A systematic effort to reduce the cost or improve the performance of services or products is known as:
A) presourcing.
B) cooperative orientation.
C) supplier certification.
D) value analysis.

Question

Quizplus · Accepted Answer

Value analysis is a systematic effort to analyze the components and functions of a product or service in order to determine the most cost-effective means of achieving performance requirements. It aims to reduce costs while maintaining or improving performance. Presourcing, cooperative orientation, and supplier certification are not directly related to cost reduction or performance improvement.

A Systematic Effort to Reduce the Cost or Improve the Performance