Statistics
jazzyone1
statistics.docxFrame your business problem in a question to focus your analysis. For example, How can the company improve inventory management? Your key variables will be the historical purchase orders, sales, and month-end inventory counts at the two store locations that highlight successful and poor inventory management. I would just focus on one product as an example. If you don't have actual data, you can make up data for the purposes of this assignment.
Important data would be historical data of month-end inventory at each store (Does one store have significantly higher inventory each month? Is the difference material? Do other factors potentially explain the difference?) Then, based on your review of the data, you can discuss ways to improve inventory management, such as required use of the Eagle Browser software. This assignment should incorporate graphs and tables that summarize your analysis, and your report should explain the results of your analysis.
Your end objective is to write a paper to management that presents your business problem, highlights why it is important to address, presents your statistical analysis, and summarizes your recommendations in a 350- to 700-word summary.
Little information to use for assignment:
Below is something you might can use for numbers and if not you can make up data for the purposes of this assignment : There is a product called PL premium it is a construction adhesive. Last year the owner of the company who generally does not associate with the business went to the trade show in Maryland. He bought 15,000 units of this product, he did not apparently do his research. Last year we only sold 8,000 units. Probability of selling that much should been looked at through multiple years, since August of 2014 according to the history report we have only sold about 4,000 units. The product will expire in April of this month each tube costs 3.03 dollars the companies’ price.
Last week assignment that will let you know the issue the company is having
Team B discussed a problem that exists in the company in which team member works for as a purchasing agent. The steadily purchases products for both of their stores, but the product does not sell as good in one store as it does another, which ultimately leaves one of the stores with more products than anticipated, causing it to expire costing the company unnecessary money. The underlying problem is one of the other purchasing agents goes in over his head because he is trying to keep store fully stocked, but this obviously is not a good idea because it does not sell well at that particular location.
