Sales Velocity Compass By Office Solution

Sales Velocity for Effective Project Management by Office Solution

A Sales Velocity chart provides the sales of products available in a country in the form of Needles. Sales Velocity is a powerful tool for analyzing the sales of products and identifying areas where these products are available.

Key Components:

• Sales Velocity Chart: Comprises of the Pie region, Circle, and Needles.
• Needles: Indicate sales and percentage. The percentage is calculated globally. The longer needle represents a higher percentage, and the width of the needle depends on profit. Higher profit results in a broader needle.
• Pie Region and Circle: The size of the Pie Region and Circle radius depends on the "overall current sales" of each product in a country. Higher sales lead to a larger Pie Region and Circle.
• Colors: The color of Circles and Pie Regions ranges from Green (highest profit) to Red (lowest profit). Yellow indicates moderate profit.
• Middle Dot: Used to check whether current year sales are larger than the previous year. The color of the dot depends on the sales trends of available countries: Gray (no data or balanced sales), Red (more countries with decreasing sales), and Green (more countries with increasing sales).

Basic Features:

• Visual Clarity: The visual is clear, and data is easily identifiable.
• Animation: Animations are used to create the chart.
• Size: The chart is resizable and adapts dynamically to the screen size.
• Dynamic Data Handling: Capable of managing large datasets with smooth performance and quick rendering.
• Data Required: Country Data, Product Data, Sales Data, and Profit Data are required to create the chart.
• Tooltip: Tooltip displays detailed data of the product or country.

Premium Features:

• Logo Removal: The premium version supports logo removal.
• Dropdown (Top N): Allows users to view the top data according to overall sales contribution globally, and top sales by product.
• Specific Voronoi: Dropdown to view the specific Voronoi diagram based on the legend.
• Legend: Shown on the right side to display all available products.
• + Basic Features

Use Cases:

• Business: To view prominent regions for product sales.
• Financial Analysis: Highlights areas with the highest and lowest sales and profit contributions.

Conclusion:

Sales Velocity is a graphical approach for highlighting the most significant areas in terms of sales and profit contribution. This visualization helps businesses understand their performance through color-coded representations.

Note:

For more information, visit our website: https://innovationalofficesolution.com

Read this Sales Velocity Chart documentation: https://innovationalofficesolution.com/power-bi-charts/sales-velocity-chart

For any queries, questions, or requests, please write to us at: admin@innovationalofficesolution.com