Purchase and Sales analysis
In the individual Sales and Purchases Graph tabs, you can see sales and purchase activity in a graph format on each tab. You can drill down to transactions
For every company, Sales is the ultimate revenue generator which takes care of all costs and expenses. While Sales may be achieved easily or in some cases in a very difficult way, analysis of the Sale that has materialized is very important.
Sales data will help a company to take a future decision in terms of inventory management, marketing activities, schemes or offers to be rolled and changes in manufacturing processes if applicable. Based on Sales data, major decisions like continuing or discontinuing a product is taken. Those future decisions will help the external stakeholders of the company to decide whether or not to invest in the company.
Knowing the reason behind why a particular sales occurred during particular time will help the companies to keep the inventory ready and help them to serve the customers better. Delighting the customers will, in turn, benefit the company by increased sales further and help to develop goodwill and establish the brand value of the company.
When looking for trends or patterns in your sales data, you can determine both opportunities and potential problems. You can track if a particular product is increasing or decreasing in sales. If it’s declining, you can make timely decisions such as to cut prices, market more, or discontinue the product. If an item is selling off the shelves, you can be sure to stock inventory accurately across channels.
Being able to effectively analyze your sales trends can have a major impact on how you run your business. Through your data, you can gain valuable insight into your operations. Through key capabilities, like real-time updates and data visualization, you can make better informed business decisions.