Data Analysis

BUS307 Operations Management

Data Analysis Data analysis skills and thinking is quite possibly the most important aspect of cost analysis. Using data analysis is key to understanding how a company operates and what aspects of its process are being accomplished correctly or incorrectly. Having the data available is not enough to fully understand the interworkings of a company. Managers need to have the ability to think and analyze what the data means and how to use it in order to increase the efficiency of the company. Understanding expenses and which ones are high operating expenses are crucial when looking for ways to save money within that company. This requires the use of more than just software or other programs to fully comprehend the...