Build Interactive Violin chart to understand the distribution of your e-commerce sales
An Italian economist named Vilfredo Pareto developed 1906 a mathematical formula to describe the distribution of wealth in Italy. He discovered that 80% of the wealth belonged to 20% of the population.
A few decades later this rule has been generalized to many other applications including Supply Chain and Logistics Management. This principle called the “Pareto Principle”, “the 80–20 rule” or “The Law of Trivial Many and Critical Few” can be translated for Logistics Practitioners
- 80% of your company revenue is made from 20% of your reference
- 80% of your volume is picked in 20% of your picking locations
- 80% of your replenishment volume will be performed on 20% of your picking locations
In this Medium Article, we will explore how to apply this Pareto Principle using a actual Logistic operational example.
This repository code can be used to build a visualization tool to apply the principles presented in this article.
This repository code should be used in the first step of analysis to duplicate the example found and render it using Python Flask.
- Copy Github repository in your local folder and create a local python environment
- Download libraries listed in requirements.txt
pip3 install -r requirements.txt
- Launch app.py
py app.py
Communicate these visuals to your operations and marketing team to understand what drives your sales.
Senior Supply Chain Engineer with an international experience working on Logistics and Transportation operations.
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Data Science for Warehousing📦, Transportation 🚚 and Demand Forecasting 📈