An Area of Business That Uses Data Analytics to Improve

Multiple Choice

An area of business that uses data analytics to improve operations is supply chain management. Managers are constantly looking for ways to make their operations more efficient and cost-effective. Which of the following is a way that a light bulb manufacturer could use data analytics to improve its supply chain management?

A) Use the data collected on production wages to determine why the LED division went over budget
B) Use the data collected to create a demand forecast for a new LED bulb
C) Use the data collected to determine what the change in glass costs were year-to-year
D) Use the data collected to determine why the costs of copper from their copper supplier increased