An advantage of Excel is that it’s relatively low tech, allowing it to be used by many people and without the risk of programming bugs.īusiness activities can often involve quite complicated logistics. While Amazon uses sophisticated custom software for operations management, Microsoft Excel is an important tool for many smaller businesses (or parts of larger businesses). Managing OperationsĮxcel is relied on heavily to manage the day-to-day operations of many businesses. Job examples: client growth coordinator, client management and administration, client relationship manager, client service manager, client service specialist, employer service consultant, HR administrator, human resources administrative assistant, human resources administrator, human resources adviser, human resources officer, junior HR analyst, reconciliation and payments officer, relationship manager. A spreadsheet row or column can be used for an individual record that may include information like name, email address, start date, items purchased, subscription status, and last contact. Using Excel, information about an individual person can be stored and retrieved efficiently.
An Excel spreadsheet is a powerful way to organise information about people, whether they are employees, customers, supporters, or training attendees. You may be surprised to learn that one of the top uses of Microsoft Excel in business is to manage people.
Job examples: business analyst, business planning analyst, business solutions analyst, claims analyst, collections analyst, credit officer, data analyst, data and audience analyst, finance business analyst, investment operations portfolio analyst, junior data analyst, regional finance analyst, senior data analyst, senior finance analyst, senior portfolio analyst.
If the business always loses money on a Sunday, that information management could be used to make a decision to not open on Sundays. Analysis is the activity of converting data into something useful to the people who run the business.įor example, you could run a profitability report by day of the week.
This is essentially using collected data to inform decision making.īusinesses naturally gather data in their day-to-day activities, which may be data on product sales, website traffic, spending on supplies, insurance claims, etc. The number 1 use of Microsoft Excel in the workplace is to improve business performance through analysis.
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