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Analytics & Reports #6: Product Profitability

To stay competitive, you need to know where money is being made and lost.  It is important to analyze the profitability of the business as a whole, but it can also be useful to analyze the value of an individual product.  Assessing the profitability of each product can help you pinpoint your biggest money makers as well as those that should perhaps be removed from your lineup.  Product profitability analytics can help you make better decisions to protect and grow profit, including where to spend your advertising dollars.

http://www.forbes.com/sites/bernardmarr/2016/04/07/6-key-financial-analytics-every-manager-should-know/2/#79a27ec459d2

 

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February 13th, 2017
Analytics & Reports

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