Harvest Kitchen Shop Report
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Added on 2020-05-11
Harvest Kitchen Shop Report
Added on 2020-05-11
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Harvest Kitchen shop ReportCourse Name...........................................................School ............................................................Department....................................................Lecturer name...........................................................Task Name............................................................Date........................................................................
IntroductionGood Harvest is organic food growing company, which is dedicated to feed the societywith healthy food. It has a shop at Sunshine Coast by the name Harvest Kitchen whichsells food to residents. Good Harvest ids divided in wholesale, retail, box delivery andHarvest Kitchen. The shop has been in operation for one year and is second year. Majorchallenges facing start up business are inadequate human capital and finances (TheQueensland University, 2017). With the high coast of organic goods, lack of adequatefinances may lead to closure of a business. The main challenges facing Harvest Kitchenare lack of enough finances, high coast of good and low number of sales. It is thereforenecessary to predict future sales and to identify the best selling commodities (GoodHarvest, 2017). Currently the businesshas six employees, one deliveryvan,a retailoutletand acoldstorewarehouse.Definition of problem and necessary business intelligenceData obtained from first financial year were used in analysis. The study utilized inferentialstatistics such as regression analysis, test of hypothesis, analysis of variance and correlation toanswer business problem. Descriptive statistics and data presentation method were used todescribe the distribution of variable of interest (Desaro S., 2011). In particular:Which are the top selling products?Does location of product on shelf affect the profit and sales?Do gross profits differ between different months of the year?Does number of sales differ between different months of the year?How is sale performance between different seasons?How does rainfall affect profits?Does rainfall affect sales?Analytics methods and technical analysis Appropriate business analytic methods were used to address business problems underinvestigation. The variable on data set was checked if they were properly scaled. There were nomissing cases in all variables. Ordinal variable were weekday, month, seasons and date and therest variables were scale variable. Below is screenshot of data used in analysis of this report.
The nets sales of products were normally distributed. There were no outliers that very highnumber of sales or too low number of sales in the data. The actual number of sales did not varymuch with mean net sales; the standard deviation of mean net sales was small. The mean netsales were not significance different in different seasons of the year. Below is box plot of meannet sales in different season of year.
Analysis one: Which are the top selling products?A bar graph of mean total sales of different products showed that the highest were water, fruitsand vegetables. Water, vegetables and fruits have nutritional value and increase immunity of thebody. The worst selling products include juicing, spices, snacks and herbal teas. The customersof Harvest Kitchen prefer organic products. Customers indicate to avoid citric acid productsdespite them being organic.
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