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  • Retail Sales Analytics Project Proposal

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    Ishraque Ahmmed
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    This document outlines a project to analyze retail sales data from XYZ Retail Store over the past 3 years to develop a predictive inventory demand model and strategies for optimizing stock levels. The goals are to identify sales trends, reduce costs, and improve the customer experience. Key findings will be presented to the mid-level manager Jane through interactive Tableau dashboards highlighting sales trends, product performance, and inventory recommendations to inform inventory decisions.

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    Retail_Sales_Analytics_Project_Proposal

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    This document outlines a project to analyze retail sales data from XYZ Retail Store over the past 3 years to develop a predictive inventory demand model and strategies for optimizing stock levels. The goals are to identify sales trends, reduce costs, and improve the customer experience. Key findings will be presented to the mid-level manager Jane through interactive Tableau dashboards highlighting sales trends, product performance, and inventory recommendations to inform inventory decisions.

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    © All Rights Reserved
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    3 views1 page

    Retail Sales Analytics Project Proposal

    Uploaded by

    Ishraque Ahmmed
    This document outlines a project to analyze retail sales data from XYZ Retail Store over the past 3 years to develop a predictive inventory demand model and strategies for optimizing stock levels. The goals are to identify sales trends, reduce costs, and improve the customer experience. Key findings will be presented to the mid-level manager Jane through interactive Tableau dashboards highlighting sales trends, product performance, and inventory recommendations to inform inventory decisions.

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    © All Rights Reserved
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    Retail Sales Analytics for Effective Inventory Management

    1. Executive Summary

    This project aims to analyze retail sales data to enhance inventory management decisions at 'XYZ Retail Store.' The

    motivation is to identify sales trends, optimize stock levels, and improve customer satisfaction.

    2. Why (Objectives/Business Case/Goal)

    Objective: To use data-driven insights to refine inventory management, resulting in cost savings and improved customer

    experience. Outcome: Development of a predictive model for inventory demand, and actionable strategies for stock

    optimization.

    3. Who (Persona Documents)

    Persona: Jane, a mid-level manager in XYZ Retail Store, responsible for inventory decisions. She is data-savvy but

    needs clear and actionable insights.

    4. What (Dataset)

    Dataset: Sales data from XYZ Retail Store for the past three years, including product details, sales volume, customer

    demographics, and stock levels.

    5. How (Presentation of Findings)

    Presentation: Interactive dashboards on Tableau, highlighting key sales trends, product performance, and inventory

    recommendations.

    6. Challenges

    Challenges include ensuring data accuracy, dealing with seasonal variations, and presenting complex data in an

    accessible manner for managerial decision-making.

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