Chapter 02 Weekly Data Discussion Board Exercise – Pareto Principle using Bicycle Inventory Data Chapter 02 Weekly Data Discussion Board Exercise – Pareto Principle using Bicycle Inventory Data

June 13, 2023June 13, 2023 Discipline: Other
  1. Open the file and save your working file as a .xlsx file in another folder.
  2. Create columns for Inventory Value, Percentage, and Cumulative % in H-J.
  3. Calculate the Inventory Value in Column H using Purchase Cost x Quantity.
  4. Use the SUM formula to calculate the Total Inventory column total.
  5. Use the Data–Sort option to sort all columns by Inventory Value in descending order.
  6. Calculate the Percentage of Inventory in column I; use an anchor ($) in the formula.
  7. Use the SUM formula to calculate the percentage column total.
  8. Create a formula to calculate the Cumulative %.
  9. Prepare a Pareto Chart and Pivot Table showing total Inventory Value by Product Name as shown in the video.

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