How
would you prefer to do an analysis over the sales people? I had a short of
data, not even piled up for over a year period. This was indeed tough for me to
get over since forecasting was definitely an indefinite solution for now. I had
to google over the net to find the relation or the actual formulae to get a
clear shot in-order to proceed ahead with the forecasting. To my luck there were
some handfuls depicts to sort the problem out. First and foremost I had to find
the sales team and later sales rep, following region, brand and all other
stuffs associated to the forecast, after getting all the relevant data that has
meet the prerequisite I had to work with the formulae, though sales forecast
often relies on the forgoing events rather than present data I on my own worked
on few constants depicting the picture of the future and applied it to the Total
Sales Amount by .05, .08 and .15 variances. Let’s say if Total Sales Amount for
the fiscal year is resulting at $400000 and Net profit of $35000 I am looking at
the Total Sales Amount as a predictable event and applying it to my constants
(i)
Sales
forecast @ 0.05 %
=(((400000*0.05)/100)*100) + Total
Sales Amount
(ii)
Sales
forecast @ 0.08%
=(((400000*0.08)/100)*100)
+ Total Sales Amount
(iii)
Sales
forecast @ 0.15%
=(((400000*0.15)/100)*100)
+ Total Sales Amount
Over the
above case I would consider the constants as a dynamic value which is
dependable upon the client to choose their forecasting based on the previous
trends. This forecasting is only a blind analysis I tried to perform over the naïve
BI tool I was exploring with. There are lot more features that need to be
unlocked using the daily day-to-day mathematical and statistical methods to
make this BI tool and outstanding one in the market.
Keep you
guys updated on the forefront development on the BI I am exploring with. Good
bye for now.
Waiting suggestions. Bye
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