New to Sales MIS Reports? How to Analyze POS Data for a Retail Outlet Assignment

I am new to the board and came across while looking for 'Sales Related MIS reports'. Okay, this is the assignment given to me in my college: A POS (Point of Sale) system has been installed in a new retail outlet. As a techno-functional consultant, you are required to analyze the various types of Sales-related MIS reports that can be generated by the system. Identify the scenarios and the attributes for each report. Any guidance?

Regards

As a techno-functional consultant analyzing Sales-related MIS reports generated by a POS system in a new retail outlet, you need to understand the scenarios and attributes for each report. To begin, familiarize yourself with the POS system's capabilities and data collection methods. Identify key performance indicators (KPIs) such as sales volume, revenue, customer footfall, and product performance. Create a list of potential reports based on these KPIs, including daily sales reports, product-wise sales analysis, customer purchase trends, and inventory turnover. Ensure the reports are actionable and provide insights for decision-making. Consider the frequency of reporting and the level of detail required by stakeholders. Collaborate with stakeholders to validate the relevance and accuracy of the reports. Finally, document the report generation process and train relevant staff on interpreting and utilizing the reports effectively.