Reference no: EM132296819
True or false questions:
1. According to David Burt, the primary author of the textbook, the sequence of product development is concept, production, and design review?
2. Specifications provide the buyers and suppliers information on what products and services to buy?
3. The best Standardization Program can be fully developed by design enignieers.
4. The procurement of services is a growing field with supply chain management. It can be one of the most intersting and challenging assignments for a supply chain manager
5. The four formats for statements of work given in the textbook are: Performance, Functional, Design, and Level of Effort.
6. The four formats for statements of work given in the textbook are: Performance, Functional, Design, and Level of Effort.
7. The ideal service supplier focuses on cost reduction ahead of customer satisfaction.
8. Value engineering is focused on the product development stage
9. AFTER realizing true costs in the production stage, the design stage provides the second great opportunity to reduce costs in the life cycle cost of products.
10. Among the reasons a firm utilizes leases are, they are not interested in ownership, and the firm wants freedom and flexibility to proceed with their core business without the cost of ownership and maintenance of heavy equipment.
11. The length of a financial lease is usually longer than the life of the equipment.
12. Value engineering is a systematic study of every element of cost in a material item of equipment, service, or construction project, to ensure that every element of cost fulfills a necessary function and at the lowest possible total cost.
13. Six Sigma is starts with an analysis of internal costs, process flows, and concludes with the DMAIC.
14. ISO: Integrated Operations of Supply, is an discipline to ensure that contract procedures are standardized and follwoed, thus prpmoting the cost efficiences between purchasers and suppliers
15. Grading is a method of determining the quality of a commodity.