Concurrent Engineering Means That at Least Two Engineers Are Involved

question 44

True/False

Concurrent engineering means that at least two engineers are involved in product design at the same time.

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Definitions:

Outsourcing

Transferring a firm’s activities that have traditionally been internal to external suppliers.

External Suppliers

Third-party companies or entities that provide products or services to another company as part of the supply chain, outside of the purchasing company's organization.

Many-Suppliers Strategy

A procurement approach where a company sources its materials or products from a large number of suppliers to enhance competition and reduce supply risk.

Quality

The degree to which a set of inherent characteristics fulfills requirements or expectations.