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)

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Definitions:

Skin Wound

A disruption of the normal structure and function of the skin and underlying soft tissue, typically resulting from physical damage.

Blood Clot

A mass formed by platelets and fibrin in the blood to stop bleeding.

Extracellular Materials

Substances found outside cells within an organism, providing support, anchorage, and segregation to tissues and organs; includes proteins like collagen and enzymes.

Discrete Function

A type of mathematical function that deals with distinct and separate values, often used to model systems that change only at specific points.