US E-Commerce
Project Overview
E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. E-commerce is in turn driven by the technological advances of the semiconductor industry and is the largest sector of the electronics industry.
The purpose of this project is to analyze the US e-commerce from sales records obtained in 2020. It will involve the total sales, sales per mnth, GPM, orders, and categories during that period.
Role:
Problem Statement
There are over 2.1 million E-commerce sellers operating in the USA. This business model’s popularity is easy to see given the numerous advantages E -commerce offers. USA office supplies market size was 37.9 billion in 2020. With so many offices closed and teams working from home, the traditional demand for offices supplies has taken a sharp dive. The office supply industry is already in seeming decline, and covid 19 has accentuated this. The industry declined by an average annual rate of 6.7%snice 2016.
Executive Summary
Data Dictionary
Key Takeaways
Next Steps
1. Everyone Needs Office Supplies
Office supplies – pencils, paper, folders, pens, notepad, etc. – are a necessary expense for every business. Every industry and every organization, big or small requires office supplies. Schools and universities need office supplies for their staff and students. Businesses run from homes need supplies. In today’s world the easiest way to get customer is e-commerce. It is a huge market and one that you can easily tap into.
2. Managing their inventory
Office supplies get exhausted soon and need to be stocked regularly the business must manage the inventory. this is a HUGE benefit – you get repeat orders. Once established a loyal customer base on most of the sales will be through repeat buyers.
3. Low Shipping Cost
Although online shopping offers convenience, having to pay for shipping is a major disadvantage. High shipping costs often act as a barrier to conversions, which can hurt the business. Offering low shipping costs is the key to attract customers and increase conversions. Office supplies are inexpensive to ship, reducing your shipping costs and boosting conversions.
