Section 3: Identifying Famous Brands and Categories
Explore how to identify the best-selling brands and product categories using purchase data analysis. Understand techniques like grouping and sorting data to find top performers, helping optimize inventory decisions for better business outcomes.
We'll cover the following...
We'll cover the following...
The most common problem faced by any business is inventory management. Sometimes business owners either have too much of a product that is not being sold or too little of a product whose demand is very high. This can cause a substantial loss to a company’s profits and reputation. For more information on this problem, refer here.
If we somehow know what products from which brands and categories are selling the most in the market, then inventory management can be optimized ...