Describes the benefit of value added-value engineering

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Reference no: EM132197932

1. A scenario where an operations or purchasing professional needs to evaluate the advantages and disadvantages of logistics sources based on the three criteria of cost, resource use and customer service is called the _____________.

a. Rule of Three

b. Trade-off Principle

c. Transport Rules

d. Law of supply and demand

2. Designing a product that can later be recycled or composted is an example of:

a. Supply chain sustainability

b. Reverse logistics

c. A certified "green" product

d. A good business practice

3. Which of the aggregate planning approaches for uneven demand would be best for a low cost, low variety, high volume product or service that has predicable demand?

a. Level capacity approach

b. Chase demand approach

c. Neither level or chase

d. A hybrid version of each level and chase

4. Which of the following statements best describes the benefit of Value Added/Value Engineering?

a. The process forces operations and marketing to work together in designing a product.

b. Companies can confidently claim they have a product with the highest "value" on the market.

c. Co-development ensures that intellectual property is protected among the manufacturer, suppliers and the customer.

d. By eliminating potential issues in both design and manufacture the cost of the good/service is reduced as well as the time to market.

Reference no: EM132197932

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