How Is the Benefit of Reduced Costs Achieved in a Product

question 47

Multiple Choice

How is the benefit of reduced costs achieved in a product life cycle management system?

• A)By connecting design,research and development,procurement,manufacturing,and customer service seamlessly through a flexible collaboration environment
• B)By improving collaboration among the organization and its suppliers,contract manufacturers,and other equipment manufacturers
• C)By providing a secure repository,tracking and audit trails,change and document management controls,workflow and communications,and improved security
• D)By limiting the number of product components through standardization

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Definitions:

Human Resource Planning

The ongoing process of systematically planning ahead to optimize and meet the future human resource needs of an organization, in alignment with its strategic goals.

Recruitment

Recruitment is the process of identifying, attracting, interviewing, selecting, and hiring employees to fill job vacancies within an organization.

Selection

The process of choosing individuals to hire from a pool of qualified job applicants.

Human Capital

The collective skills, knowledge, and abilities of an organization's workforce, which can be leveraged to achieve its goals.