Unit 5: Data Modelling - 2023/24 - Assignment 1 (Learning Aim A) (All Criterias Met) (PowerPoint)
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Course
Unit 5 - Data Modelling
Institution
PEARSON (PEARSON)
This document presents a detailed analysis of cheese production, distribution, and sales data using Excel. It covers various aspects of cheese inventory management, sales tracking, and market analysis, providing insights to optimize production processes and maximize profitability. This presentation...
,P1 - Stages in Understanding the Scenario
• Having the information about the background of the company,
Decision
financial environments and the factors that influence the situati
Making
• Recognising the limitations and restrictions concerning the
potential decision.
• Understanding the desired outcome that is wanted after implem
the decision.
• Evaluating the potential risks that may be associated with the c
put forth.
• Making use of all the available data so comprehension of the sc
can come about.
, Gathering primary data (first hand)
Identifying Gathering secondary data (data whi
already exists)
informatio
n and
sources Consulting with experts, who specia
within the field/ industry
Implementing technological tools an
software for assembly and analysis o
information
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