Analyzing Data for Effective Business Decisions: A Case Study

This report analyzes data collection methods, focusing on primary and secondary data, and examines statistical tools and techniques used to aid business decision-making at Darling Ingredients Limited. It discusses the importance of cash flow management, including operating, investing, and financing activities, in balancing funds and ensuring effective return on investment. Data sampling techniques such as mean, median, mode, and standard deviation are explored. The report also covers the use of graphs and charts for drawing valid conclusions based on business information, ultimately providing recommendations for enhanced business strategies. Desklib offers similar resources for students.

Business Decision
making

Contents
INTRODUCTION...........................................................................................................................3
TASK...............................................................................................................................................4
Create plan for collecting both the primary and secondary data and identify the appropriate
survey methodology and the sampling frame to justify data collection methods............................4
Examine the various statistical tools and techniques to analyse the collected data to aid the
business decision making process...................................................................................................7
Produce graphs and charts using the spreadsheet for drawing a valid conclusion based on the
information of business....................................................................................................................9
REFERENCES..............................................................................................................................15

INTRODUCTION
As in business decision making is an important part of business as this takes all the strategic and
cultural decisions and this can also enhance the business and can welfare the society effectively.
As this is the report about Darling Ingredients Limited and this organisation is based in UK and
this is a B2C company of telemarketing. As this report is basically formed to analyse the data
collecting sources and this can be done with the secondary and primary data and this also leads
in identifying the business and this also has the involvement if cash flow and balanced sheet f the
business and this involves the ratios and there analysation in the business for maintaining the
position in the business and this also leads in better growth to the business. This report also
involves the graphs and charts for the better description and this ha also includes the
recommendation of the same.

TASK
Create plan for collecting both the primary and secondary data and identify
the appropriate survey methodology and the sampling frame to justify
data collection methods.
Data collection: AS data collection is considered as the way by which all the data is being
collected and this can also turn beneficial for the business and this is basically an analysing,
collecting and measuring of data and this can also involve various sources in the business and
this can help the business in solving their problems effectively and this also reduce the risk factor
in the business. As these can also be allocated in structured and it can also be in the unstructured
form and for collecting there data there are basically two resources and that are described below.
Primary data: As this is a form of collecting data and this can be said as in an raw format and this
can also be collected and analysed by the data analyst(Ambuehl and et.al., 2022). AS this is
having various information and this can also lead demand for accumulating the changes in
business. As researcher can hlp he business in overviewing and the association for the better
understanding. As this can also make the product and services effective an can also lead in better
change management in business and can fulfil business basic necessity. AS this business is using
this method for the collection of data and this also has the involvement of feedback in business
and this can lead in enhancing the profit of business and this can be done by investigating and
segmenting the market and his can also help the customers for fulfilling their needs and
requirements effectively. As this method is known s the quickest method and this can also
benefit the business effective and leads in high productivity. As this also involves various
strategies for gaining the information is described below.
Interview: As this is known s the instrument by which information can be dragged and this is
done in an business and in between two people. As this is also an techniques which is placed
business as this can be accumulated for changing the responses and tis can also be done in
different ways and can also make an impact o face to face interviews. As this is the best way
which is used business(Arora and Chakraborty, 2021).
Questionnaire: As this is also an source and this is after the completion of the business
analysation and this can also be done for recording and for this top management and this can also
make the inquired and can impact in gaining the experience and this can be done by using

various strategies in business and this can also impact in the business and can impact in the
business performance.
Secondary data: This is also one of the source extracting information and this can also be done
with the research and exploring the data effectively. As this can also be done by shortlisting with
the help of gathered data and this can also involve various sources in business and this can also
help the business in allocating various resources in business and this can also make the effective
use of them and in the right place. As in this internal sources has the involvement of all the
financial outlooks and in this it involves the sales figure, balance sheet and profit and loss sheet
of the business and these information are gathered form the various sources which care
interconnected and from which clear records be received as this involves universities,
government source, business, corporate fillings and the professional association. This also has
different types and that is described below(Balasubramnian and Sargent, 2020).
Website: As by this an data can also be allocated and by this business can grab basic information
and this can also be done with the use of tools and this can also create an business better and this
is done according to the availability and this can be done via clients accepting cookies. As this
can make the information effective and this can make the connection effective and this can be
done on the monetary terms and this can also make the large commitments and this can be
expanded as per the requirements of information.
Books and articles: AS this is also one of the way for collecting information and this can be
done with the distribution process and this can also be done with the operational and functional
expectations of business and this is done by the organisation and leads an better direction to the
business. AS this also leads in shaping an structuring the business effectively and can make the
additional setting of association and this can also lead in gaining information for the better
working and the workplace changes in business(Chen, 2018). This can also impact in the
business climate and this can get the effective outcomes in business and this can be done by
collecting the information in business and this can be done by the specialist and can be
experience by the employees and the individuals.
Government distribution: This is considered as a piece of information and this is gathered with
the effective and moral practices in business and this can also make the effective use of exercises
and can impact with the use of exercises and this can also fill the gaps effectively and can make
the strength to the opportunity and this can also build and effective connection of business to

clients. As this can be done by record checking and by distributing he authority and this can also
be dependable and can impact in the financial investors and this can also make the successful
choices and this also contains less process and legal work in business.
Internal records: As this is also an form of collecting the information as this contains the
internal records of the business which has the involvement of staff and the employees and this
can also make the business effective and this can make the change in the business relationships
and management as this has the involvement of clients connection and the plans which is based
on financial basis and this can also impact in the development process and this can lead to the
better change in the business and this can also take less time and lead in the effective
management process(Fan and Chatterjee, 2018).
Data sampling
As this is known as the technique as this is an measurable instrument and this can be used in
decomposing, selecting and controlling of the data and this can make the information effectively
distinguished and this can also enlarge the pattern and this can lead in better change and this
cannot enables the change and this is also done by the researchers and this can make the data
effective an this can also make the effective models and can impact in the accurate findings of
the business and the models which can benefit in collecting the appropriate information is mean,
median and mode and standard deviation(Jun, Dinçer and Yüksel, 2021). As mean is known s the
average calculation of the desired records and this can be sum up together and can divide into
total number presented in the records. As mode is known as the highest number of the collection
and the records as median is an mid value the records and this can be done in the form of
ascending order and in this is the data is an even number than mid 2 value is being taken for
analysing the average and this is known as median. Ass standard deviation is an method if the
counted appurtenance of the number in the records and this is selected from the mean value and
this can also square root the variance.

Examine the various statistical tools and techniques to analyse the collected
data to aid the business decision making process.
Cash flow: As this is an important part in business as this leads in managing and balancing the
funds and this can make the use of the cost and revenue at right place and at right time for the
effective return on investment. As this mainly focusses on the activities as this is an financing,
operating and investing of the business and in every phase of business. As this can also lead in
the performance level of business and this is enhancing the planning process of business and can
lead in the effective changes in business. AS this has the involvement of the outflow and the
inner flow of the business cash and this is mainly comes from the over activities and this cane
slow make the capital secure and make the use in right place. As this can also lead in increasing
the statement of business and this can also impact in the organisation and can lead in the
effective management in Darling Ingredients and this can also make the control in the activities
and task in business(Lubis, 2020). As there are various kind of cash flow statement and this is
described below.
Operating activities: AS these are the activities due to which profit and revenue in the business
is generated and this also leads in managing the cash of business and this has the involvement of
the different kind of business instalments and this involves the interest instalments, salaries,
stock exchange, lease instalments and the fee instalments As this cash flow statement can
increase the profit and can impacting he earning system of business and this can be measured
according to the interest of the business as this also has the records of non-cash transaction and
this involves the operational activities. As this can build the cash flow and this can help in
managing all day to day activities in business and this enhances the profit level in business.
Investing activities: As this has the recording of business profit and loss statement and this can
also be due to the sales and purchase of the property of anything in the business as this can be
any plant or property and this also indicates various changes in the business position(Madaan and
Singh, 2019). AS this can also make the investment worth in the fixed assets of business and this
can be land, buildings and vehicles. As this can also make the capital expenditure managed and
this leads I the financial planning for the further activities of future and this can also lead in
reducing the benefit and profit level in business. As this also lead in making the income and

making the investment and also save the business from the poor performance and this is
fascinating effective development in business.
Financial activities: AS this is also a main part of business and the cash flow as this looks after
all the financial activities which takes place in the business and this is in between the business
and the performance level of the business. As financial activities has the involves men of
different funds and the exchanges for gaining the better profit in the business and this also leads
in balancing the cash flow of the business.
Analysation of the cash flow: As this cash flow has indicated that in an business it imports to
balance all the data and the finance in an appropriate manner and this can also lead in increasing
the benefit to Darling Ingredients Limited since 4 years and this has made the rise in business
and this has also impacted in the business performance effectively(Maia, Freitas and Handschuh,
2018). AS this has also decreased the investing activities in business and this can help in
increasing he investment in the business and this can also lead in the exchange rate of the
business and this can make the financial activity effective and this can also lead in making an
effective change in business.
Ratio analysis: As ratio analysation is the important part of business and this is also making the
budget effective and this is also compares the current and the future condition of the business for
making the effective strategies in business and this can also check the financial health of the
business effectively(Nigam, Srivastava and Banwet, 2018).
Current ratio: This is known as the liquidity ratio and this indicates the capacity of the business
to pay and to fulfil all the payables and obligations(Vitale and Cull, 2018).
Current ratio= Current assets/ current liabilities
In 2022
1076450/678943
= 1.24 times
In 2021
765943/585379
1.22 times
Net profit margin= net profit / sales*100

In 2022 678453/4378549*100
=15.67%
In 2021 3056474/8754936*100
= 6.43%
Debt to the equity ratio= debt/equity
In 2022 5678903/457854
=0.53%
In 2021 56780543/8543274
=0.87%
Produce graphs and charts using the spreadsheet for drawing a valid
conclusion based on the information of business.

AS this above graph has calculate he ration and this has indicated that this business is having an
decreased ration and this is due to the reason of increasing liability and this is also impacting in
increasing the assets of business for gaining benefits and advantages as this can also make the
business obligations effectively(Wan and et.al., 2021).

This above graph has indicated and calculates that the profit of the business is increased with the
time and this business has also expanded in the market as this has also lead in increasing the
revenue growth and the sales of the business and this is also impacting in the profit level of the
business(Weisfeld-Spolter and et.al., 2018). As this has also lead in decreasing he cost of
business and this increasing the level of productivity.