Factors Used to Decide Whether to Outsource a Part Include

question 161

Multiple Choice

Factors used to decide whether to outsource a part include ________.

• A) the supplier's cost of direct materials
• B) if the supplier is reliable
• C) the original cost of equipment currently used for production of that part
• D) past design costs used to develop the current composition of the part

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Definitions:

Creative Problem Solving

An approach to finding innovative solutions to problems, characterized by the use of imagination and lateral thinking.

Initial Option

The first choice or course of action that is considered before any alternatives are explored.

Critically Analyze

The process of rigorously examining or evaluating something in detail, often to form a judgment or understanding.

Brainstorming

A method for generating creative ideas and solutions through spontaneous and freewheeling group discussion.