📄 Context
The report provides an overview of insights derived from the FP20 Challenge 2 dataset, focusing on the performance of the Mediterranean Camera Company.
💼 Business problem
The Mediterranean Camera Company seeks to understand its sales and profit trends to identify areas for improvement and capitalize on successful strategies.
🚀 Goal
- Undestand the patterns in net sales and profits to identify peak performance periods, enabling strategic resource allocation and planning.
- Identify key market segments to prioritize marketing efforts and strengthen relationships with profitable customers.
- Determine optimal sales timing by analyzing the distribution of product sales.
- Highlight best-selling products to guide inventory management and inform product development decisions.
- Investigate the factors driving fluctuations in profits over time to develop proactive strategies for sustaining growth and mitigating declines.
📝 Report Overview
The report highlights key findings based on the FP20 Challenge 2 dataset:
- Highest net sales and profits were recorded in October and December, indicating seasonal variations in performance.
- Buyers from institutions in France emerged as the primary contributors to profits, suggesting the importance of this market segment.
- Wednesdays consistently witness the highest average number of product sales, indicating a potential pattern in consumer behavior.
- Camera 3 stands out as the best-selling product among the six different camera models, emphasizing its popularity.
- Profits experienced remarkable positive growth from November to December but declined from February to March, warranting further investigation into underlying factors.