Grocery Team Week Seven Wrap Up

Week Seven
Grocery Team
Author

Srika Raja

Published

June 29, 2023

This week our team worked on automating the functions created previously and creating visualization from sales Genie data. We also shortlisted some ACS demographic variables to display statistics about the store location in our dashboard.

We successfully completed automating the rural population function and created the metro function population. We created the Pop_Binder function, which creates a new data frame from an address with the populations for all the cities in the county, and an Address_Parser function which parsers a given address into the street, city, state, and country. The Pop_Binder and Address_Parser will likely be used in an initialization function that will run before the rest of the toolkit and save as a global variable.

We also tried to automate the retrieval of relevant census statistics for the market area selected by a user of our tool. Careful decisions were made about the granularity and selection of the variables to use. We created a function, get_census_vars, that pulls the census data for all the variables selected.

We created some visualization about the distribution of the chain non, chain grocery stores, and dollar stores for cities in different classification groups. We also cleaned some data and made the last week’s graphs more consistent.

From the above graph, we can see that smaller cities usually tend to have just non-chain grocery stores and not dollar stores or chain grocery stores.

We also tried to visualize cities store distribution based on Population-Store Ratio.

The above graph shows the cities in Iowa with 1 grocery store for at least every 500 people

Final Project Presentation Outline

We created our YouTube Trailer video for our project this week and also made a rough outline for the final project presentation. We are planning to divide our final presentations into 4 sections:

Introduction(Harun)

  • Project Overview:

    • Summary

    • Goal

    • The Excel tool

  • Literature Review & Data Collection:

    • Reading on Rural Grocery Stores

    • Selecting data to automate

Methods

  • Market Size Calculation (Alex)

    • Market area calculation

      • Quarter Circle 

      • Voronoi 

      • Reillys 

    • Population

      • Rural Population

      • Metro Population

      • Town Population

  • Revenue Estimation (Srika)

    • Average Grocery Spend  

    • State index and percentage price index: 

      • Rural price parities(RUPP) 

      • Consumer price index(CPI) 

      • Update and Maintenance

    • Money spent by different categories of shoppers 

    • Market trends 

    • Visualization: 

      • Non-Chain grocery store, Chain grocery store, Dollar store distribution 

      • The RUCC Classification 

      • City group classification 

  • Expense Estimation (Aaron)

    • Expenses for Opening a Store 

      • Cost of Goods Sold 

      • Operating Expenses 

      • Asset Depreciation 

      • Loan Interest

      • Rent 

    • Secondary Sources of Income 

      • Income from interest 

      • Other income 

    • User-defined Inputs 

      • Switching between multiple ownership scenarios 

      • Input their own percentage values as sliders 

      • The assets list can be customized to calculate depreciation

      • Custom loan and rent

    • Pre-Tax Profit Calculation

  • Design Choices (Harun)

Results (Harun)

  • Dashboard Demo

Conclusion