The Approach to Cost Reduction That Studies Whether Components Can

question 146

Multiple Choice

The approach to cost reduction that studies whether components can be redesigned or standardized or made by cheaper methods of production without adversely impacting product performance is termed as ________.

• A) maintenance, repair, and operating (MRO)
• B) product value analysis (PVA)
• C) vendor managed inventories (VMI)
• D) supplier performance management (SPM)
• E) supplier added value effort (SAVE)