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:

Managing Your Time

The process of organizing and planning how to divide your time between specific activities to achieve efficiency and productivity.

Daily Pattern

A regular or habitual sequence of activities or behaviors observed on a day-to-day basis.

Major Projects

Significant tasks or programs, often requiring considerable resources and time, aimed at achieving a specific large-scale goal.

Sugary Snack

A type of food that is high in sugar content, often consumed for instant energy or pleasure but with limited nutritional value.