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Products in Orders
This report includes the basic KPIs important from a sales perspective – total orders and gross revenue. The report has a New/Repeating Order Type filter which gives the users three choices – to view the data related to new orders alone, repeating orders alone, or both. In addition, it also helps in monitoring the performance of a single product, users can select the appropriate product type they want to view using the product slicers: Category, Style, Name. It identifies opportunities to achieve the below goals:
- Track the current sales situation
- Track the top-selling items
- Track Revenue growth
- Compare New and Repeating Orders
| Goals | Questions to ask | Dashboard views |
| Track the current sales situation | What is the total order number? | Total Orders |
| Track the top-selling items | Which are the top-revenue generating products? | % Order w/Products |
| Track Revenue growth | How is revenue trend? | Gross Revenue |
| Compare New and Repeating Orders | What is difference between New and Repeating Orders? | First-time Orders, Repeat Orders |
*Key Terms
First-time Orders:
Total of the first order of each customer
Repeat Orders:
Total of the repeat orders of each customer
% Orders w/Products:
Out of total orders, how many % of orders contain the selected product?
Products In Orders Report
- The Product orders report helps you understand which products are your best sellers. The report displays total number of orders that were received during the selected time period.
- With all purchases in the life cycle, customers will spend more money in their new orders or repeat orders.
- Revenue growth allows you to scale your business.
Conclusion
Product analysis provides all of the information necessary to determine if a product meets the company’s expectation and customer preferences, it does well or not compared to other products. Businesses can decide if they want to boost or eliminate the item from their inventory based on product performance.
