Business Health Report

A comprehensive business health report will provide a insightful information to business owner. Irrespective of the domain or dimensions of the business there are some common parameters, any business should consider to check the business health report. I would like to take through a detail information of business health report.

1. Basic Factors:

Total Revenue, Total Profit, Total Profit per order, Profit ratio, Total orders, Daily orders. These are the basic parameters of any business as it is essential requirements also indicates an early warning sign if there is a drop in the KPI's.

2. Cohort analysis :

Cohort analysis helps business to know the acquisition of customers and their behavior over a period of time which helps business to find the highest and lowest performing cohorts, and what factors are driving this performance. It might be brand, price, delivery option or newly introduced feature. Based on the requirement of the business further analysis can be conducted on a specific dimension.

3. Safety stock:

Safety stock is an additional quantity of an item held in the inventory to reduce the risk that the item will be out of stock. It acts as a buffer stock in case sales are greater than planned. It is very essential to wastage as well as stops overordering slowing moving items.

4. Order Growth Over Time.

The following chart explains the order growth over a period of time also it has been highlighted over the weekday and weekend received orders. This analysis helps the business to know the demand curve for better planning and what made customers to order high on a specific period. Based on the requirement of the business further analysis can be conducted on a specific dimension.

5. Likert Scaling Chart

Likert chart helps the business to understand the views and perspectives towards a brand, product, or target market. Different variations of Likert scales are focused directly on measuring people’s opinions.

We are working on some more dimensions to include in the business health report. Stay tuned.