Project Two
Sales records and Performance of Fried Chicken Products
delves into the sales data of fried chicken products, showcasing the
performance of different products across sales channels, the sales
trends over time, and the specific impact of unit pricing on revenue.
It meticulously records each transaction, including product types,
purchase quantities, and channel sources, and utilizes product cost
data to calculate profits.
Through the advanced visualization capabilities of Power BI, this
report not only provides deep insights into product popularity but
also analyzes the efficiency of sales channels and the overall profit
margins,
thereby offering interactive data support for sales
strategies and product pricing. This enhances the decision-making
process by optimizing strategies based on comprehensive data insights.
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Date: Records the date of each order, providing a basis for
analyzing sales trends over days, months, and quarters.
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Time: Logs the specific time when an order is placed, helping
analyze sales performance during different times of the day.
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Product: Lists the name of the product purchased in each order,
offering data for product sales performance analysis.
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Quantity: Indicates the number of products purchased in each
order, aiding in calculating total sales volume and average sales
quantity.
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Price per unit: Shows the unit price of each product, which,
combined with quantity, can be used to calculate the total revenue
of each order.
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Revenue ($): Directly provides the total revenue of each order,
serving as a basis for revenue analysis and profit calculation.
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Channel: Records the sales channel of each order, such as Food
Panda, Open Rice, etc., aiding in analyzing the performance of
different sales channels.
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Sales Trend Analysis: Using date and time data to analyze sales
trends over time, including daily sales and seasonal variations.
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Product Sales and Revenue Analysis: Analyzing the sales volume and
revenue of different products to identify the most and least
popular products.
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Channel Efficiency Analysis: Comparing the efficiency of different
sales channels to find out the most effective sales channel.
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Profit Margin Calculation: Combining product list cost data to
calculate the profit margins of products, analyzing which products
contribute higher profits.
1. Time Series Analysis:
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Build time series analysis using time data to identify peak and
trough periods of sales activities.
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Analyze sales patterns and trends within specific time frames to
predict future sales performance.
2. Product Analysis:
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Compare the sales volume and revenue of different products to
analyze product popularity and sales contribution.
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Evaluate market performance of products, providing data support
for product development and sales strategies.
3. Sales Channel Analysis:
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Analyze sales data of different channels to identify the most
effective promotion and sales channels.
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Optimize sales strategies based on channel analysis to improve
sales efficiency and customer satisfaction.
4. Profit Analysis:
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Calculate profit margins of each product by combining cost and
sales data, identifying the products with the largest profit
contributions.
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Adjust product mix and pricing strategies based on profit
analysis to maximize profits.