What is 8020 rule in qlikview or business

[#1]

Hello Experts,

Can you explain about the 8020 rule in the qlikview or in business with effective example.

Thanks

Jay

[m_woolf]

If you google 80 20 rule, you will find your answer.

[german_avanzato]

A quick answer would be "80% of your sales, is made by the 20% of your employees"

[Anonymous]

Hello,

Example:

80% of income is generated by a few customers. Let's say 5.

These are the most important customers; rest is less important. In order to indicate that there is 80/20.

BR

Serhan

[Anonymous]

Here is a good blog explanation:

Recipe for a Pareto Analysis

[Clever_Anjos]

Pareto distribution - Wikipedia, the free encyclopedia

[#7]

this is pareto formula

[#8]

As someone mentioned before, the Pareto Principle (80/20 rule) says that 80% of something is represented by the 20%. This means that 80% of your revenue comes from the 20% of your clients. If you have $1'000,000 revenue from 50 clients, it means that $800,000 comes from 10 huge clients and the resting $200,000 comes from 40 smaller clients.

However it is not supposed to be exact. This means that you might be able to have 82%, 85%, 99% of revenue from 20% of your customers and the rule would still apply.

[#9]

Thanks All,

Any one has 8020 or Pareto sample file with charts i appreciated.

Jay

[MarcoWedel]

It could also go like:

Deliver a 80% solution fast instead of allowing the missing 20% to sabotage your timeline.

Regards

Marco