization that needs data to be gathered or collected.
Your company should track the amount of products sold per day. I would recommend tracking
the most popular item, such as the beverages, and track the number of times people go to the
store to purchase drinks. Once the company is aware of this, it will capture what managers need
to know so that they’re able to make strategic objectives. I will also recommend paying close
attention to Quantitative and Qualitative products. Find out why customers are choosing red
cereal boxes over blue cereal boxes and why they insist on buying more than one cereal box. I
also suggest tracking the data for a month to get accurate results. It is questions like these that
need to be answered because it will provide the answers that the company needs to improve its
sales.
RECOMMENDATION ON PROCESS FOR DATA COLLECTION AND ANALYSIS 3
Data Collection
Furthermore, it is to my understanding that your company has not been collecting data
the correct way. To make matters easy, you can collect data by using KPI’s as mentioned above.
The data will be stored with using the KPI’s. The KPI’s will help expand the collection of data.
Your company needs to also develop KPQ’s. By doing this, you need to ask questions, and then
determine which ones are relevant. For example, you can develop surveys for customers. In that
survey, you can have questions such as, “What changes can be made in the company, and why?”
Having open ended questions allows customers to think and reflect on their response so that
I’m not sure if your company has heard of the 5 step Business process? If you have, I
suggest that your company focuses on the 3rd step, redesign. By redesigning the view of the
company, you can start by eliminating the problem areas. Once the problems have been
eliminated, RGV INC, will start improving on the areas and sales should start increasing
throughout the quarters. What I do recommend is using a data visualization tool. Data
visualization is used to organize data in the form of charts and graphs. If you want to view your
data on a chart, you should be able to see the trend analysis. You have the option of inputting
color onto the charts. By using colors, you will be able to notice the patterns and trends. This will
be easier to interpret and RGV INC will gradually improve on the problem areas.
DATA DISTRIBUTION FINDINGS ONCE THE DATA ANALYSIS IS COMPLETE 4
Data Distribution at RGV INC
Once we have gathered the right data, it is important to distribute it to the other branches
of the company. Above all, it is extremely important that all branches of the company
communicate with each other. A useful tool to communicate is by using a network map. Using
this will provide a smoother and easier communication throughout the company. As I stated
above, you should use data visualization to figure out the distributions that are going directly to
the other branches. By creating a chart, just label the products that are going to be shipped out to
the other branches and track the amount of purchases for that product. I know making a chart
will be a little tricky, but you will definitely see the results that the company has been longing
for. The chart will present the products with a minimum and maximum point, thus providing
trouble- free information. In the 5 step business plan, step #5 should help the company to
monitor the charts. By monitoring the charts, the company will notice that the data visualization
is working. The results from the charts will be presented in a clearer and understandable way. I
hope that with all these new steps, RGV INC will recuperate their lost sales, and start the new
year successfully.
SELF ASSESSMENT
From completing the project, I learned …
maintaining an organization is challenging, but with knowing the right information should make
a business grow progressively. I learned that it’s important to recognize the real, true key
stakeholders of the company. Knowing your stakeholders, the organization will be able to run at
a productive rate and should be able to see the increase in sales. Also, getting to know your
market is another thing that I learned. You need to ask yourself, “What does the customer want?”
This would be known as the KPQ’s, asking the customer questions to expect the end results.
Above all, it’s important to make sure that the organization reaches an end goal.
Distribution matters a lot. The company needs to know what is going in and what is going out.
Luckily, to make it easier for a company, they are allowed to use Data Visualization. A company
will never go wrong with Data Visualization, it is an effective tool. Also, a manager needs to
know how to develop their own strategies. Strategies will capture the goal and then the manager
will be able to work on it from there. Lastly, KPI’s will help any company who are in need to
track and collect data. That is the only way that an organization can improve. An organization
needs to know the answers, and by obtaining that, it will eventually start to see the improvement