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APICS CTSC Exam - Topic 1 Question 24 Discussion

Actual exam question for APICS's CTSC exam
Question #: 24
Topic #: 1
[All CTSC Questions]

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?

Show Suggested Answer Hide Answer
Suggested Answer: C

According to the CTSC Enterprise and Supply Chain Management (ESCM) manual, the next step after setting improvement priorities on the basis of strategic objectives is to design the transformation road map1. The transformation road map is a document that outlines the vision, goals, scope, timeline, milestones, deliverables, resources, risks, and dependencies of the supply chain transformation project1. It also defines the roles and responsibilities of the project team and the stakeholders, and the communication and governance mechanisms1. The transformation road map helps to guide the execution of the project, monitor the progress and performance, and ensure alignment and collaboration among the project participants1.

1: https://www.ascm.org/ctsc-ecm/


by Gracia at Sep 15, 2024, 04:50 PM

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Hassie
5 months ago
Scenario-based analysis could also provide useful insights.
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Kanisha
5 months ago
Wait, can predictive really avoid all those issues?
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Charlie
6 months ago
Descriptive analysis won't cut it for stock levels.
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Thurman
6 months ago
Totally agree, predictive helps forecast demand!
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Junita
6 months ago
I think predictive analysis is key here.
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Paris
6 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.
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Judy
7 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.
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Starr
7 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.
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Dolores
7 months 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.
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Jaclyn
7 months 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.
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Steffanie
7 months 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.
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Cherri
7 months 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.
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Izetta
7 months 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.
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Earnestine
7 months 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.
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Moira
12 months ago
I bet they wish they had a crystal ball instead of just a smartwatch to predict their stock needs!
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Makeda
10 months ago
C: Scenario-based analysis
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Rima
11 months ago
B: Prescriptive analysis
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Dominque
11 months ago
A: Predictive analysis
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Luis
12 months ago
I hope they don't end up with a smartwatch that's smarter than they are when it comes to inventory management!
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Marleen
12 months 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.
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Sherrell
12 months 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.
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Phil
10 months ago
Predictive analysis (D) might help in forecasting future stock needs, but Prescriptive analysis (B) seems more practical for this situation.
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Terina
10 months ago
Scenario-based analysis (C) could also be helpful in determining stock levels based on different situations.
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Fannie
10 months ago
Descriptive analysis (A) might not give specific recommendations like Prescriptive analysis (B) would.
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Janet
11 months ago
I think Prescriptive analysis (B) would be the best option for calculating the required stock levels.
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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.
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Tina
11 months 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.
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Grover
11 months ago
B: Descriptive analysis (A) could also help in understanding the current stock situation before the new model launch.
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Rory
11 months ago
Predictive analysis could be useful in forecasting future demand and stock requirements, helping the manufacturer avoid stockouts or excess inventory.
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Cyril
12 months ago
Prescriptive analysis could provide recommendations on how to optimize stock levels, but it may not take into account all possible scenarios.
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Stefan
12 months ago
A: I think predictive analysis (D) would be the best option to calculate the required stock levels.
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Becky
12 months ago
Descriptive analysis may help them understand their current stock levels, but it may not be enough to predict future needs.
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Ty
1 year ago
I'm not sure, but I think C) Scenario-based analysis could also be useful to consider different possible outcomes.
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Renea
1 year ago
I agree with Howard, Predictive analysis can help forecast demand accurately.
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Howard
1 year ago
I think the answer is D) Predictive analysis.
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Maurine
1 year 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.
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Lettie
12 months ago
D: Prescriptive analysis could provide recommendations on how to optimize stock levels based on various factors.
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Lauryn
1 year ago
C: Scenario-based analysis could be beneficial to plan for different possible outcomes and prepare accordingly.
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Clorinda
1 year ago
B: Descriptive analysis might also be useful to understand the current stock levels and trends.
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Brett
1 year ago
A: I agree, Predictive analysis can definitely help in forecasting demand accurately.
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