Post 2

This week in class we talked about excel and the benefits of spreadsheets. For the virtual closet company, I think that working with Excel would be vital to the company. Every company has a business side to it that needs to be organized and easy to read. With Excel, our company could keep track of different things like order quantity, pricing, and other information to better sell and financially keep up to date.

Keeping track of who orders what is extremely important for a company so that they can tell how well their product is doing as well as advertise more efficiently. The virtual closet company can use a spreadsheet to keep track of the different areas and states that the product is being ordered from to see where the most popular spots are. Graphs can also be made to visually tell where and how much of the product is being bought so that we can continue advertising in that area, or if it is not doing well in a specific area pull back and go stronger somewhere else.

As well Excel would be very helpful to keep track of finances. We learned in class how to do different things like add sums and put in equations to see if we are on the right track with budget. This would benefit the company because we would need to make sure we are continually following our budget and not getting behind. It is important to also make sure that we are charing the right amount so with Excel we can keep track of different price points we use and see if these prices are affecting the amount me sell. A visual representation like a graph of this would also be very useful.