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Optimizing Profitability Through Data Analytics and Strategic Decision-Making
The chapter explores the journey of optimizing profitability in a bakery and a donut shop through data analytics and strategic decision-making. From analyzing donut production costs to leveraging pricing insights revealed through data analytics, the discussion delves into using advanced techniques to enhance business operations. The importance of utilizing data analytics in procurement processes is emphasized, with a focus on negotiation strategies and cost-cutting initiatives that drive profitability.