Data-Driven Decision Making Consultation and Strategies

Final Project - Artifact

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Artifact Assignment



RGV Inc., is an international company that sells to many countries. Their products include beverages, condiments, produce, meat/poultry, grains/cereals, seafood, dairy products, confections and other items. RGV Inc., has recognized that the company’s profit margins are declining. In an effort to reduce cost and increase profit, they want to perform an analysis of their company. They have hired you to recommend the beginning steps for data driven decision making. This project will focus on developing a strategy to identify what kind of data needs to be collected, a timeframe for data collection, identification of key stakeholders, and defining a process for collecting, analyzing, and distributing findings of the data once the analysis is complete.



This assignment will require you to consider what relevant data should be collected and tracked? This includes both quantitative and qualitative data. When analyzing the data what questions should be asked and who should be involved in this process.



Drawing Conclusions

Your data collection analysis will lead you to draw conclusions on identifying data to collect, timeframe for data collection, identification of key stakeholders, and defining a process for collecting, analyzing, and distributing findings of the data once the analysis is complete For example, collecting data on products that sell the most, salespersons and their sales performance etc… These are just some recommendations to get you started. Remember that you (a consultant) have been contracted by RGV Inc., to provide recommendations on gathering data that you believe will impact sales and increase the overall performance of the company. These recommendations should grow out of the conclusions on the data collection analysis.



Last Step of Project



Present the Data Driven Decision Making recommendation findings in a Memo to the company’s CEO. See below for sample. Ensure it is narrative form and includes all the information requested above.

Artifact Assignment

RGV Inc., is an international company that sells to many countries. Their products include beverages, condiments, produce, meat/poultry, grains/cereals, seafood, dairy products, confections and other items.  RGV Inc., has recognized that the company’s profit margins are declining. In an effort to reduce cost and increase profit, they want to perform an analysis of their company. They have hired you to recommend the beginning steps for data driven decision making. This project will focus on developing a strategy to identify what kind of data needs to be collected, a timeframe for data collection, identification of key stakeholders, and defining a process for collecting, analyzing, and distributing findings of the data once the analysis is complete.

This assignment will require you to consider what relevant data should be collected and tracked? This includes both quantitative and qualitative data. When analyzing the data what questions should be asked and who should be involved in this process.

Drawing Conclusions
Your data collection analysis will lead you to draw conclusions on identifying data to collect, timeframe for data collection, identification of key stakeholders, and defining a process for collecting, analyzing, and distributing findings of the data once the analysis is complete For example, collecting data on products that sell the most, salespersons and their sales performance etc… These are just some recommendations to get you started. Remember that you (a consultant) have been contracted by RGV Inc., to provide recommendations on gathering data that you believe will impact sales and increase the overall performance of the company. These recommendations should grow out of the conclusions on the data collection analysis.

Last Step of Project

Present the Data Driven Decision Making recommendation findings in a Memo to the company’s CEO. See below for sample. Ensure it is narrative form and includes all the information requested above.

Memo

To:        RGV Inc.

From:   

CC:      Dr. Maricela G. Silva

Date:    

Thank you for the opportunity to assess your company and recommend data driven decision making strategies. The analysis and recommendations below are based on my review of your company.   The analysis below is based on information provided by your staff.  Therefore, our recommendations should be tempered by your knowledge of business realities and your market.  Please let us know if we can answer any questions concerning these recommendations.

RECOMMENDATION ON KEY STAKEHOLDERS 1 [Provide a Title for this section – For example, Company Stakeholders Analysis]

Analysis and Recommendation

Provide a recommendation to the company. Based on your analysis, who are the key stakeholders?  Who should be the key stakeholders? And why they should be involved.

RECOMMENDATION ON DATA COLLECTION AND TIMEFRAME 2 [Provide a Title]

Analysis and Recommendation

What relevant data should be tracked (i.e. Type of products sold, salespeople, shipping costs etc.) Consider KPI’s. Which Quantitative and Qualitative Data should they collect? How long? And why is it necessary.

RECOMMENDATION ON PROCESS FOR DATA COLLECTION AND ANALYSIS 3 [Provide a Title]

Analysis and Recommendation

How should data be collected? Where is it stored?

How long? When doing the actual data analysis what questions should be asked (i.e. determining sales by month, quarter etc.? Consider KPQ’s

Would the 5 step Business process apply here, which one?

What tools can be utilized? What type of trend analysis do you recommend? And why.

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DATA DISTRIBUTION FINDINGS ONCE THE DATA ANALYSIS IS COMPLETE 4 [Provide a Title]

Analysis and Recommendation

Who should be included? How can you get the information to everyone? How can data visualization of data help, what type? Would the 5 step Business process apply here, which one? And why.

SELF ASSESSMENT

From completing the project, I learned … [Explain what you learned through completing the project, at least two paragraphs.]