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Using the information below, please design a Memo (using the Memo provided below) that illustrates the steps XYZ Company will take in developing a process for data collection. XYZ Company is an company that sells products to many countries. Their products include beverages, condiments, produce, meat/poultry, grains/cereals, seafood, dairy products, confections and other items. XYZ Company, has recognized that the company’s profit margins are declining. In an effort to reduce cost and increase profit, they want to perform an analysis of their company. They have hired you, a consultant and an expert in data collection, to recommend the beginning steps for data driven decision making. This project will focus on developing a strategy to identify what kind of data needs to be collected, a timeframe for data collection, identification of key stakeholders, and defining a process for collecting, analyzing, and distributing findings of the data once the analysis is complete. There is no current data – you are guiding them as to the steps. This assignment will require you to consider what relevant data should be collected and tracked? This includes both quantitative and qualitative data. When analyzing the data what questions should be asked and who should be involved in this process. Use B. Marr’s FIVE- STEP FRAMEWORK FOR MOVING FROM DATA TO DECISIONS to help guide you with this project. Drawing Conclusions Your data collection analysis will lead you to draw conclusions on identifying data to collect, timeframe for data collection, identification of key stakeholders, and defining a process for collecting, analyzing, and distributing findings of the data once the analysis is complete For example, collecting data on products that sell the most, salespersons and their sales performance etc. These are just some recommendations to get you started. Remember that you (a consultant) have been contracted by XYZ Company, to provide recommendations on gathering data that you believe will impact sales and increase the overall performance of the company. These recommendations should grow out of the conclusions on the data collection analysis. Last Step of Project Present the Data Driven Decision Making recommendation for collecting the data in the Memo template provided and address it to the company’s CEO, Mr. XYZ. Ensure it is narrative form and includes all the information requested above.