A few years ago, Excel, which comes as part of a Microsoft 365 subscription, got the Ideas option. Now this option has been improved and is called Analyze Data. It enables, with the help of artificial intelligence, simple and fast data analysis to generate tables, pivot tables or charts according to user questions, which help user to visualize data in appropriate business reports.
In the previous texts, you could learn about several ways to consolidate data, and here we will deal with consolidation using a pivot table. To be able to achieve this we will use the Pivot Table and Chart Wizard. This is a hidden option that you can’t find in any of the ribbons (you can add it yourself, if you wish, by adjusting the layout of the ribbon), and it makes it easier to create pivot tables and charts …
Similar as you encountered working with Pivot tables, PowerPivot reports also enable creation of interactive charts. Unlike those made by traditional Pivot charts they can be independent, which means you do not have to be directly connected to the pivot table; you can use data already contained in the Model. Together with slicers and timeline filters they can be used as a tool for creating rich dashboards
What kind of reporting executives prefer? One that can fit on a single page! And to be timely, clear, beautiful and above all accurate – that goes without saying! Reporting table usually consist of tables, charts, or a combination of these elements with help of several important filters. Excel allows you to easily create beautiful and functional dashboards. This way it can replace or at least to postpone the purchase of expensive specialized software.
ABC analysis is a method used for analysis and management of inventory. Depending on the share in the total value of the stock it distributes items in groups A, B or C. They make up about 70%, about 25% and about 5% of the total, respectively. Since items from Group A account for the largest share of the total value they require frequent and rigorous control. Items from the group B require something smaller, while items from the group C require the least control.