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A smartwatch seller wants to determine how many units of a new model release are required to be held as finished goods and how many units should be held as work-in-process (WIP) stock
leading to the new model launch date. Which of the following analyses will allow the manufacturer to calculate the required stock levels to avoid backlogs, inventory losses, and other issues?
Suggested Answer: C
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40 comments · newest first
HA
Hassie
10 months ago
Scenario-based analysis could also provide useful insights.
KA
Kanisha
11 months ago
Wait, can predictive really avoid all those issues?
CH
Charlie
11 months ago
Descriptive analysis won't cut it for stock levels.
TH
Thurman
11 months ago
Totally agree, predictive helps forecast demand!
JU
Junita
11 months ago
I think predictive analysis is key here.
PA
Paris
12 months ago
Descriptive analysis sounds like it just summarizes data, which doesn't help with stock levels, right? I feel like predictive analysis is more aligned with what we need.
JU
Judy
12 months ago
I'm leaning towards prescriptive analysis because it seems to provide recommendations on stock levels, but I could be mixing it up with descriptive analysis.
ST
Starr
12 months ago
I remember practicing a question about inventory management, and I think scenario-based analysis could also be relevant here, but it feels a bit vague.
DO
Dolores
1 year ago
I think predictive analysis might be the right choice since it helps forecast demand based on past data, but I'm not entirely sure.
JA
Jaclyn
1 year ago
Descriptive analysis might not be enough here. We need to go beyond just describing the current situation and use a more forward-looking approach to plan for the new model launch.
ST
Steffanie
1 year ago
Scenario-based analysis could be a good way to model different demand and production scenarios to find the right balance of finished goods and WIP stock. I'll make sure to consider multiple scenarios.
CH
Cherri
1 year ago
I'm a bit unsure about this one. Is a prescriptive analysis the right choice to calculate the optimal stock levels? I'll need to think through the differences between the analysis types.
IZ
Izetta
1 year ago
This seems like a straightforward question about inventory management. I think a predictive analysis would be the best approach to determine the required stock levels.
EA
Earnestine
1 year ago
This looks straightforward. I'll carefully read through the options and select the 5 that seem most likely based on the "applied change policy" mentioned in the question.
MO
Moira
1 year ago
I bet they wish they had a crystal ball instead of just a smartwatch to predict their stock needs!
MA
Makeda
1 year ago
C: Scenario-based analysis
RI
Rima
1 year ago
B: Prescriptive analysis
DO
Dominque
1 year ago
A: Predictive analysis
LU
Luis
1 year ago
I hope they don't end up with a smartwatch that's smarter than they are when it comes to inventory management!
MA
Marleen
1 year ago
Descriptive analysis (A) might be useful, but it's probably not enough on its own to solve this problem. They need something more forward-looking.
SH
Sherrell
1 year ago
I'm not sure, but I'd probably go with Prescriptive analysis (B). It sounds like it can give them specific recommendations on how much stock to hold.
PH
Phil
1 year ago
Predictive analysis (D) might help in forecasting future stock needs, but Prescriptive analysis (B) seems more practical for this situation.
TE
Terina
1 year ago
Scenario-based analysis (C) could also be helpful in determining stock levels based on different situations.
FA
Fannie
1 year ago
Descriptive analysis (A) might not give specific recommendations like Prescriptive analysis (B) would.
JA
Janet
1 year ago
I think Prescriptive analysis (B) would be the best option for calculating the required stock levels.
OR
Oretha
1 year ago
Scenario-based analysis (C) seems like a good option too. They can run different scenarios to see how various factors might impact their stock levels.
TI
Tina
1 year ago
C: Scenario-based analysis (C) seems like a good option too. They can run different scenarios to see how various factors might impact their stock levels.
GR
Grover
1 year ago
B: Descriptive analysis (A) could also help in understanding the current stock situation before the new model launch.
RO
Rory
1 year ago
Predictive analysis could be useful in forecasting future demand and stock requirements, helping the manufacturer avoid stockouts or excess inventory.
CY
Cyril
1 year ago
Prescriptive analysis could provide recommendations on how to optimize stock levels, but it may not take into account all possible scenarios.
ST
Stefan
1 year ago
A: I think predictive analysis (D) would be the best option to calculate the required stock levels.
BE
Becky
1 year ago
Descriptive analysis may help them understand their current stock levels, but it may not be enough to predict future needs.
TY
Ty
1 year ago
I'm not sure, but I think C) Scenario-based analysis could also be useful to consider different possible outcomes.
RE
Renea
1 year ago
I agree with Howard, Predictive analysis can help forecast demand accurately.
HO
Howard
2 years ago
I think the answer is D) Predictive analysis.
MA
Maurine
2 years ago
I think Predictive analysis (D) is the way to go here. It can help the smartwatch seller forecast demand and plan their inventory accordingly.
LE
Lettie
1 year ago
D: Prescriptive analysis could provide recommendations on how to optimize stock levels based on various factors.
LA
Lauryn
1 year ago
C: Scenario-based analysis could be beneficial to plan for different possible outcomes and prepare accordingly.
CL
Clorinda
1 year ago
B: Descriptive analysis might also be useful to understand the current stock levels and trends.
BR
Brett
1 year ago
A: I agree, Predictive analysis can definitely help in forecasting demand accurately.